WA People
BILL · 2007–08 SESSION

SB 5042: Insurance

Regulating the business of insurance.

Summary

  • Modifies a number of provisions related to assets and investments of insurers.
  • Alters language so that underinsured motorist coverage is not available if the covered person intended to cause the event for which a claim is made.
  • Changes the certain statute of limitation provisions regarding claims made on behalf of an insurer by a rehabilitator or liquidator.
  • Modifies group life insurance provisions where the group policyholders are trustees of a fund that was established by an employer, unions, or a combination of employers and unions.

From the House Bill Report (SB 5042), written by the Legislature's nonpartisan staff. Read the full report ↗

Enacted Enacted · Chapter 80, Laws of 2007
  1. IntroducedJan 8, 2007
  2. Out of committeeJan 19, 2007
  3. Passed SenateMar 5, 2007
  4. Passed HouseApr 4, 2007
  5. GovernorApr 18, 2007
  6. LawApr 18, 2007
Prime sponsor
Jean Berkey (D-38)
Introduced
January 8, 2007 in the Senate
Last action
April 18, 2007
Session law
Chapter 80, Laws of 2007
Requested by
Other

AN ACT Relating to insurance;

Sponsors

Prime sponsor: Jean Berkey (D-38)

1 co-sponsor (1 Democrat, 0 Republicans)

Paull Shin D-21

Votes

Senate · 3rd Reading & Final Passage

Passed March 5, 2007
Version voted on: SB 5042
45 Yea 0 Nay 0 Absent 4 Excused
PartyYeaNayAbsentExcused
Democrat29003
Republican16001
How each member voted

Yea (45)

Excused (4)

Permalink to this vote

House · Final Passage

Passed April 4, 2007
Version voted on: SB 5042
95 Yea 0 Nay 0 Absent 3 Excused
PartyYeaNayAbsentExcused
Democrat61002
Republican34001
How each member voted

Yea (95)

Permalink to this vote

History

  1. Effective date 7/22/2007.
  2. Chapter 80, 2007 Laws.
  3. Governor signed.
  4. Delivered to Governor.
  5. Speaker signed.
  6. President signed.
  7. Third reading, passed; yeas, 95; nays, 0; absent, 0; excused, 3.
  8. Rules suspended. Placed on Third Reading.
  9. Placed on second reading by Rules Committee.
  10. Passed to Rules Committee for second reading.
  11. IFCP - Executive action taken by committee.
  12. IFCP - Majority; do pass.
  13. First reading, referred to Insurance, Financial Services & Consumer Protection.
  14. Rules suspended. Placed on Third Reading.
  15. Third reading, passed; yeas, 45; nays, 0; absent, 0; excused, 4.
  16. Placed on second reading by Rules Committee.
  17. Made eligible to be placed on second reading.
  18. FI - Majority; do pass.
  19. Passed to Rules Committee for second reading.
  20. First reading, referred to Financial Institutions & Insurance.
  21. Prefiled for introduction.

SB 5042 in other sessions

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

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