Notice of Committee Passage for Substitute Senate Bill 5315
Office of the Governor / Office of Financial Management sent this bulletin at 02/17/2021 10:16 PM PST
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SSB 5315, titled AN ACT Relating to captive insurance, has been passed by the Senate Committee on Ways & Means. The Office of Financial Management has identified this bill as requiring a ten-year projection of increased cost to the taxpayers or
affected fee payers.
Ten-year projection:
|
Fiscal |
Captive Insurer registration fee |
Captive Insurer registration renewal fee |
Insurance Premium tax |
Total |
|
|
|
|||||
|
2022 |
$ 127,500 |
$ |
$ 31,740,000 |
$31,867,500 |
|
|
2023 |
0 |
127,500 |
2,200,000 |
$ 2,327,500 |
|
|
2024 |
0 |
127,500 |
2,200,000 |
$ 2,327,500 |
|
|
2025 |
0 |
127,500 |
2,200,000 |
$ 2,327,500 |
|
|
2026 |
0 |
127,500 |
2,200,000 |
$ 2,327,500 |
|
|
2027 |
0 |
127,500 |
2,200,000 |
$ 2,327,500 |
|
|
2028 |
0 |
127,500 |
2,200,000 |
$ 2,327,500 |
|
|
2029 |
0 |
127,500 |
2,200,000 |
$ 2,327,500 |
|
|
2030 |
0 |
127,500 |
2,200,000 |
$ 2,327,500 |
|
|
2031 |
0 |
127,500 |
2,200,000 |
$ 2,327,500 |
|
|
|
|||||
|
Total: |
$ 127,500 |
$ 1,147,500 |
$ 51,540,000 |
$52,815,000 |
|
Ten-year projection prepared in consultation with the following agencies:
Office of Insurance Commissioner
The following legislators voted do pass:
Senator Mark Schoesler
Republican
(360) 786-7620
mark.schoesler@leg.wa.gov
Senator Steve Conway
Democrat
(360) 786-7656
steve.conway@leg.wa.gov
Senator Jim Honeyford
Republican
(360) 786-7684
Jim.Honeyford@leg.wa.gov
Senator Karen Keiser
Democrat
(360) 786-7664
Karen.Keiser@leg.wa.gov
Senator Sam Hunt
Democrat
(360) 786-7642
Sam.Hunt@leg.wa.gov
Senator Jeannie Darneille
Democrat
(360) 786-7652
DARNEILL_JE@leg.wa.gov
Senator Christine Rolfes
Democrat
(360) 786-7644
christine.rolfes@leg.wa.gov
Senator Jamie Pedersen
Democrat
(360) 786-7628
jamie.pedersen@leg.wa.gov
Senator Kevin Van De Wege
Democrat
(360) 786-7646
Kevin.VanDeWege@leg.wa.gov
Senator Judy Warnick
Republican
(360) 786-7624
judith.warnick@leg.wa.gov
Senator Reuven Carlyle
Democrat
(360) 786-7670
Reuven.Carlyle@leg.wa.gov
Senator Ann Rivers
Republican
(360) 786-7634
ann.rivers@leg.wa.gov
Senator David Frockt
Democrat
(360) 786-7690
David.Frockt@leg.wa.gov
Senator Mark Mullet
Democrat
(360) 786-7608
mark.mullet@leg.wa.gov
Senator John Braun
Republican
(360) 786-7638
john.braun@leg.wa.gov
Senator Sharon Brown
Republican
(360) 786-7614
Sharon.Brown@leg.wa.gov
Senator June Robinson
Democrat
(360) 786-7674
june.robinson@leg.wa.gov
Senator Lynda Wilson
Republican
(360) 786-7632
lynda.wilson@leg.wa.gov
Senator Lisa Wellman
Democrat
(360) 786-7641
Lisa.Wellman@leg.wa.gov
Senator Manka Dhingra
Democrat
(360) 786-7672
Manka.Dhingra@leg.wa.gov
Senator Keith Wagoner
Republican
(360) 786-7676
keith.wagoner@leg.wa.gov
Senator Chris Gildon
Republican
(360) 786-7648
GILDON_CH@leg.wa.gov
Senator Ron Muzzall
Republican
(360) 786-7618
MUZZALL_RO@leg.wa.gov
The following legislators voted to refer the bill without recommendation:
Senator Bob Hasegawa
Democrat
(360) 786-7616
bob.hasegawa@leg.wa.gov
Senator Marko Liias
Democrat
(360) 786-7640
Marko.Liias@leg.wa.gov
Legislative Bill Information Website:
http://apps.leg.wa.gov/billinfo/
Initiative 960 Website: http://www.ofm.wa.gov/tax/default.asp