WA People
BILL · 2017–18 SESSION · LATEST VERSION EHB 1450

HB 1450: Title insurance rating orgs.

Creating and establishing the rights and duties for title insurance rating and advisory organizations.

Summary

  • Authorizes and establishes a framework for title insurers to become members of and subscribe to the services of title insurance rating organizations for the purpose of making title insurance form and rate filings with the Office of the Insurance Commissioner (OIC).
  • Gives the OIC authority and direction to examine title insurance rating organizations and to issue a written decision directing a title insurance rating organization to take specific action, when appropriate.
  • Authorizes the sharing of aggregate information and experience data between title insurance rating organizations, title insurers, and the OIC's designated statistical reporting agent, subject to restrictions.

From the Engrossed House Bill Report (EHB 1450), written by the Legislature's nonpartisan staff. Read the full report ↗

Enacted Enacted · Chapter 103, Laws of 2017
  1. IntroducedJan 20, 2017
  2. Out of committeeFeb 17, 2017
  3. Passed HouseMar 6, 2017
  4. Passed SenateApr 5, 2017
  5. GovernorApr 21, 2017
  6. LawApr 21, 2017
Prime sponsor
Terry Nealey (R-16)
Introduced
January 20, 2017 in the House
Last action
April 21, 2017
Session law
Chapter 103, Laws of 2017
Companion bill
ESB 5629
Budget
Has a fiscal note

AN ACT Relating to creating and establishing the rights and duties for title insurance rating and advisory organizations;

Sponsors

Prime sponsor: Terry Nealey (R-16)

2 co-sponsors (1 Democrat, 1 Republican)

Steve Kirby D-29Brandon Vick R-18

Votes

House · Final Passage

Passed March 6, 2017
Version voted on: EHB 1450
98 Yea 0 Nay 0 Absent 0 Excused
PartyYeaNayAbsentExcused
Democrat50000
Republican48000
How each member voted

Yea (98)

Permalink to this vote

Senate · 3rd Reading & Final Passage

Passed April 5, 2017
Version voted on: EHB 1450
48 Yea 0 Nay 0 Absent 1 Excused
PartyYeaNayAbsentExcused
Democrat24001
Republican24000
How each member voted

Excused (1)

Permalink to this vote

History

  1. Governor signed. (EHB 1450)
  2. Effective date 7/23/2017. (EHB 1450)
  3. Chapter 103, 2017 Laws. (EHB 1450)
  4. Delivered to Governor. (EHB 1450)
  5. President signed. (EHB 1450)
  6. Speaker signed. (EHB 1450)
  7. Third reading, passed; yeas, 48; nays, 0; absent, 0; excused, 1. (EHB 1450)
  8. Rules suspended. Placed on Third Reading. (EHB 1450)
  9. Placed on second reading by Rules Committee. (EHB 1450)
  10. Passed to Rules Committee for second reading. (EHB 1450)
  11. FI - Majority; do pass. (EHB 1450)
  12. First reading, referred to Financial Institutions & Insurance. (EHB 1450)
  13. Third reading, passed; yeas, 98; nays, 0; absent, 0; excused, 0. (EHB 1450)
  14. Rules suspended. Placed on Third Reading. (EHB 1450)
  15. Floor amendment(s) adopted. (EHB 1450)
  16. Placed on second reading by Rules Committee. (EHB 1450)
  17. Referred to Rules 2 Review. (EHB 1450)
  18. Minority; without recommendation. (EHB 1450)
  19. BFS - Majority; do pass. (EHB 1450)
  20. First reading, referred to Business & Financial Services (Not Officially read and referred until adoption of Introduction report). (EHB 1450)

HB 1450 in other sessions

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

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