WA People
BILL · 2015–16 SESSION

SB 5838: Mutual insurers

Addressing mutual insurers.

Summary

  • A domestic mutual insurer may not redomesticate to another state. A domestic mutual insurer may: convert to a domestic stock insurer and distribute ownership equities to policyholders as provided by this title; and as a domestic stock insurer, redomesticate to another state.

From the Senate Bill Report (Orig.) (SB 5838), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · died in committee
  1. IntroducedFeb 5, 2015
  2. Out of committeestopped here
  3. Passed Senate
  4. Passed House
  5. Governor
  6. Law
Prime sponsor
Maralyn Chase (D-32)
Introduced
February 5, 2015 in the Senate
Last action
March 10, 2016

AN ACT Relating to mutual insurers;

Sponsors

Prime sponsor: Maralyn Chase (D-32)

1 co-sponsor (1 Democrat, 0 Republicans)

Bob Hasegawa D-11

Votes

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

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. First reading, referred to Financial Institutions & Insurance.

SB 5838 in other sessions

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

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