BILL · 2019–20 SESSION · LATEST VERSION SHB 2493

HB 2493: Captive insurance

Concerning captive insurance and independently procured commercial insurance.

Summary

Limits the ability to independently procure insurance in this state to exempt commercial purchasers and captive insurance companies (captives).
Requires exempt commercial purchasers who independently procure insurance to file with the Office of the Insurance Commissioner (OIC) and pay a tax on property and casualty insurance premiums.
Requires a captive to register with the OIC and pay a tax on insurance premiums on their Washington risk.

From the House Bill Report (HB 2493), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · died in committee

AN ACT Relating to captive insurance and independently procured commercial insurance;

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

Feb 7, 2020Referred to Appropriations. (SHB 2493)
Feb 7, 2020CPB - Majority; 1st substitute bill be substituted, do pass. (SHB 2493)
Feb 7, 2020CPB - Majority; 1st substitute bill be substituted, do pass.
Feb 7, 2020Referred to Appropriations.
Jan 15, 2020First reading, referred to Consumer Protection & Business.

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

HB 2493 (2025–26) Crime victims & witnesses · Did not pass · died in committee
HB 2493 (2023–24) Ready-to-serve alcoholic bev · Did not pass · died in committee
HB 2493 (2017–18) 2nd grd reading assessments · Did not pass · died in committee
HB 2493 (2015–16) Habitat & rec. lands group · Did not pass · passed House, stalled in Senate
HB 2493 (2013–14) Land use/horticulture · Enacted · Chapter 125, Laws of 2014
HB 2493 (2011–12) Board of education members · Did not pass · died in committee
HB 2493 (2009–10) Cigarette & tobacco taxation · Enacted · Chapter 22, Laws of 2010, 1st Special Session
HB 2493 (2007–08) Fish and wildlife violations · Did not pass · died in committee