WA People
BILL · 2021–22 SESSION

SB 5969: Credit scores/insurance

Delaying the office of the insurance commissioner from conducting rule making on the use of credit scores in setting insurance premiums.

Summary

  • Establishes a work group, convened by a mediator, to examine the use of credit history in insurance scores.
  • Requires the work group to develop viable policy options for the Legislature's consideration by December 1, 2022.
  • Prohibits the Office of the Insurance Commissioner (OIC) from adopting any rules that would conflict with current law regarding the use of credit history in insurance scores until June 30, 2023.
  • Requires insurers to provide information on the consumer experience with the OIC's emergency rule within three months from the date of the request by the work group.

From the Senate Bill Report (SB 5969), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · died in committee
  1. IntroducedFeb 1, 2022
  2. Out of committeestopped here
  3. Passed Senate
  4. Passed House
  5. Governor
  6. Law
Prime sponsor
Mark Mullet (D-5)
Introduced
February 1, 2022 in the Senate
Last action
February 1, 2022

AN ACT Relating to delaying the office of the insurance commissioner from conducting rule making on the use of credit scores in setting insurance premiums until a work group can address ways to reduce insurance costs for Washington residents with below average credit scores;

Sponsors

Prime sponsor: Mark Mullet (D-5)

1 co-sponsor (0 Democrats, 1 Republican)

Keith Wagoner R-39

Votes

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

History

  1. First reading, referred to Business, Financial Services & Trade.

SB 5969 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