BILL · 1997–98 SESSION · LATEST VERSION SSB 6302

SB 6302: Health carriers capital stan

Establishing risk-based capital standards for health carriers.

Summary

  • For the purpose of monitoring health carrier solvency, a method of tracking and reporting of "risk based capital" (RBC) is established. The RBC of all domestic carriers (and foreign or alien carriers under some circumstances) is reported by the carriers to the Insurance Commissioner (IC, the commissioner), the NAIC, and in other jurisdictions where the carrier is authorized to do business.

From the Substitute Senate Bill Report (SSB 6302), written by the Legislature's nonpartisan staff. Read the full report ↗

Enacted Enacted · Chapter 241, Laws of 1998
  1. IntroducedJan 15, 1998
  2. Out of committee
  3. Passed SenateFeb 12, 1998
  4. Passed HouseFeb 27, 1998
  5. Governor
  6. LawMar 30, 1998
Prime sponsor
Shirley Winsley (R-28)
Introduced
January 15, 1998 in the Senate
Last action
March 30, 1998
Session law
Chapter 241, Laws of 1998
Requested by
Other
Companion bill
EHB 2549
Budget
Has a fiscal note
Versions
SB 6302, SSB 6302

Sponsors

Prime sponsor: Shirley Winsley (R-28)

1 co-sponsor (1 Democrat, 0 Republicans)

Votes

Senate · Final Passage

February 12, 1998
Version voted on: SSB 6302
46 Yea 0 Nay 1 Absent 2 Excused
PartyYeaNayAbsentExcused
Democrat22010
Republican24002
How each member voted

House · Final Passage

February 27, 1998
Version voted on: SSB 6302
95 Yea 0 Nay 0 Absent 3 Excused
PartyYeaNayAbsentExcused
Democrat41000
Republican54003
How each member voted

Yea (95)

Excused (3)

Senate · Final Passage

March 7, 1998
Version voted on: SSB 6302
47 Yea 0 Nay 0 Absent 2 Excused
PartyYeaNayAbsentExcused
Democrat22001
Republican25001
How each member voted

History

The Legislature's online data doesn't include step-by-step history for sessions before 2001. Its final status is shown above, and the official bill page may have more.

SB 6302 in other sessions

Bill numbers restart every two years, so the same number is a different bill in each session.

Report wrong or missing information on this page