BILL · 2017–18 SESSION

SB 6042: Service contract providers

Concerning service contract providers.

Summary

  • Replaces the term "solvency" for service contract providers and protection product guarantee providers with a minimum net worth or stockholder's equity requirement of $200,000 or more.
  • Specifies how a company's net worth or stockholder's equity is calculated.

From the Senate Bill Report (SB 6042), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · stalled on the Senate floor
  1. IntroducedJan 8, 2018
  2. Out of committeeFeb 2, 2018
  3. Passed Senatestopped here
  4. Passed House
  5. Governor
  6. Law
Prime sponsor
Steve Hobbs (D-44)
Introduced
January 8, 2018 in the Senate
Last action
February 22, 2018
Companion bill
EHB 2309
Budget
Has a fiscal note

AN ACT Relating to service contract providers;

Sponsors

Prime sponsor: Steve Hobbs (D-44)

2 co-sponsors (1 Democrat, 1 Republican)

Votes

No recorded floor votes.

History

  1. Senate Rules "X" file.
  2. Passed to Rules Committee for second reading.
  3. Minority; without recommendation.
  4. FI - Majority; do pass.
  5. First reading, referred to Financial Institutions & Insurance.
  6. Prefiled for introduction.

SB 6042 in other sessions

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

Report wrong or missing information on this page