CERTIFICATION OF ENROLLMENT

ENGROSSED SENATE BILL 6158

Chapter 164, Laws of 2004

58th Legislature
2004 Regular Session



INSURANCE GUARANTEES



EFFECTIVE DATE: 6/10/04

Passed by the Senate March 9, 2004
  YEAS 48   NAYS 0

BRAD OWEN
________________________________________    
President of the Senate
Passed by the House March 3, 2004
  YEAS 96   NAYS 0

FRANK CHOPP
________________________________________    
Speaker of the House of Representatives


 
CERTIFICATE

I, Milton H. Doumit, Jr., Secretary of the Senate of the State of Washington, do hereby certify that the attached is ENGROSSED SENATE BILL 6158 as passed by the Senate and the House of Representatives on the dates hereon set forth.

MILTON H. DOUMIT JR.
________________________________________    
Secretary
Approved March 26, 2004.








GARY F. LOCKE
________________________________________    
Governor of the State of Washington
 
FILED
March 26, 2004 - 3:35 p.m.







Secretary of State
State of Washington


_____________________________________________ 

ENGROSSED SENATE BILL 6158
_____________________________________________

AS AMENDED BY THE HOUSE

Passed Legislature - 2004 Regular Session
State of Washington58th Legislature2004 Regular Session

By Senators Prentice, Benton and Winsley

Read first time 01/14/2004.   Referred to Committee on Financial Services, Insurance & Housing.



     AN ACT Relating to the Washington insurance guarantee association act; and creating a new section.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF WASHINGTON:

NEW SECTION.  Sec. 1   The legislature finds that the consumers who purchase workers' compensation insurance from the private marketplace in Washington are not protected from the insolvency and liquidation of these insurers. The legislature further finds that it is in the best interest of the citizens of this state to provide a mechanism to protect these policyholders from the insolvency of their insurers. The insurance commissioner shall study the impact of covering workers' compensation policies purchased on the commercial market under the Washington guarantee association.
     The insurance commissioner shall study and develop recommendations regarding the following:
     The impact and effectiveness of covering longshore and harbor workers' compensation act insurance, as defined in 33 U.S.C. Sec. 901 et seq., under the Washington guarantee association. In the conduct of this study, the insurance commissioner shall consult with appropriate state agencies; United States longshore and harbor workers' compensation act insurers; insurance carriers; insurance agents and brokers; organized labor; the United States longshore and harbor workers' compensation act assigned risk plan; and maritime employers. The department of labor and industries shall consult with this study on an ex officio basis.
     The insurance commissioner also shall examine the impact of excluding from guarantee protection workers' compensation policies purchased on the commercial market for employments identified in RCW 51.12.020 and the impact of excluding workers' compensation policies purchased by tribal employers and other groups affected by commercial market workers' compensation products.
     The insurance commissioner shall report the results of these studies to the legislature not later than December 1, 2004.


         Passed by the Senate March 9, 2004.
         Passed by the House March 3, 2004.
         Approved by the Governor March 26, 2004.
         Filed in Office of Secretary of State March 26, 2004.