WA People
BILL · 2011–12 SESSION

SB 5121: Investments of insurers act

Adopting the investments of insurers model act.

Summary

  • The Washington Investment Act is repealed and the Model Act, Defined Standards Version, is adopted in substantial part. The commissioner is authorized to enact rules that target specific investment practices and classes of insurance in lieu of general regulations that affect the insurance industry as a whole.

From the Senate Bill Report (Orig.) (SB 5121), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · stalled on the Senate floor
  1. IntroducedJan 14, 2011
  2. Out of committeeJan 27, 2011
  3. Passed Senatestopped here
  4. Passed House
  5. Governor
  6. Law
Prime sponsor
Steve Hobbs (D-44)
Introduced
January 14, 2011 in the Senate
Last action
April 11, 2012
Requested by
Other
Companion bill
HB 1257
Budget
Has a fiscal note

AN ACT Relating to adopting the investments of insurers model act;

Sponsors

Prime sponsor: Steve Hobbs (D-44)

Votes

No recorded floor votes.

History

  1. By resolution, reintroduced and retained in present status.
  2. By resolution, reintroduced and retained in present status.
  3. By resolution, reintroduced and retained in present status.
  4. By resolution, reintroduced and retained in present status.
  5. By resolution, reintroduced and retained in present status.
  6. Senate Rules "X" file.
  7. Passed to Rules Committee for second reading.
  8. FIHI - Majority; do pass with amendment(s).
  9. First reading, referred to Financial Institutions, Housing & Insurance.

SB 5121 in other sessions

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

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