5334-S AMH DUNS LONG 224

SSB 5334 - H AMD to FIN COMM AMD (H3155.1) 525 FAILED 4-11-97

By Representative Dunshee

     On page 2, after line 29, insert:

     "NEW SECTION. Sec. 3.  A new section is added to chapter 48.32 RCW to read as follows:

     The commissioner shall keep a running total of credits granted under RCW 48.32.145 and 48.32A.090 during each calendar year.  The commissioner shall not allow the aggregate amount of credits taken under those sections by all insurers to exceed seven million dollars during any calendar year.  Credits denied under this section may not be carried forward to future years."

     Renumber sections consecutively, correct any internal references accordingly, and correct the title.

EFFECT: Limits total credits to no more than $7 million per year.