CERTIFICATION OF ENROLLMENT

SUBSTITUTE HOUSE BILL 1661

57th Legislature

2001 Regular Session

Passed by the House March 9, 2001

Yeas 98 Nays 0

Speaker of the House of Representatives

Passed by the Senate April 10, 2001

Yeas 49 Nays 0

President of the Senate

CERTIFICATE

We, Timothy A. Martin and Cynthia Zehnder, Co‑Chief Clerks of the House of Representatives of the State of Washington, do hereby certify that the attached is SUBSTITUTE HOUSE BILL 1661 as passed by the House of Representatives and the Senate on the dates hereon set forth.

Chief Clerk

Approved

Governor of the State of Washington

FILED

Secretary of State

State of Washington

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SUBSTITUTE HOUSE BILL 1661

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Passed Legislature ‑ 2001 Regular Session

State of Washington 57th Legislature 2001 Regular Session

By House Committee on Financial Institutions & Insurance (originally sponsored by Representatives Keiser, Bush, Santos and Miloscia)

READ FIRST TIME 02/20/01.

_1 AN ACT Relating to juvenile life insurance; adding a new

_2 section to chapter 48.23 RCW; and providing an effective date.

_3 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF WASHINGTON:

_4 NEW SECTION. Sec. 1. A new section is added to chapter 48.23

_5 RCW to read as follows:

_6 Life insurers shall develop and implement underwriting

_7 standards and procedures designed to detect and prevent the

_8 purchase of juvenile life insurance for speculative or fraudulent

_9 purposes. These standards and procedures shall be made available

10 for review by the commissioner.

11 Life insurers shall maintain records of underwriting rejections

12 of applications for life insurance on juvenile lives for a period

13 of ten years.

14 NEW SECTION. Sec. 2. This act takes effect August 1, 2001.

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