SHB 1257 -
By Committee on Financial Institutions, Housing & Insurance
NOT ADOPTED 04/11/2011
On page 3, line 29, after "(1)" strike "Minimum" and insert "The minimum"
On page 3, line 29, after "benchmark" insert "shall be used only as authorized in this chapter in the regulation of insurer investments"
On page 4, line 4, after "section" insert "only for the purpose of regulating insurer investments"
EFFECT: Clarifies that the minimum financial security benchmark is only to be used for the regulation of insurer investments.