Stage:Mar 15 - By resolution, reintroduced and retained in present status.

Prime Sponsor: None

Sponsors: None

Summary: Introduced by Rep. Maralyn Chase, (D-Shoreline) (D) on January 30, 2009, prohibits, when annual premiums are in excess of two hundred fifty million dollars, a health care service contractor or a health maintenance organization from accumulating capital and reserves, including risk-based capital (RBC),in excess of two months of claims expense as reported on line 18 of the quarterly statement of revenue and expenses, as existing on the effective date of the act, filed with the insurance commissioner's office.

Bill summary provided by: WashingtonVotes.org

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