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Bill Information > SB 5671
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SB 5671 - 2009-10
Requiring annuities sold in Washington to be suitable to the age and financial situation of the purchaser.
Revised for 1st Substitute: Determining the suitability of annuities sold in Washington.
Sponsors: Berkey, Franklin, Shin, Haugen
By Request: Insurance Commissioner
Companion Bill: HB 1563
Bill History

2009 REGULAR SESSION

Jan 28
First reading, referred to Financial Institutions, Housing & Insurance. (View Original Bill)
Feb 10
Public hearing in the Senate Committee on Financial Institutions, Housing & Insurance at 10:00 AM. (Committee Materials)
Feb 17
Executive action taken in the Senate Committee on Financial Institutions, Housing & Insurance at 10:00 AM. (Committee Materials)
Feb 19
FIHI - Majority; 1st substitute bill be substituted, do pass. (View 1st Substitute) (Majority Report)
Passed to Rules Committee for second reading.
Mar 4
Placed on second reading by Rules Committee.
Mar 6
1st substitute bill substituted (FIHI 09). (View 1st Substitute)
Floor amendment(s) adopted.
Rules suspended. Placed on Third Reading.
Third reading, passed; yeas, 45; nays, 0; absent, 0; excused, 4. (View 1st Engrossed) (View Roll Calls)

IN THE HOUSE

Mar 9
First reading, referred to Financial Institutions & Insurance.
Mar 10
Public hearing and executive action taken in the House Committee on Financial Institutions & Insurance at 9:00 AM. (Committee Materials)
FII - Majority; do pass with amendment(s). (Majority Report)
Mar 12
Passed to Rules Committee for second reading.
Rules Committee relieved of further consideration. Placed on second reading.
Mar 13
Committee amendment adopted with no other amendments.
Rules suspended. Placed on Third Reading.
Third reading, passed; yeas, 92; nays, 0; absent, 0; excused, 5. (View Roll Calls)

IN THE SENATE

Mar 20
Senate concurred in House amendments.
Passed final passage; yeas, 43; nays, 0; absent, 0; excused, 6. (View Roll Calls)
Mar 23
President signed.

IN THE HOUSE

Mar 24
Speaker signed.

OTHER THAN LEGISLATIVE ACTION

Mar 24
Delivered to Governor. (View Bill as Passed Legislature)
Mar 30
Governor signed.
Chapter 18, 2009 Laws. (View Session Law)
Effective date 7/26/2009.
Available Documents
For a complete list of documents, go to Online Reports Text of a Legislative Document.
Fiscal Note
Amendments
Available Videos