BILL · 2001–02 SESSION

SB 6216: Industrial insurance funds

Maintaining industrial insurance funds.

Summary

  • Provides that the department must fix basic premium rates that are the lowest necessary to maintain actuarial solvency of the accident and medical aid funds in accordance with recognized insurance principles, subject to the following: (1) If on June 30th of any year, the balance in the accident fund attributable to contingency reserve exceeds ten percent of the sum of actuarial loss estimates and other financial…

From the Bill Digest (SB 6216), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · died in committee
  1. IntroducedJul 20, 2001
  2. Out of committeestopped here
  3. Passed Senate
  4. Passed House
  5. Governor
  6. Law
Prime sponsor
Senator (R-15)
Introduced
July 20, 2001 in the Senate
Last action
January 14, 2002

Sponsors

Votes

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

History

  1. By resolution, reintroduced and retained in present status.
  2. First reading, referred to Labor, Commerce & Financial Institutions.

SB 6216 in other sessions

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

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