Legislature(2003 - 2004)
04/10/2003 09:05 AM House STA
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* first hearing in first committee of referral
+ teleconferenced
= bill was previously heard/scheduled
+ teleconferenced
= bill was previously heard/scheduled
HB 5-INSURANCE DISCRIMINATION BY CREDIT RATING CHAIR WEYHRAUCH announced that the next order of business was HOUSE BILL NO. 5, "An Act prohibiting discrimination by credit rating or credit scoring in insurance rates; and providing for an effective date." Number 2767 CHAIR WEYHRAUCH announced that before the committee was a proposed committee substitute (CS), Version 23-LS0021\H, Ford, 4/2/03. [No objection was stated, and it was treated as adopted.] Number 2730 REPRESENTATIVE HOLM moved to report CSHB 5 [Version 23-LS0021\H, Ford, 4/2/03] out of committee with individual recommendations and the accompanying fiscal note. There being no objection, CSHB 5(STA) was reported from the House State Affairs Standing Committee. [An amendment was adopted later in the meeting.] HB 5-INSURANCE DISCRIMINATION BY CREDIT RATING CHAIR WEYHRAUCH returned attention to HOUSE BILL NO. 5, "An Act prohibiting discrimination by credit rating or credit scoring in insurance rates; and providing for an effective date." Number 2458 REPRESENTATIVE GRUENBERG explained that he'd been informed of something about the bill that doesn't appear to be true. He referred to the previous hearing [April 5, 2003] and said his concern had been that the Division of Insurance would be able to get the information regarding Fair Isaac's [model] so that it would know internally the basis for the credit scoring; that information would remain confidential. He continued: I was informed that there was a provision in there that dealt with this. And I'm looking at the proposed CS. It's on page 4 and 5. And this was supposed to have been taken off of the version that passed the -- it was Senate Bill 320 that passed the House last time. There were four subsections in that. And the first three subsections are on pages 4 and 5: [Section] 21.39.035 (b)(1), (2), and (3). But there was a fourth that is not in the current version of the bill, and I don't know why. And that would add the phrase: "may be displayed by the insurer that files the information." REPRESENTATIVE GRUENBERG expressed concern because he'd been informed that [the two were] identical. CHAIR WEYHRAUCH said he hadn't noticed that discrepancy. Number 2307 REPRESENTATIVE GRUENBERG moved that the committee rescind its action [in reporting CSHB 5, Version 23-LS0021\H, Ford, 4/2/03, out of committee earlier in the meeting]; that an amendment be adopted to put paragraph (4) in, as previously described; and that CSHB 5 [Version 23-LS0021\H, Ford, 4/2/03, as amended] be reported out of committee [with individual recommendations and the accompanying fiscal note]. There being no objection, the action was rescinded, the amendment was adopted, and CSHB 5(STA) was reported from the House State Affairs Standing Committee.
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