WA People
BILL · 2003–04 SESSION

HB 2838: Domestic mutual insurers

Regulating capital calls by domestic mutual insurers.

Summary

  • Allows a domestic mutual insurer to issue capital calls to its members related to policy renewal or new policy issuance.
  • Prohibits a domestic mutual insurer from cancelling or denying benefits under an existing policy based on a member's failure to pay a capital call.
  • Requires Insurance Commissioner approval of capital calls.
  • Includes requirements for notice to policyholders before capital calls are issued.

From the House Bill Analysis (HB 2838), written by the Legislature's nonpartisan staff. Read the full report ↗

Enacted Enacted · Chapter 89, Laws of 2004
  1. IntroducedJan 21, 2004
  2. Out of committeeFeb 6, 2004
  3. Passed HouseFeb 16, 2004
  4. Passed SenateMar 5, 2004
  5. GovernorMar 22, 2004
  6. LawMar 22, 2004
Prime sponsor
Brad Benson (R-6)
Introduced
January 21, 2004 in the House
Last action
March 22, 2004
Session law
Chapter 89, Laws of 2004
Companion bill
SB 6434
Budget
Has a fiscal note

AN ACT Relating to capital calls by domestic mutual insurers;

Sponsors

Prime sponsor: Brad Benson (R-6)

1 co-sponsor (1 Democrat, 0 Republicans)

Shay Schual-Berke D-33

Votes

House · Final Passage

Passed February 16, 2004
Version voted on: HB 2838
98 Yea 0 Nay 0 Absent 0 Excused
PartyYeaNayAbsentExcused
Democrat52000
Republican46000
How each member voted

Yea (98)

Permalink to this vote

Senate · 3rd Reading & Final Passage

Passed March 5, 2004
Version voted on: HB 2838
47 Yea 0 Nay 1 Absent 1 Excused
PartyYeaNayAbsentExcused
Democrat22011
Republican25000
How each member voted

Yea (47)

Absent (1)

Excused (1)

Permalink to this vote

History

  1. Effective date 3/22/2004.
  2. Chapter 89, 2004 Laws.
  3. Governor signed.
  4. Delivered to Governor.
  5. President signed.
  6. Speaker signed.
  7. Rules suspended. Placed on Third Reading.
  8. Third reading, passed; yeas, 47; nays, 0; absent, 1; excused, 1.
  9. Placed on second reading by Rules Committee.
  10. Made eligible to be placed on second reading.
  11. Passed to Rules Committee for second reading.
  12. FSIH - Majority; do pass.
  13. First reading, referred to Financial Services, Insurance & Housing.
  14. Third reading, passed; yeas, 98; nays, 0; absent, 0; excused, 0.
  15. Rules suspended. Placed on Third Reading.
  16. Placed on second reading by Rules Committee.
  17. Passed to Rules Committee for second reading.
  18. FII - Executive action taken by committee.
  19. FII - Majority; do pass.
  20. First reading, referred to Financial Institutions & Insurance.

HB 2838 in other sessions

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

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