WA People
BILL · 2023–24 SESSION · LATEST VERSION SSB 5720

SB 5720: Risk mitigation

Concerning risk mitigation in property insurance.

Summary

  • Allows property insurers to include specified risk mitigation and prevention goods and services as part of commercial property insurance policies.
  • Increases the maximum value of specified goods and services that insurers can provide to an insured in a 12-month period from $1,500 to the greater of $7,500 or 10 percent of the annual policy premium.

From the Substitute House Bill Report (SSB 5720), written by the Legislature's nonpartisan staff. Read the full report ↗

Enacted Enacted · Chapter 446, Laws of 2023
  1. IntroducedFeb 7, 2023
  2. Out of committeeFeb 17, 2023
  3. Passed SenateFeb 28, 2023
  4. Passed HouseApr 7, 2023
  5. GovernorMay 11, 2023
  6. LawMay 11, 2023
Prime sponsor
Derek Stanford (D-1)
Introduced
February 7, 2023 in the Senate
Last action
May 11, 2023
Session law
Chapter 446, Laws of 2023
Budget
Has a fiscal note
Versions
SB 5720, SSB 5720

AN ACT Relating to risk mitigation in property insurance;

Sponsors

Prime sponsor: Derek Stanford (D-1)

Votes

Senate · 3rd Reading & Final Passage

Passed February 28, 2023
Version voted on: SSB 5720
46 Yea 0 Nay 1 Absent 2 Excused
PartyYeaNayAbsentExcused
Democrat27011
Republican19001
How each member voted

Absent (1)

Excused (2)

Permalink to this vote

House · Final Passage as Amended by the House

Passed April 7, 2023
Version voted on: SSB 5720
97 Yea 0 Nay 0 Absent 1 Excused
PartyYeaNayAbsentExcused
Democrat57001
Republican40000
How each member voted

Yea (97)

Excused (1)

Permalink to this vote

Senate · Final Passage as Amended by the House

Passed April 19, 2023
Version voted on: SSB 5720
49 Yea 0 Nay 0 Absent 0 Excused
PartyYeaNayAbsentExcused
Democrat29000
Republican20000
How each member voted

Yea (49)

Permalink to this vote

History

  1. Effective date 7/23/2023. (SSB 5720)
  2. Chapter 446, 2023 Laws. (SSB 5720)
  3. Governor signed. (SSB 5720)
  4. Delivered to Governor. (SSB 5720)
  5. Speaker signed. (SSB 5720)
  6. President signed. (SSB 5720)
  7. Passed final passage; yeas, 49; nays, 0; absent, 0; excused, 0. (SSB 5720)
  8. Senate concurred in House amendments. (SSB 5720)
  9. Third reading, passed; yeas, 97; nays, 0; absent, 0; excused, 1. (SSB 5720)
  10. Rules suspended. Placed on Third Reading. (SSB 5720)
  11. Committee amendment(s) adopted as amended. (SSB 5720)
  12. Rules Committee relieved of further consideration. Placed on second reading. (SSB 5720)
  13. Referred to Rules 2 Review. (SSB 5720)
  14. CPB - Majority; do pass with amendment(s) by Consumer Protection & Business. (SSB 5720)
  15. CPB - Executive action taken by committee. (SSB 5720)
  16. First reading, referred to Consumer Protection & Business. (SSB 5720)
  17. Third reading, passed; yeas, 46; nays, 0; absent, 1; excused, 2. (SSB 5720)
  18. Rules suspended. Placed on Third Reading. (SSB 5720)
  19. 1st substitute bill substituted. (SSB 5720)
  20. 1st substitute bill substituted.
  21. Placed on second reading consent calendar. (SSB 5720)
  22. Placed on second reading consent calendar.
  23. Passed to Rules Committee for second reading. (SSB 5720)
  24. Passed to Rules Committee for second reading.
  25. BFGT - Majority; 1st substitute bill be substituted, do pass. (SSB 5720)
  26. BFGT - Majority; 1st substitute bill be substituted, do pass.
  27. First reading, referred to Business, Financial Services, Gaming & Trade.

SB 5720 in other sessions

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

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