WA People
BILL · 2001–02 SESSION

SB 5605: Insurers/investments

Regulating the investment limits of insurers in noninsurance subsidiaries.

Summary

  • Insurers are prohibited from investing in the securities (common or preferred stock, debt obligations, or other securities) of their subsidiaries in excess of a certain amount, as specified by formula.

From the Senate Bill Report (SB 5605), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · died in committee
  1. IntroducedJan 29, 2001
  2. Out of committeeFeb 22, 2001
  3. Passed Senatestopped here
  4. Passed House
  5. Governor
  6. Law
Prime sponsor
Margarita Prentice (D-11)
Introduced
January 29, 2001 in the Senate
Last action
January 16, 2002
Requested by
Other
Companion bill
HB 1727
Budget
Has a fiscal note

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

Sponsors

Prime sponsor: Margarita Prentice (D-11)

3 co-sponsors (1 Democrat, 2 Republicans)

Shirley Winsley R-28Georgia Gardner D-42Alex Deccio R-14

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. Made eligible to be placed on second reading.
  6. LCF - Majority; do pass.
  7. Passed to Rules Committee for second reading.
  8. First reading, referred to Labor, Commerce & Financial Institutions.

SB 5605 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