WA People
BILL · 2009–10 SESSION · LATEST VERSION SHB 1563

HB 1563: Suitability of annuities

Determining the suitability of annuities sold in Washington.

Summary

  • Requires insurers and insurance producers to meet suitability standards when recommending the purchase or exchange of an annuity to a consumer.
  • Grants the Insurance Commissioner rule-making authority.

From the House Bill Report (HB 1563), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · died in committee
  1. IntroducedJan 23, 2009
  2. Out of committeeFeb 20, 2009
  3. Passed Housestopped here
  4. Passed Senate
  5. Governor
  6. Law
Prime sponsor
Steve Kirby (D-29)
Introduced
January 23, 2009 in the House
Last action
March 15, 2010
Requested by
Other
Companion bill
SB 5671
Budget
Has a fiscal note
Versions
HB 1563, SHB 1563

AN ACT Relating to the suitability of annuities sold in Washington;

Sponsors

Prime sponsor: Steve Kirby (D-29)

4 co-sponsors (4 Democrats, 0 Republicans)

Brendan Williams D-22Bob Hasegawa D-11Geoff Simpson D-47Dawn Morrell D-25

Votes

No recorded floor votes. This measure never reached a floor vote.

History

  1. By resolution, reintroduced and retained in present status. (SHB 1563)
  2. By resolution, reintroduced and retained in present status.
  3. By resolution, reintroduced and retained in present status. (SHB 1563)
  4. Referred to Financial Institutions & Insurance. (SHB 1563)
  5. Rules Committee relieved of further consideration. (SHB 1563)
  6. Rules Committee relieved of further consideration.
  7. Referred to Financial Institutions & Insurance.
  8. By resolution, reintroduced and retained in present status.
  9. Passed to Rules Committee for second reading. (SHB 1563)
  10. Passed to Rules Committee for second reading.
  11. FII - Majority; 1st substitute bill be substituted, do pass. (SHB 1563)
  12. Minority; do not pass. (SHB 1563)
  13. Minority; do not pass.
  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.

HB 1563 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