Washington 2021-2022 Regular Session Status: Enacted 1 R cosponsors

SB 5315 — Concerning captive insurance.

Last action — Effective date 5/12/2021.

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  1. ✓
    Introduced
  2. ✓
    In Committee
  3. ✓
    Passed Senate
  4. ✓
    Passed House
  5. ✓
    To Executive
  6. 6
    Enacted

This bill has been enacted into law. Introduced January 21, 2021. Enacted.

Prognosis

Likely to advance 74% · moderate confidence

Where this bill stands today.

Odds of enactment

High

How often bills like it became law.

  • Enacted

    Current position in the legislative process.

  • 2 sponsors

    1 primary, 1 co-sponsors signed on.

  • Single-party support

    Sponsorship is currently within one party (1 R).

  • Cleared a recorded vote

    Passed 2 recorded votes so far.

Prognosis reads this bill's own signals — stage, sponsorship breadth, committee status, recorded votes and cross-state momentum. Odds come from a model trained on which bills have become law.

Bill Text

What changed in the latest version

195 added · 199 removed

Plain-language change summary

The amendment to Bill SB 5315 introduces new provisions that grant the state commissioner additional enforcement powers to ensure compliance among eligible captive insurers. Specifically, it allows the commissioner to investigate, issue subpoenas, and impose penalties on insurers that violate the law. This is important because it holds captive insurers accountable, ensuring they adhere to state regulations, thereby protecting consumers and maintaining the integrity of the insurance market. Additionally, the bill clarifies the penalties for insurers that fail to register, treating them as unlawful, which strengthens regulatory oversight.

