WA People
BILL · 2001–02 SESSION

HB 1296: Insurer investments

Restricting the investment of insurers in depository institutions or any company which controls a depository institution.

Summary

  • $ Prohibits an insurer from investing more that 5 percent of its assets in the securities of any depositary institution.

From the House Bill Analysis (HB 1296), written by the Legislature's nonpartisan staff. Read the full report ↗

Enacted Enacted · Chapter 21, Laws of 2001
  1. IntroducedJan 23, 2001
  2. Out of committeeFeb 14, 2001
  3. Passed HouseMar 9, 2001
  4. Passed SenateApr 4, 2001
  5. GovernorApr 13, 2001
  6. LawApr 13, 2001
Prime sponsor
Brian Hatfield (D-19)
Introduced
January 23, 2001 in the House
Last action
April 13, 2001
Session law
Chapter 21, Laws of 2001
Requested by
Other
Companion bill
SB 5396

AN ACT Relating to restricting the investment of insurers in depository institutions or any company which controls a depository institution;

Sponsors

Prime sponsor: Brian Hatfield (D-19)

2 co-sponsors (1 Democrat, 1 Republican)

Brad Benson R-6Jim McIntire D-46

Votes

House · Final Passage

Passed March 9, 2001
Version voted on: HB 1296
98 Yea 0 Nay 0 Absent 0 Excused
PartyYeaNayAbsentExcused
Democrat49000
Republican49000
How each member voted

Yea (98)

Permalink to this vote

Senate · 3rd Reading & Final Passage

Passed April 4, 2001
Version voted on: HB 1296
47 Yea 0 Nay 0 Absent 2 Excused
PartyYeaNayAbsentExcused
Democrat24001
Republican23001
How each member voted

Yea (47)

Excused (2)

Permalink to this vote

History

  1. Effective date 7/22/2001.
  2. Chapter 21, 2001 Laws.
  3. Governor signed.
  4. Delivered to Governor.
  5. President signed.
  6. Speaker signed.
  7. Third reading, passed; yeas, 47; nays, 0; absent, 0; excused, 2.
  8. Rules suspended. Placed on Third Reading.
  9. Placed on second reading by Rules Committee.
  10. Made eligible to be placed on second reading.
  11. LCF - Majority; do pass.
  12. Passed to Rules Committee for second reading.
  13. First reading, referred to Labor, Commerce & Financial Institutions.
  14. Third reading, passed; yeas, 98; nays, 0; absent, 0; excused, 0.
  15. Placed on third reading.
  16. Committee recommendations adopted.
  17. Placed on second reading suspension calendar by Rules Committee.
  18. Placed on second reading by Rules Committee.
  19. Made eligible to be placed on second reading.
  20. Passed to Rules Committee for second reading.
  21. FII - Majority; do pass.
  22. FII - Executive action taken by committee.
  23. First reading, referred to Financial Institutions & Insurance.

HB 1296 in other sessions

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

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