Insurance company model bill voted out of committee

The House Business and Financial Services Committee on Feb. 15 approved SB 6059, with all present committee members voting in favor of its passage. The bill’s prime sponsor is State Sen. Jan Angel (R-26), with State Sen. Mark Mullet (D-5) cosponsoring.

Under the measure, Washington insurance companies would adopt the National Association of Insurance Commissioners’ annual disclosure model. One week earlier, proponents said the measure will allow those companies to receive the accreditation they require for operation, and that the new standards will offer increased protections for Washington consumers.

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