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S-0674.1 SUBSTITUTE SENATE BILL 5315 State of Washington 67th Legislature 2021 Regular Session By Senate Business, Financial Services & Trade (originally sponsored by Senators Mullet and Dozier) READ FIRST TIME 01/29/21.
S-0518.1 SENATE BILL 5315 State of Washington 67th Legislature 2021 Regular Session By Senators Mullet and Dozier AN ACT Relating to captive insurance;
AN ACT Relating to captive insurance;
1 SSB 5315 NEW SECTION.
1 SB 5315 NEW SECTION.
2 SSB 5315 (2) The commissioner will approve an eligible captive insurer's registration if the commissioner determines that the eligible captive insurer has sufficiently demonstrated:
2 SB 5315 (2) The commissioner will approve an eligible captive insurer's registration if the commissioner determines that the eligible captive insurer has sufficiently demonstrated:
3 SSB 5315 state, based on where the underlying risks are located or where the losses or injuries giving rise to covered claims arise.
3 SB 5315 state, based on where the underlying risks are located or where the losses or injuries giving rise to covered claims arise.
(7) Taxes on premiums may not be imposed on or collected from an eligible captive insurer affiliated with a public institution of higher education.
This includes, but is not limited to, the commissioner's administrative authority to investigate, issue p.
This includes, but is not limited to, the commissioner's administrative authority to investigate, issue subpoenas, conduct depositions and hearings, issue orders, impose penalties, and seek injunctive relief.
4 SSB 5315 subpoenas, conduct depositions and hearings, issue orders, impose penalties, and seek injunctive relief.
With regard to any investigation, administrative proceedings, or litigation, the p.
With regard to any investigation, administrative proceedings, or litigation, the commissioner can rely on the procedural law and regulations of the state.
4 SB 5315 commissioner can rely on the procedural law and regulations of the state.
(2)(a) The taxes imposed in this section do not apply to amounts received by any life and disability insurer for health care services included within the definition of practice of dentistry under RCW p.
(2)(a) The taxes imposed in this section do not apply to amounts received by any life and disability insurer for health care services included within the definition of practice of dentistry under RCW 18.32.020 except amounts received for pediatric oral services that qualify as coverage for the minimum essential coverage requirement under P.L.
5 SSB 5315 18.32.020 except amounts received for pediatric oral services that qualify as coverage for the minimum essential coverage requirement under P.L.
111-148 (2010), as amended, and for stand-alone family p.
111-148 (2010), as amended, and for stand-alone family dental plans as defined in RCW 43.71.080(4)(a), only when offered in the individual market, as defined in RCW 48.43.005(((27))), or to a small group, as defined in RCW 48.43.005(((33))).
5 SB 5315 dental plans as defined in RCW 43.71.080(4)(a), only when offered in the individual market, as defined in RCW 48.43.005(((27))), or to a small group, as defined in RCW 48.43.005(((33))).
p.
(5) The state does hereby preempt the field of imposing excise or privilege taxes upon insurers or their appointed insurance producers, other than title insurers, and no county, city, town or other p.
6 SSB 5315 (5) The state does hereby preempt the field of imposing excise or privilege taxes upon insurers or their appointed insurance producers, other than title insurers, and no county, city, town or other municipal subdivision shall have the right to impose any such taxes upon such insurers or these insurance producers.
6 SB 5315 municipal subdivision shall have the right to impose any such taxes upon such insurers or these insurance producers.
(5) Insurance on risks or property resident, situated, or to be performed in this state, or health coverage for the provision of health care services for residents of this state, is considered to be insurance procured, continued, renewed, or performed in this state, p.
(5) Insurance on risks or property resident, situated, or to be performed in this state, or health coverage for the provision of health care services for residents of this state, is considered to be insurance procured, continued, renewed, or performed in this state, regardless of the location from which the application is made, the negotiations are conducted, or the premiums are remitted.
7 SSB 5315 regardless of the location from which the application is made, the negotiations are conducted, or the premiums are remitted.
p.
(6) Premiums on risks or exposures that are properly allocated to federal waters or international waters or under the jurisdiction of a foreign government are not taxable by this state.
7 SB 5315 (6) Premiums on risks or exposures that are properly allocated to federal waters or international waters or under the jurisdiction of a foreign government are not taxable by this state.
(1) The provisions of this chapter controlling the placing of insurance with unauthorized insurers shall not apply to reinsurance , to insurance issued by a registered eligible captive insurer under chapter 48.--- RCW (the new chapter created in section 12 of this act), or to the following insurances when so placed by licensed insurance producers of this state:
(1) The provisions of this chapter controlling the placing of insurance with unauthorized insurers shall not apply to reinsurance, to insurance issued by a registered eligible captive insurer under chapter 48.--- RCW (the new chapter created in section 12 of this act), or to the following insurances when so placed by licensed insurance producers of this state:
The insurance producer shall furnish to the p.
The insurance producer shall furnish to the commissioner at the commissioner's request and on forms as designated p.
8 SSB 5315 commissioner at the commissioner's request and on forms as designated and furnished by him or her a report of all such coverages so placed in a designated calendar year.
8 SB 5315 and furnished by him or her a report of all such coverages so placed in a designated calendar year.
((This)) (1) Except as otherwise provided in this section, this chapter ((shall)) does not apply to any person in respect to insurance business upon which a tax based on gross premiums is paid to the state((:
((This)) (1) Except as otherwise provided in this section, this chapter ((shall)) does not apply to any person in respect to insurance business upon which a tax based on gross premiums is paid to the state ((:
(4) For purposes of this section, for periods preceding the effective date of this section, eligible captive insurers as defined in section 2 of this act are deemed, in respect to their insurance business, to have paid a tax on gross premiums to the state.
(4) For purposes of this section, for periods preceding the effective date of this section, eligible captive insurers as defined in section 2 of this act are deemed to be persons in respect to insurance business that have paid a tax on gross premiums to the state.
9 SSB 5315 NEW SECTION.
9 SB 5315 NEW SECTION.
10 SSB 5315
10 SB 5315
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Action History

