Skip to content

BILL · 2023–24 SESSION · LATEST VERSION SHB 1060

HB 1060: Mutual insurer reorg.

Concerning reorganization of domestic mutual insurers.

Summary

Permits a mutual insurer to reorganize into a mutual holding company.
Establishes a mutual holding company structure, outlines the steps required for a mutual insurer to convert to a mutual holding company, and establishes requirements of reorganization plans.
Provides the Office of the Insurance Commissioner with the regulatory authority to review and approve all potential mutual insurer reorganizations.

From the Substitute House Bill Report (SHB 1060), written by the Legislature's nonpartisan staff. Read the full report ↗

Enacted Enacted · Chapter 20, Laws of 2023

IntroducedJan 9, 2023
Out of committeeJan 19, 2023
Passed HouseFeb 13, 2023
Passed SenateMar 22, 2023
GovernorApr 6, 2023
LawApr 6, 2023

Prime sponsor: Chris Corry (R-14)
Introduced: January 9, 2023 in the House
Last action: April 6, 2023
Session law: Chapter 20, Laws of 2023
Companion bill: SB 5220
Budget: Has a fiscal note
Versions: HB 1060, SHB 1060

AN ACT Relating to reorganization of domestic mutual insurers;

Sponsors

Prime sponsor: Chris Corry (R-14)

4 co-sponsors (4 Democrats, 0 Republicans)

Liz Berry D-36 Amy Walen D-48 Kristine Reeves D-30 Julio Cortes D-38

Votes

House · 3rd Reading & Final Passage

Passed February 13, 2023

Version voted on: SHB 1060

96 Yea 0 Nay 0 Absent 2 Excused

Party	Yea	Nay	Absent	Excused
Democrat	57	0	0	1
Republican	39	0	0	1

How each member voted

Yea (96)

Excused (2)

Bruce Chandler R-15
Laurie Jinkins D-27

Permalink to this vote

Senate · 3rd Reading & Final Passage

Passed March 22, 2023

Version voted on: SHB 1060

48 Yea 1 Nay 0 Absent 0 Excused

Party	Yea	Nay	Absent	Excused
Democrat	28	1	0	0
Republican	20	0	0	0

How each member voted

Yea (48)

Nay (1)

Bob Hasegawa D-11

Permalink to this vote

History

Apr 6, 2023Effective date 7/23/2023. (SHB 1060)
Apr 6, 2023Chapter 20, 2023 Laws. (SHB 1060)
Apr 6, 2023Governor signed. (SHB 1060)
Mar 31, 2023Delivered to Governor. (SHB 1060)
Mar 27, 2023President signed. (SHB 1060)
Mar 24, 2023Speaker signed. (SHB 1060)
Mar 22, 2023Third reading, passed; yeas, 48; nays, 1; absent, 0; excused, 0. (SHB 1060)
Mar 22, 2023Rules suspended. Placed on Third Reading. (SHB 1060)
Mar 15, 2023Placed on second reading by Rules Committee. (SHB 1060)
Mar 10, 2023Passed to Rules Committee for second reading. (SHB 1060)
Mar 9, 2023Minority; without recommendation. (SHB 1060)
Mar 9, 2023BFGT - Majority; do pass. (SHB 1060)
Feb 15, 2023First reading, referred to Business, Financial Services, Gaming & Trade. (SHB 1060)
Feb 13, 2023Third reading, passed; yeas, 96; nays, 0; absent, 0; excused, 2. (SHB 1060)
Feb 13, 2023Rules suspended. Placed on Third Reading. (SHB 1060)
Feb 13, 20231st substitute bill substituted. (SHB 1060)
Feb 13, 20231st substitute bill substituted.
Feb 8, 2023Placed on second reading suspension calendar by Rules Committee. (SHB 1060)
Feb 8, 2023Placed on second reading suspension calendar by Rules Committee.
Jan 19, 2023Referred to Rules 2 Review. (SHB 1060)
Jan 19, 2023Referred to Rules 2 Review.
Jan 17, 2023CPB - Majority; 1st substitute bill be substituted, do pass. (SHB 1060)
Jan 17, 2023CPB - Executive action taken by committee.
Jan 17, 2023CPB - Majority; 1st substitute bill be substituted, do pass.
Jan 9, 2023First reading, referred to Consumer Protection & Business.
Dec 21, 2022Prefiled for introduction.

HB 1060 in other sessions

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

HB 1060 (2025–26) Newspaper tax preference · Enacted · Chapter 15, Laws of 2025
HB 1060 (2021–22) Emergency proclamations · Did not pass · died in committee
HB 1060 (2019–20) Medical marijuana/students · Did not pass · died in committee
HB 1060 (2017–18) Medical marijuana/students · Did not pass · passed House, stalled in Senate
HB 1060 (2015–16) Litter tax revenues · Enacted · Chapter 15, Laws of 2015
HB 1060 (2013–14) Class C felony equivalent · Did not pass · stalled on the House floor
HB 1060 (2011–12) Contiguous land/property tax · Did not pass · died in committee
HB 1060 (2009–10) Weatherization statute · Did not pass · passed House, stalled in Senate

Report wrong or missing information on this page