Adjusting a limitation of liability in life insurance policies.

Introduced

In Committee

Floor

Crossed Over

Passed

Enacted

Overview Bill text 1 History 4 Sponsors

Bill — · 892 words Open full page ↗

S-0450.2

SENATE BILL 5495

State of Washington

69th Legislature

2025 Regular Session

By Senators Saldaña, Warnick, Nobles, and Valdez

Read first time 01/27/25. Referred to Committee on Business, Financial Services & Trade.

AN ACT Relating to limitation of liability in life insurance policies; amending RCW 48.23.260 and 48.34.090 ; creating a new section; and providing an effective date.

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

Sec. 1. RCW 48.23.260 and 1947 c 79 s .23.26 are each amended to read as follows:

(1) The insurer may in any life insurance policy or annuity or pure endowment contract limit its liability to a determinable amount not less than the full reserve of the policy and of dividend additions thereto in event only of death occurring:

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PASSAGE PROBABILITY

15.3% Unlikely

Why this number

Stage base In Committee — base rate 41%, measured from WA's completed sessions
Momentum -4 34/100 from the pace of recorded action
Time since last action -22 273 days quiet

A transparent scoring model over stage, momentum, recency, sponsorship and recorded votes — not a trained predictor. Treat it as a way to rank attention, not as a forecast.