WA People
BILL · 2005–06 SESSION · LATEST VERSION SHB 2405

HB 2405: Insurance brokers

Regulating the compensation paid by an insurer to an insurance broker.

Summary

  • Allows agent/broker combinations in all lines of insurance to receive compensation from the insurer and the insured. Requires all agent/broker combinations who receive compensation from the insurer and the insured to provide disclosure to and receive consent from the insured.
  • The bill expands the definition of insurer to include health care service contractors and health maintenance organizations. The bill expands the definition of insured to include policyholders.

From the Substitute House Bill Report (SHB 2405), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · passed House, stalled in Senate
  1. IntroducedJan 9, 2006
  2. Out of committeeJan 16, 2006
  3. Passed HouseFeb 7, 2006
  4. Passed Senatestopped here
  5. Governor
  6. Law
Prime sponsor
Steve Kirby (D-29)
Introduced
January 9, 2006 in the House
Last action
March 8, 2006
Requested by
Other
Companion bill
SB 6181
Budget
Has a fiscal note
Versions
HB 2405, SHB 2405

AN ACT Relating to the compensation paid by an insurer to an insurance broker;

Sponsors

Prime sponsor: Steve Kirby (D-29)

1 co-sponsor (0 Democrats, 1 Republican)

Dan Roach R-31

Votes

House · Final Passage

Passed February 7, 2006
Version voted on: SHB 2405
96 Yea 0 Nay 0 Absent 2 Excused
PartyYeaNayAbsentExcused
Democrat54002
Republican42000
How each member voted

Yea (96)

Excused (2)

Permalink to this vote

History

  1. By resolution, returned to House Rules Committee for third reading. (SHB 2405)
  2. Passed to Rules Committee for second reading. (SHB 2405)
  3. FHC - Majority; do pass with amendment(s). (SHB 2405)
  4. First reading, referred to Financial Institutions, Housing & Consumer Protection. (SHB 2405)
  5. Third reading, passed; yeas, 96; nays, 0; absent, 0; excused, 2. (SHB 2405)
  6. Rules suspended. Placed on Third Reading. (SHB 2405)
  7. 1st substitute bill substituted. (SHB 2405)
  8. 1st substitute bill substituted.
  9. Placed on second reading by Rules Committee. (SHB 2405)
  10. Placed on second reading by Rules Committee.
  11. Passed to Rules Committee for second reading. (SHB 2405)
  12. Passed to Rules Committee for second reading.
  13. FII - Majority; 1st substitute bill be substituted, do pass. (SHB 2405)
  14. FII - Majority; 1st substitute bill be substituted, do pass.
  15. FII - Executive action taken by committee.
  16. First reading, referred to Financial Institutions & Insurance.
  17. Prefiled for introduction.

HB 2405 in other sessions

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

Report wrong or missing information on this page