WA People
BILL · 2001–02 SESSION

HB 1727: Insurers/investments

Regulating the investment limits of insurers in noninsurance subsidiaries.

Summary

  • $ Insurers are subject to a limitation on the aggregate amount of funds that may be invested in one or more subsidiaries. Specific classes of subsidiaries are exempt from the limitation.

From the House Bill Analysis (HB 1727), written by the Legislature's nonpartisan staff. Read the full report ↗

Enacted Enacted · Chapter 90, Laws of 2001
  1. IntroducedFeb 1, 2001
  2. Out of committeeFeb 20, 2001
  3. Passed HouseMar 9, 2001
  4. Passed SenateApr 6, 2001
  5. GovernorApr 19, 2001
  6. LawApr 19, 2001
Prime sponsor
Dan Roach (R-31)
Introduced
February 1, 2001 in the House
Last action
April 19, 2001
Session law
Chapter 90, Laws of 2001
Requested by
Other
Companion bill
SB 5605

AN ACT Relating to the investment limits of insurers in noninsurance subsidiaries;

Sponsors

Prime sponsor: Dan Roach (R-31)

3 co-sponsors (2 Democrats, 1 Republican)

Mark Miloscia D-30Brad Benson R-6Brian Hatfield D-19

Votes

House · Final Passage

Passed March 9, 2001
Version voted on: HB 1727
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 6, 2001
Version voted on: HB 1727
48 Yea 0 Nay 0 Absent 1 Excused
PartyYeaNayAbsentExcused
Democrat25000
Republican23001
How each member voted

Yea (48)

Excused (1)

Permalink to this vote

History

  1. Effective date 7/22/2001.
  2. Chapter 90, 2001 Laws.
  3. Governor signed.
  4. Delivered to Governor.
  5. Speaker signed.
  6. President signed.
  7. Third reading, passed; yeas, 48; nays, 0; absent, 0; excused, 1.
  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. Passed to Rules Committee for second reading.
  12. LCF - Majority; do pass.
  13. First reading, referred to Labor, Commerce & Financial Institutions.
  14. Third reading, passed; yeas, 98; nays, 0; absent, 0; excused, 0.
  15. Rules suspended. Placed on Third Reading.
  16. Placed on second reading by Rules Committee.
  17. Passed to Rules Committee for second reading.
  18. FII - Majority; do pass.
  19. FII - Executive action taken by committee.
  20. First reading, referred to Financial Institutions & Insurance.

HB 1727 in other sessions

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

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