WA People
BILL · 2001–02 SESSION

SB 5396: Insurer investments

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

Summary

  • Insurers are prohibited from investing more than 5 percent of their assets in the voting securities of a depository institution without consent from the Insurance Commissioner.

From the Senate Bill Report (SB 5396), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · died in committee
  1. IntroducedJan 22, 2001
  2. Out of committeeFeb 21, 2001
  3. Passed Senatestopped here
  4. Passed House
  5. Governor
  6. Law
Prime sponsor
Margarita Prentice (D-11)
Introduced
January 22, 2001 in the Senate
Last action
January 16, 2002
Requested by
Other
Companion bill
HB 1296
Budget
Has a fiscal note

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

Sponsors

Prime sponsor: Margarita Prentice (D-11)

1 co-sponsor (0 Democrats, 1 Republican)

Shirley Winsley R-28

Votes

No recorded floor votes. This measure never reached a floor vote.

History

  1. On motion, referred to Labor, Commerce & Financial Institutions.
  2. By resolution, reintroduced and retained in present status.
  3. By resolution, reintroduced and retained in present status.
  4. Senate Rules "X" file.
  5. Referred to Rules.
  6. Placed on second reading by Rules Committee.
  7. Made eligible to be placed on second reading.
  8. Passed to Rules Committee for second reading.
  9. LCF - Majority; do pass.
  10. First reading, referred to Labor, Commerce & Financial Institutions.

SB 5396 in other sessions

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

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