WA People
BILL · 2007–08 SESSION · LATEST VERSION SHB 1532

HB 1532: Market conduct oversight

Establishing a program of market conduct oversight within the office of the insurance commissioner.

Summary

  • Creates a program of market conduct oversight within the Office of the Insurance Commissioner (Insurance Commissioner).
  • Requires and establishes procedures for the Insurance Commissioner to conduct market analysis.
  • Establishes market actions for the Insurance Commissioner to use when market analysis determines that further inquiry into a particular insurer or practice is needed.
  • Authorizes the Insurance Commissioner to do market conduct examinations in accordance with the market conduct uniform examination procedures established by the National Association of Insurance Commissioners (NAIC) and the NAIC market regulation handbook.
  • Requires examined entities to pay for certain examination costs.
  • Establishes requirements for market conduct personnel.

From the House Bill Report (HB 1532), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · stalled on the House floor
  1. IntroducedJan 22, 2007
  2. Out of committeeFeb 28, 2007
  3. Passed Housestopped here
  4. Passed Senate
  5. Governor
  6. Law
Prime sponsor
Steve Kirby (D-29)
Introduced
January 22, 2007 in the House
Last action
January 14, 2008
Requested by
Other
Companion bill
SB 5717
Budget
Has a fiscal note
Versions
HB 1532, SHB 1532

AN ACT Relating to the establishment of a program of market conduct oversight within the office of the insurance commissioner;

Sponsors

Prime sponsor: Steve Kirby (D-29)

3 co-sponsors (3 Democrats, 0 Republicans)

Phyllis Gutierrez Kenney D-46Jim Moeller D-49Dawn Morrell D-25

Votes

No recorded floor votes.

History

  1. House Rules "X" file. (SHB 1532)
  2. By resolution, reintroduced and retained in present status. (SHB 1532)
  3. House Rules "X" file.
  4. By resolution, reintroduced and retained in present status.
  5. Passed to Rules Committee for second reading. (SHB 1532)
  6. Passed to Rules Committee for second reading.
  7. IFCP - Majority; 1st substitute bill be substituted, do pass. (SHB 1532)
  8. IFCP - Majority; 1st substitute bill be substituted, do pass.
  9. IFCP - Executive action taken by committee.
  10. First reading, referred to Insurance, Financial Service & Consumer Protection.

HB 1532 in other sessions

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

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