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BILL · 2003–04 SESSION

HB 1654: Domestic mutual insurers

Borrowing money by domestic mutual insurers.

Summary

Eliminates the interest rate limit on loans obtained by domestic mutual insurers and replaces it with the requirement that interest rates be ‟fair and reasonable.”
Allows a domestic mutual insurer to pay fair and reasonable commissions or promotional expenses in connection with the acquisition of a business loan.

From the House Bill Analysis (HB 1654), written by the Legislature's nonpartisan staff. Read the full report ↗

Enacted Enacted · Chapter 249, Laws of 2003

IntroducedFeb 4, 2003
Out of committeeFeb 14, 2003
Passed HouseMar 11, 2003
Passed SenateApr 15, 2003
GovernorMay 12, 2003
LawMay 12, 2003

Prime sponsor: Shay Schual-Berke (D-33)
Introduced: February 4, 2003 in the House
Last action: May 12, 2003
Session law: Chapter 249, Laws of 2003
Companion bill: SB 5810

AN ACT Relating to borrowing money by domestic mutual insurers;

Sponsors

Prime sponsor: Shay Schual-Berke (D-33)

1 co-sponsor (0 Democrats, 1 Republican)

Brad Benson R-6

Votes

House · Final Passage

Passed March 11, 2003

Version voted on: HB 1654

93 Yea 0 Nay 0 Absent 5 Excused

Party	Yea	Nay	Absent	Excused
Democrat	50	0	0	2
Republican	43	0	0	3

How each member voted

Yea (93)

Excused (5)

Permalink to this vote

Senate · 3rd Reading & Final Passage

Passed April 15, 2003

Version voted on: HB 1654

46 Yea 0 Nay 1 Absent 2 Excused

Party	Yea	Nay	Absent	Excused
Democrat	24	0	0	0
Republican	22	0	1	2

How each member voted

Yea (46)

Absent (1)

Alex Deccio R-14

Excused (2)

Bob Morton R-7
Senator R-15

Permalink to this vote

History

May 12, 2003Effective date 7/27/2003.
May 12, 2003Chapter 249, 2003 Laws.
May 12, 2003Governor signed.
Apr 27, 2003Delivered to Governor.
Apr 26, 2003President signed.
Apr 25, 2003Speaker signed.
Apr 15, 2003Third reading, passed; yeas, 46; nays, 0; absent, 1; excused, 2.
Apr 15, 2003Rules suspended. Placed on Third Reading.
Apr 10, 2003Placed on second reading by Rules Committee.
Apr 4, 2003Made eligible to be placed on second reading.
Mar 28, 2003FSIH - Majority; do pass.
Mar 28, 2003Passed to Rules Committee for second reading.
Mar 13, 2003First reading, referred to Financial Services, Insurance & Housing.
Mar 11, 2003Third reading, passed; yeas, 93; nays, 0; absent, 0; excused, 5.
Mar 11, 2003Rules suspended. Placed on Third Reading.
Mar 10, 2003Placed on second reading by Rules Committee.
Mar 7, 2003Made eligible to be placed on second reading.
Feb 14, 2003Passed to Rules Committee for second reading.
Feb 12, 2003FII - Executive action taken by committee.
Feb 12, 2003FII - Majority; do pass.
Feb 4, 2003First reading, referred to Financial Institutions & Insurance.

HB 1654 in other sessions

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

HB 1654 (2025–26) International fire code · Did not pass · died in committee
HB 1654 (2023–24) Behavior support homes · Did not pass · died in committee
HB 1654 (2021–22) Health prof. monitoring · Did not pass · died in committee
HB 1654 (2019–20) Facial recognition tech. · Did not pass · stalled on the House floor
HB 1654 (2017–18) Teacher certification · Enacted · Chapter 14, Laws of 2017
HB 1654 (2015–16) Pollen-rich plants for bees · Did not pass · passed House, stalled in Senate
HB 1654 (2013–14) Fire prot. service authority · Did not pass · passed House, stalled in Senate
HB 1654 (2011–12) Tuition for excess credits · Did not pass · died in committee

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