  1. Effective date 5/12/2021.

  2. Chapter 281, 2021 Laws.

  3. Governor signed.

  4. Delivered to Governor.

  5. Speaker signed.

  6. President signed.

  7. Third reading, passed; yeas, 96; nays, 1; absent, 0; excused, 1.

  8. Rules suspended. Placed on Third Reading.

  9. Rules Committee relieved of further consideration. Placed on second reading.

  10. Referred to Rules 2 Review.

  11. Scheduled for public hearing in the House Committee on Finance at 08:00 AM

  12. Minority; without recommendation.

  13. FIN - Majority; do pass.

  14. Executive action taken in the House Committee on Finance at 8:00 AM.

  15. Scheduled for public hearing in the House Committee on Finance at 08:00 AM

  16. Public hearing in the House Committee on Finance at 8:00 AM.

  17. Referred to Finance.

  18. Scheduled for public hearing in the House Committee on Consumer Protection & Business at 08:00 AM

  19. CPB - Majority; do pass.

  20. Executive action taken in the House Committee on Consumer Protection & Business at 8:00 AM.

  21. Scheduled for public hearing in the House Committee on Consumer Protection & Business at 01:30 PM

  22. Public hearing in the House Committee on Consumer Protection & Business at 1:30 PM.

  23. First reading, referred to Consumer Protection & Business.

  24. Third reading, passed; yeas, 49; nays, 0; absent, 0; excused, 0.

  25. Rules suspended. Placed on Third Reading.

  26. 2nd substitute bill substituted (WM 21).

  27. Placed on second reading by Rules Committee.

  28. Passed to Rules Committee for second reading.

  29. Scheduled for public hearing in the Senate Committee on Ways & Means at 04:00 PM

  30. Minority; without recommendation.

  31. WM - Majority; 2nd substitute bill be substituted, do pass.

  32. Executive action taken in the Senate Committee on Ways & Means at 4:00 PM.

  33. Scheduled for public hearing in the Senate Committee on Ways & Means at 04:00 PM

  34. Public hearing in the Senate Committee on Ways & Means at 4:00 PM.

  35. Referred to Ways & Means.

  36. Scheduled for public hearing in the Senate Committee on Business, Financial Services & Trade at 08:00 AM

  37. And refer to Ways & Means.

  38. BFST - Majority; 1st substitute bill be substituted, do pass.

  39. Executive action taken in the Senate Committee on Business, Financial Services & Trade at 8:00 AM.

  40. Scheduled for public hearing in the Senate Committee on Business, Financial Services & Trade at 08:00 AM

  41. Public hearing in the Senate Committee on Business, Financial Services & Trade at 8:00 AM.

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

Sponsors

Sponsorship breakdown

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1 sponsors · 1 co-sponsors · 149 not signed on · 1 voted No

Sponsors (1)

  • Mullet

Co-sponsors (1)

Not signed on (149)

149 members have not signed on to this bill.

Show all 149 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Votes

3rd Reading & Final Passage (#7)

