BILL · 2003–04 SESSION
SB 6434: Domestic mutual insurers
Regulating capital calls by domestic mutual insurers.
Summary
- A Washington State mutual insurer that meets certain standards may increase its surplus by issuing a capital call. Policyholders or applicants for insurance may be required to pay a capital call sum, in addition to premium, in order to obtain or renew a policy.
From the Senate Bill Report (SB 6434), written by the Legislature's nonpartisan staff. Read the full report ↗
Did not pass Did not pass · stalled on the Senate floor
- IntroducedJan 20, 2004
- Out of committeeFeb 4, 2004
- Passed Senatestopped here
- Passed House
- Governor
- Law
- Prime sponsor
- Don Benton (R-17)
- Introduced
- January 20, 2004 in the Senate
- Last action
- February 25, 2004
- Companion bill
- HB 2838
AN ACT Relating to capital calls by domestic mutual insurers;
Sponsors
Votes
No recorded floor votes.
History
- Senate Rules "X" file.
- Placed on second reading by Rules Committee.
- Made eligible to be placed on second reading.
- Passed to Rules Committee for second reading.
- FSIH - Majority; do pass.
- First reading, referred to Financial Services, Insurance & Housing.
SB 6434 in other sessions
Bill numbers restart every two years, so the same number is a different bill in each session.
- SB 6434 (2019–20) Microenterprise home kitchen
- SB 6434 (2017–18) Electric-assisted bicycles
- SB 6434 (2015–16) Garnishing public pensions
- SB 6434 (2013–14) Patronizing a prostitute
- SB 6434 (2011–12) Citizenship
- SB 6434 (2009–10) Home inspector licensing brd
- SB 6434 (2007–08) Insurance commissioner
- SB 6434 (2005–06) Compensating on-call workers