WA People
BILL · 2021–22 SESSION · LATEST VERSION 2SSB 5315

SB 5315: Captive insurance

Concerning captive insurance.

Summary

  • Requires eligible captive insurers to register with the Office of the Insurance Commissioner.
  • Imposes insurance premiums tax on the risk covered by captive insurance premiums allocable to Washington.

From the Second Substitute House Bill Report (2SSB 5315), written by the Legislature's nonpartisan staff. Read the full report ↗

Enacted Enacted · Chapter 281, Laws of 2021
  1. IntroducedJan 21, 2021
  2. Out of committeeFeb 17, 2021
  3. Passed SenateMar 9, 2021
  4. Passed HouseApr 9, 2021
  5. GovernorMay 12, 2021
  6. LawMay 12, 2021
Prime sponsor
Mark Mullet (D-5)
Introduced
January 21, 2021 in the Senate
Last action
May 12, 2021
Session law
Chapter 281, Laws of 2021
Budget
Has a fiscal note
Versions
SB 5315, SSB 5315, 2SSB 5315

AN ACT Relating to captive insurance;

Sponsors

Prime sponsor: Mark Mullet (D-5)

1 co-sponsor (0 Democrats, 1 Republican)

Perry Dozier R-16

Votes

Senate · 3rd Reading & Final Passage

Passed March 9, 2021
Version voted on: 2SSB 5315
49 Yea 0 Nay 0 Absent 0 Excused
PartyYeaNayAbsentExcused
Democrat29000
Republican20000
How each member voted

Yea (49)

Permalink to this vote

House · 3rd Reading & Final Passage

Passed April 9, 2021
Version voted on: 2SSB 5315
96 Yea 1 Nay 0 Absent 1 Excused
PartyYeaNayAbsentExcused
Democrat55101
Republican41000
How each member voted

Yea (96)

Nay (1)

Excused (1)

Permalink to this vote

History

  1. Effective date 5/12/2021. (2SSB 5315)
  2. Chapter 281, 2021 Laws. (2SSB 5315)
  3. Governor signed. (2SSB 5315)
  4. Delivered to Governor. (2SSB 5315)
  5. Speaker signed. (2SSB 5315)
  6. President signed. (2SSB 5315)
  7. Third reading, passed; yeas, 96; nays, 1; absent, 0; excused, 1. (2SSB 5315)
  8. Rules suspended. Placed on Third Reading. (2SSB 5315)
  9. Rules Committee relieved of further consideration. Placed on second reading. (2SSB 5315)
  10. Referred to Rules 2 Review. (2SSB 5315)
  11. Minority; without recommendation. (2SSB 5315)
  12. FIN - Majority; do pass. (2SSB 5315)
  13. FIN - Executive action taken by committee. (2SSB 5315)
  14. Referred to Finance. (2SSB 5315)
  15. CPB - Executive action taken by committee. (2SSB 5315)
  16. CPB - Majority; do pass. (2SSB 5315)
  17. First reading, referred to Consumer Protection & Business. (2SSB 5315)
  18. Third reading, passed; yeas, 49; nays, 0; absent, 0; excused, 0. (2SSB 5315)
  19. Rules suspended. Placed on Third Reading. (2SSB 5315)
  20. 2nd substitute bill substituted. (2SSB 5315)
  21. 2nd substitute bill substituted. (SSB 5315)
  22. 2nd substitute bill substituted.
  23. Placed on second reading by Rules Committee. (2SSB 5315)
  24. Placed on second reading by Rules Committee. (SSB 5315)
  25. Placed on second reading by Rules Committee.
  26. Passed to Rules Committee for second reading. (2SSB 5315)
  27. Passed to Rules Committee for second reading. (SSB 5315)
  28. Passed to Rules Committee for second reading.
  29. Minority; without recommendation. (2SSB 5315)
  30. WM - Majority; 2nd substitute bill be substituted, do pass. (2SSB 5315)
  31. WM - Majority; 2nd substitute bill be substituted, do pass. (SSB 5315)
  32. Minority; without recommendation. (SSB 5315)
  33. Minority; without recommendation.
  34. WM - Majority; 2nd substitute bill be substituted, do pass.
  35. Referred to Ways & Means. (SSB 5315)
  36. Referred to Ways & Means.
  37. And refer to Ways & Means. (SSB 5315)
  38. BFST - Majority; 1st substitute bill be substituted, do pass. (SSB 5315)
  39. BFST - Majority; 1st substitute bill be substituted, do pass.
  40. And refer to Ways & Means.
  41. First reading, referred to Business, Financial Services & Trade.

SB 5315 in other sessions

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

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