Passed 96 Yea · 1 Nay · 1 Other
Party YeaNayPresentNot Voting
Republican 26000
Democrat 47100
Unaffiliated 23001
Total 96101
% of votes cast 98%1%0%1%
How each member voted (98)
Member Party Vote
Chambers — Yea
Chandler — Yea
Chopp — Yea
Cody — Yea
Dolan — Yea
Gilday — Yea
Harris-Talley — Yea
Hoff — Yea
Kirby — Yea
Klippert — Yea
Kraft — Yea
Kretz — Yea
Maycumber — Yea
McCaslin — Yea
Mosbrucker — Yea
Robertson — Yea
Sells — Yea
Sullivan — Yea
Sutherland — Yea
Vick — Yea
Wicks — Yea
Wilcox — Yea
Young — Yea
Johnson, J. — Not Voting
Alex Ramel Democrat Yea
Alicia Rule Democrat Yea
Amy Walen Democrat Yea
April Berg Democrat Yea
Bill Ramos Democrat Yea
Cindy Ryu Democrat Yea
Dan Bronoske Democrat Yea
Dave Paul Democrat Nay
David Hackney Democrat Yea
Davina Duerr Democrat Yea
Debra Entenman Democrat Yea
Debra Lekanoff Democrat Yea
Drew Hansen Democrat Yea
Gerry Pollet Democrat Yea
Jake Fey Democrat Yea
Jamila Taylor Democrat Yea
Javier Valdez Democrat Yea
Jessica Bateman Democrat Yea
Joe Fitzgibbon Democrat Yea
John Lovick Democrat Yea
Larry Springer Democrat Yea
Lauren Davis Democrat Yea
Laurie Jinkins Democrat Yea
Lillian Ortiz-Self Democrat Yea
Lisa Callan Democrat Yea
Liz Berry Democrat Yea
Marcus Riccelli Democrat Yea
Mari Leavitt Democrat Yea
Melanie Morgan Democrat Yea
Mia Gregerson Democrat Yea
Mike Chapman Democrat Yea
Monica Jurado Stonier Democrat Yea
My-Linh Thai Democrat Yea
Nicole Macri Democrat Yea
Noel Frame Democrat Yea
Roger Goodman Democrat Yea
Sharon Shewmake Democrat Yea
Sharon Tomiko Santos Democrat Yea
Sharon Wylie Democrat Yea
Shelley Kloba Democrat Yea
Steve Bergquist Democrat Yea
Steve Tharinger Democrat Yea
Strom Peterson Democrat Yea
Tana Senn Democrat Yea
Tarra Simmons Democrat Yea
Timm Ormsby Democrat Yea
Tina Orwall Democrat Yea
Vandana Slatter Democrat Yea
Alex Ybarra Republican Yea
Andrew Barkis Republican Yea
Carolyn Eslick Republican Yea
Chris Corry Republican Yea
Cyndy Jacobsen Republican Yea
Dan Griffey Republican Yea
Drew MacEwen Republican Yea
Drew Stokesbary Republican Yea
Ed Orcutt Republican Yea
Jenny Graham Republican Yea
Jeremie Dufault Republican Yea
Jim Walsh Republican Yea
Joe Schmick Republican Yea
Joel McEntire Republican Yea
Keith Goehner Republican Yea
Mark Klicker Republican Yea
Mary Dye Republican Yea
Matt Boehnke Republican Yea
Michelle Valdez Republican Yea
Mike Steele Republican Yea
Mike Volz Republican Yea
Paul Harris Republican Yea
Peter Abbarno Republican Yea
Rob Chase Republican Yea
Skyler Rude Republican Yea
Tom Dent Republican Yea

Official roll call →

3rd Reading & Final Passage (#16)

Passed 49 Yea · 0 Nay
Party YeaNayPresentNot Voting
Unaffiliated 20000
Republican 13000
Democrat 16000
Total 49000
% of votes cast 100%0%0%0%
How each member voted (49)
Member Party Vote
Billig — Yea
Brown — Yea
Carlyle — Yea
Darneille — Yea
Das — Yea
Ericksen — Yea
Frockt — Yea
Hawkins — Yea
Hobbs — Yea
Honeyford — Yea
Keiser — Yea
Kuderer — Yea
Mullet — Yea
Padden — Yea
Randall — Yea
Rivers — Yea
Rolfes — Yea
Sheldon — Yea
Van De Wege — Yea
Wilson, L. — Yea
Annette Cleveland Democrat Yea
Bob Hasegawa Democrat Yea
Claire Wilson Democrat Yea
Derek Stanford Democrat Yea
Jamie Pedersen Democrat Yea
Jesse Salomon Democrat Yea
Joe Nguyen Democrat Yea
June Robinson Democrat Yea
Lisa Wellman Democrat Yea
Liz Lovelett Democrat Yea
Manka Dhingra Democrat Yea
Marko Liias Democrat Yea
Rebecca Saldaña Democrat Yea
Steve Conway Democrat Yea
T'wina Nobles Democrat Yea
Victoria Hunt Democrat Yea
Chris Gildon Republican Yea
Curtis King Republican Yea
Jeff Holy Republican Yea
Jeff Wilson Republican Yea
Jim McCune Republican Yea
John Braun Republican Yea
Judy Warnick Republican Yea
Keith Wagoner Republican Yea
Mark Schoesler Republican Yea
Perry Dozier Republican Yea
Phil Fortunato Republican Yea
Ron Muzzall Republican Yea
Shelly Short Republican Yea

Official roll call →

Subjects

taxation finance
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

Who sponsors SB 5315?
SB 5315 is sponsored by Perry Dozier (Republican) and Mullet.
What is the current status of SB 5315?
This bill has been enacted into law. Introduced January 21, 2021. Enacted.
Where can I track SB 5315?
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