WA People
BILL · 2003–04 SESSION · LATEST VERSION ESB 6623

SB 6623: Employer-owned life ins

Regulating insurable interests and employer-owned life insurance.

Summary

  • For insurance transactions in Washington State, a person (including a corporation) may not insure against the death or disability of another person unless he or she has an insurable interest in the other person.

From the Senate Bill Report (SB 6623), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · stalled on the Senate floor
  1. IntroducedJan 27, 2004
  2. Out of committeeFeb 4, 2004
  3. Passed Senatestopped here
  4. Passed House
  5. Governor
  6. Law
Prime sponsor
Margarita Prentice (D-11)
Introduced
January 27, 2004 in the Senate
Last action
March 11, 2004

AN ACT Relating to insurable interests and employer-owned life insurance;

Sponsors

Prime sponsor: Margarita Prentice (D-11)

Votes

No recorded floor votes.

History

  1. By resolution, returned to Senate Rules Committee for third reading. (ESB 6623)
  2. First reading, referred to Financial Institutions & Insurance. (ESB 6623)
  3. Third reading, passed; yeas, 49; nays, 0; absent, 0; excused, 0. (ESB 6623)
  4. Rules suspended. Placed on Third Reading. (ESB 6623)
  5. Floor amendment(s) adopted. (ESB 6623)
  6. Placed on second reading by Rules Committee. (ESB 6623)
  7. Made eligible to be placed on second reading. (ESB 6623)
  8. Passed to Rules Committee for second reading. (ESB 6623)
  9. FSIH - Majority; do pass. (ESB 6623)
  10. First reading, referred to Financial Services, Insurance & Housing. (ESB 6623)

SB 6623 in other sessions

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

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