WA People
BILL · 2015–16 SESSION

SB 5180: Life insurance reserve req's

Modernizing life insurance reserve requirements.

Summary

  • Amends and updates the model acts for the Standard Valuation Law and Standard Nonforfeiture Law.

From the House Bill Report (SB 5180), written by the Legislature's nonpartisan staff. Read the full report ↗

Enacted Enacted · Chapter 142, Laws of 2016
  1. IntroducedJan 15, 2015
  2. Out of committeeJan 23, 2015
  3. Passed SenateMar 5, 2015
  4. Passed HouseMar 8, 2016
  5. GovernorMar 31, 2016
  6. LawMar 31, 2016
Prime sponsor
Don Benton (R-17)
Introduced
January 15, 2015 in the Senate
Last action
March 31, 2016
Session law
Chapter 142, Laws of 2016
Requested by
Other
Companion bill
HB 1076
Budget
Has a fiscal note

AN ACT Relating to modernizing life insurance reserve requirements;

Sponsors

Prime sponsor: Don Benton (R-17)

6 co-sponsors (5 Democrats, 1 Republican)

Mark Mullet D-5Jan Angel R-26Steve Hobbs D-44Jim Hargrove D-24Karen Keiser D-33Jeannie Darneille D-27

Votes

Senate · 3rd Reading & Final Passage

Passed March 5, 2015
Version voted on: SB 5180
49 Yea 0 Nay 0 Absent 0 Excused
PartyYeaNayAbsentExcused
Democrat24000
Republican25000
How each member voted

Yea (49)

Permalink to this vote

Senate · 3rd Reading & Final Passage

Passed June 24, 2015
Version voted on: SB 5180
42 Yea 2 Nay 0 Absent 5 Excused
PartyYeaNayAbsentExcused
Democrat17205
Republican25000
How each member voted

Nay (2)

Permalink to this vote

Senate · 3rd Reading & Final Passage

Passed June 29, 2015
Version voted on: SB 5180
44 Yea 2 Nay 0 Absent 3 Excused
PartyYeaNayAbsentExcused
Democrat20202
Republican24001
How each member voted

Nay (2)

Permalink to this vote

Senate · 3rd Reading

Passed January 20, 2016
Version voted on: SB 5180
48 Yea 0 Nay 0 Absent 1 Excused
PartyYeaNayAbsentExcused
Democrat23001
Republican25000
How each member voted

Excused (1)

Permalink to this vote

House · Final Passage as Amended by the House

Passed March 8, 2016
Version voted on: SB 5180
84 Yea 12 Nay 0 Absent 2 Excused
PartyYeaNayAbsentExcused
Democrat47300
Republican37902
How each member voted

Yea (84)

Excused (2)

Permalink to this vote

Senate · Final Passage as Amended by the House

Passed March 9, 2016
Version voted on: SB 5180
49 Yea 0 Nay 0 Absent 0 Excused
PartyYeaNayAbsentExcused
Democrat24000
Republican25000
How each member voted

Yea (49)

Permalink to this vote

History

  1. Effective date 1/1/2017*.
  2. Chapter 142, 2016 Laws.
  3. Governor signed.
  4. President signed.
  5. Speaker signed.
  6. Delivered to Governor.
  7. Passed final passage; yeas, 49; nays, 0; absent, 0; excused, 0.
  8. Senate concurred in House amendments.
  9. Third reading, passed; yeas, 84; nays, 12; absent, 0; excused, 2.
  10. Floor amendment(s) adopted.
  11. Rules suspended. Placed on Third Reading.
  12. Placed on second reading by Rules Committee.
  13. Referred to Rules 2 Review.
  14. BFS - Majority; do pass.
  15. First reading, referred to Business & Financial Services (Not Officially read and referred until adoption of Introduction report).
  16. Third reading, passed; yeas, 48; nays, 0; absent, 0; excused, 1.
  17. Placed on third reading by Rules Committee.
  18. By resolution, reintroduced and retained in present status.
  19. By resolution, returned to Senate Rules Committee for third reading.
  20. First reading, referred to Appropriations (Not Officially read and referred until adoption of Introduction report).
  21. Third reading, passed; yeas, 44; nays, 2; absent, 0; excused, 3.
  22. Placed on third reading.
  23. By resolution, reintroduced and retained in present status.
  24. Referred to Rules.
  25. Third reading, passed; yeas, 42; nays, 2; absent, 0; excused, 5.
  26. Placed on third reading.
  27. By resolution, reintroduced and retained in present status.
  28. By resolution, reintroduced and retained in present status.
  29. By resolution, returned to Senate Rules Committee for third reading.
  30. Referred to Appropriations.
  31. BFS - Majority; do pass.
  32. First reading, referred to Business & Financial Services (Not Officially read and referred until adoption of Introduction report).
  33. Third reading, passed; yeas, 49; nays, 0; absent, 0; excused, 0.
  34. Rules suspended. Placed on Third Reading.
  35. Placed on second reading by Rules Committee.
  36. Made eligible to be placed on second reading.
  37. Passed to Rules Committee for second reading.
  38. Minority; without recommendation.
  39. FI - Majority; do pass.
  40. First reading, referred to Financial Institutions & Insurance.

SB 5180 in other sessions

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

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