CERTIFICATION OF ENROLLMENT

SUBSTITUTE HOUSE BILL 1661

Chapter 197, Laws of 2001

57th Legislature

2001 Regular Session

JUVENILE LIFE INSURANCE

                     EFFECTIVE DATE:  8/1/01

Passed by the House March 9, 2001   Yeas 98   Nays 0 FRANK CHOPP Speaker of the House of Representatives CLYDE BALLARD Speaker of the House of Representatives Passed by the Senate April 10, 2001   Yeas 49   Nays 0 BRAD OWEN 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. TIMOTHY A. MARTIN Chief Clerk CYNTHIA ZEHNDER Chief Clerk
Approved May 7, 2001 GARY LOCKE Governor of the State of Washington	FILED May 7, 2001 ‑ 1:39 p.m. 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. 

Regulating juvenile life insurance.    

    AN ACT Relating to juvenile life insurance; adding a new section to chapter 48.23 RCW; and providing an effective date.

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

NEW SECTION. Sec. 1.  A new section is added to chapter 48.23 RCW to read as follows:

    Life insurers shall develop and implement underwriting standards and procedures designed to detect and prevent the purchase of juvenile life insurance for speculative or fraudulent purposes.  These standards and procedures shall be made available for review by the commissioner.

    Life insurers shall maintain records of underwriting rejections of applications for life insurance on juvenile lives for a period of ten years.

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

    Passed the House March 9, 2001.

    Passed the Senate April 10, 2001.

Approved by the Governor May 7, 2001.

    Filed in Office of Secretary of State May 7, 2001.