WA People
BILL · 2007–08 SESSION · LATEST VERSION ESSB 5717

SB 5717: 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 (OIC).
  • Requires and establishes procedures for the OIC to conduct market analysis.
  • Establishes market actions for the OIC to use when market analysis determines that further inquiry into a particular insurer or practice is needed.
  • Authorizes the OIC 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 Substitute House Bill Report (SSB 5717), written by the Legislature's nonpartisan staff. Read the full report ↗

Enacted Enacted · Chapter 82, Laws of 2007
  1. IntroducedJan 29, 2007
  2. Out of committeeFeb 28, 2007
  3. Passed SenateMar 7, 2007
  4. Passed HouseApr 5, 2007
  5. GovernorApr 18, 2007
  6. LawApr 18, 2007
Prime sponsor
Jean Berkey (D-38)
Introduced
January 29, 2007 in the Senate
Last action
April 18, 2007
Session law
Chapter 82, Laws of 2007
Requested by
Other
Companion bill
HB 1532
Budget
Has a fiscal note
Versions
SB 5717, ESSB 5717

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

Sponsors

Prime sponsor: Jean Berkey (D-38)

4 co-sponsors (4 Democrats, 0 Republicans)

Steve Hobbs D-44Margarita Prentice D-11Brian Hatfield D-19Rosa Franklin D-29

Votes

Senate · 3rd Reading & Final Passage

Passed March 7, 2007
Version voted on: ESSB 5717
47 Yea 0 Nay 0 Absent 2 Excused
PartyYeaNayAbsentExcused
Democrat32000
Republican15002
How each member voted

Yea (47)

Excused (2)

Permalink to this vote

House · Final Passage

Passed April 5, 2007
Version voted on: ESSB 5717
96 Yea 1 Nay 0 Absent 1 Excused
PartyYeaNayAbsentExcused
Democrat62001
Republican34100
How each member voted

Yea (96)

Nay (1)

Excused (1)

Permalink to this vote

History

  1. Effective date 7/22/2007. (ESSB 5717)
  2. Chapter 82, 2007 Laws. (ESSB 5717)
  3. Governor signed. (ESSB 5717)
  4. Delivered to Governor. (ESSB 5717)
  5. Speaker signed. (ESSB 5717)
  6. President signed. (ESSB 5717)
  7. Third reading, passed; yeas, 96; nays, 1; absent, 0; excused, 1. (ESSB 5717)
  8. Rules suspended. Placed on Third Reading. (ESSB 5717)
  9. Placed on second reading by Rules Committee. (ESSB 5717)
  10. Passed to Rules Committee for second reading. (ESSB 5717)
  11. IFCP - Executive action taken by committee. (ESSB 5717)
  12. IFCP - Majority; do pass. (ESSB 5717)
  13. First reading, referred to Insurance, Financial Services & Consumer Protection. (ESSB 5717)
  14. Third reading, passed; yeas, 47; nays, 0; absent, 0; excused, 2. (ESSB 5717)
  15. Rules suspended. Placed on Third Reading. (ESSB 5717)
  16. Floor amendment(s) adopted. (ESSB 5717)
  17. 1st substitute bill substituted. (ESSB 5717)
  18. 1st substitute bill substituted.
  19. Placed on second reading by Rules Committee. (ESSB 5717)
  20. Placed on second reading by Rules Committee.
  21. FI - Majority; 1st substitute bill be substituted, do pass. (ESSB 5717)
  22. Passed to Rules Committee for second reading. (ESSB 5717)
  23. Passed to Rules Committee for second reading.
  24. FI - Majority; 1st substitute bill be substituted, do pass.
  25. First reading, referred to Financial Institutions & Insurance.

SB 5717 in other sessions

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

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