BILL · 2003–04 SESSION
HB 2480: Insurance guarantee assc act
Changing the scope of the Washington insurance guarantee association act.
Summary
- Creates a third account within the Washington Insurance Guaranty Association for longshore and harbor workers' compensation act insurance.
- Asseses longshore and harbor worker insurers up to 2 percent of written premiums until the account reaches $500,000.
- Authorizes the association to borrow funds from the longshore and harborworkers' compensation assigned risk plan, the industrial insurance fund of the state of Washington, or other sources approved by the Insurance Commissioner when insurer insolvencies create insufficient funds in the longshore and harbor worker account.
From the House Bill Analysis (HB 2480), written by the Legislature's nonpartisan staff. Read the full report ↗
Did not pass Did not pass · died in committee
- IntroducedJan 14, 2004
- Out of committeestopped here
- Passed House
- Passed Senate
- Governor
- Law
- Prime sponsor
- Geoff Simpson (D-47)
- Introduced
- January 14, 2004 in the House
- Last action
- January 14, 2004
- Companion bill
- ESB 6158
- Budget
- Has a fiscal note
AN ACT Relating to the Washington insurance guarantee association act;
Sponsors
Votes
No recorded floor votes. This measure never reached a floor vote.
History
- First reading, referred to Financial Institutions & Insurance.
HB 2480 in other sessions
Bill numbers restart every two years, so the same number is a different bill in each session.
- HB 2480 (2025–26) Residential dev./zones
- HB 2480 (2023–24) Recreational use liability
- HB 2480 (2019–20) Diapers/sales tax
- HB 2480 (2017–18) Afford. housing/single-fam.
- HB 2480 (2015–16) Natural res agencies/fed gov
- HB 2480 (2013–14) Notice against trespass
- HB 2480 (2011–12) Growth management act
- HB 2480 (2009–10) Sustainable rec work group