BILL · 2005–06 SESSION
SB 5197: Distressed insurers
Conducting the administrative supervision of financially distressed insurers.
Summary
- The Office of the Insurance Commissioner monitors the solvency of insurance carriers, health care service contractors, health maintenance organizations, and certified health plans that are authorized to do business in Washington State. Solvency issues are identified through market conduct or financial examinations, and financial analysis of statements filed by insurers.
From the Senate Bill Report (SB 5197), written by the Legislature's nonpartisan staff. Read the full report ↗
Did not pass Did not pass · stalled on the Senate floor
- IntroducedJan 17, 2005
- Out of committeeJan 31, 2005
- Passed Senatestopped here
- Passed House
- Governor
- Law
- Prime sponsor
- Darlene Fairley (D-32)
- Introduced
- January 17, 2005 in the Senate
- Last action
- January 9, 2006
- Requested by
- Other
- Companion bill
- HB 1034
- Budget
- Has a fiscal note
AN ACT Relating to the administrative supervision of financially distressed insurers;
Sponsors
Prime sponsor: Darlene Fairley (D-32)
4 co-sponsors (3 Democrats, 1 Republican)
Votes
No recorded floor votes.
History
- By resolution, reintroduced and retained in present status.
- Senate Rules "X" file.
- Passed to Rules Committee for second reading.
- FHC - Majority; do pass.
- First reading, referred to Financial Institutions, Housing & Consumer Protection.
SB 5197 in other sessions
Bill numbers restart every two years, so the same number is a different bill in each session.
- SB 5197 (2025–26) Local government planning
- SB 5197 (2023–24) Eviction processes
- SB 5197 (2021–22) Unemp. contributions/wages
- SB 5197 (2019–20) National guard ed. grants
- SB 5197 (2017–18) All payer claims database
- SB 5197 (2015–16) Agency decision making
- SB 5197 (2013–14) Safe school buildings
- SB 5197 (2011–12) Home care aides/nursing task