BILL · 2011–12 SESSION · LATEST VERSION ESHB 2026

HB 2026: Industrial insurance account

Creating the industrial insurance rainy day account.

Summary

Creates an industrial insurance Rainy Day Account (Rainy Day Account) for Accident Fund and Medical Aid Fund surpluses and provides for transfers to the Rainy Day Account of amounts that are more than 10 percent greater than funded liabilities.
Provides that if the Director of the Department of Labor and Industries determines to increase rates for the Accident Fund or Medical Aid Fund, the amount of the increase must first be funded from the Rainy Day Account.
Provides that premium dividends, other than refunds under the retrospective rating plan, may not be distributed and average rates may not be reduced.

From the Engrossed Substitute House Bill Report (ESHB 2026), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · passed House, stalled in Senate

AN ACT Relating to creating the industrial insurance rainy day account;

Passed April 12, 2011

Version voted on: ESHB 2026

50 Yea 47 Nay 0 Absent 0 Excused

Party	Yea	Nay	Absent	Excused
Democrat	50	5	0	0
Republican	0	42	0	0

How each member voted

Apr 11, 2012By resolution, reintroduced and retained in present status. (ESHB 2026)
Apr 4, 2012By resolution, reintroduced and retained in present status. (ESHB 2026)
Jan 12, 2012Referred to Labor & Workforce Development. (ESHB 2026)
Jan 12, 2012Rules Committee relieved of further consideration. (ESHB 2026)
Jan 9, 2012By resolution, reintroduced and retained in present status. (ESHB 2026)
Nov 28, 2011By resolution, reintroduced and retained in present status. (ESHB 2026)
Apr 26, 2011By resolution, reintroduced and retained in present status. (ESHB 2026)
Apr 22, 2011By resolution, returned to House Rules Committee for third reading. (ESHB 2026)
Apr 14, 2011First reading, referred to Ways & Means. (ESHB 2026)
Apr 12, 2011Third reading, passed; yeas, 50; nays, 47; absent, 0; excused, 0. (ESHB 2026)
Apr 12, 2011Rules suspended. Placed on Third Reading. (ESHB 2026)
Apr 12, 2011Floor amendment(s) adopted. (ESHB 2026)
Apr 12, 20111st substitute bill substituted. (ESHB 2026)
Apr 12, 20111st substitute bill substituted.
Apr 9, 2011Placed on second reading. (ESHB 2026)
Apr 9, 2011Placed on second reading.
Apr 6, 2011LWD - Majority; 1st substitute bill be substituted, do pass. (ESHB 2026)
Apr 6, 2011Minority; do not pass. (ESHB 2026)
Apr 6, 2011LWD - Executive action taken by committee.
Apr 6, 2011Minority; do not pass.
Apr 6, 2011LWD - Majority; 1st substitute bill be substituted, do pass.
Mar 21, 2011First reading, referred to Labor & Workforce Development.

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

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