California 2023-2024 Regular Session Status: Passed Senate 1 D cosponsors

SB 528 — California Earthquake Authority.

Last action — Referred to Com. on INS.

Track this bill free

No card. One bill, free forever — alerts when it moves.

  1. ✓
    Introduced
  2. ✓
    In Committee
  3. 3
    Passed Senate
  4. 4
    Passed Assembly
  5. 5
    To Executive
  6. 6
    Enacted

This bill died with 2023-2024 Regular Session. It reached “Passed Senate” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.

Summary

Existing law establishes the California Earthquake Authority (CEA) , administered under the authority of the Insurance Commissioner and governed by a 3-member board, to transact insurance in this state as necessary to sell policies of basic residential earthquake insurance. Existing law establishes a capital structure for the CEA, with several sources of financing. Existing law authorizes the CEA, with the Treasurer as its agent, to issue and sell investment grade revenue bonds or issue or secure other debt financing, or both, up to a specified amount, if claims and claim expenses paid following an earthquake event exhaust 4 specified sources of capital. Existing law authorizes the CEA to impose a surcharge on all CEA policies up to a specified amount to secure funds to repay the bonded indebtedness or other debt. Existing law additionally authorizes the CEA to assess participating insurers, up to a specified amount, if claims and claim expenses exhaust the CEA's sources of capital and the policy surcharge. Existing law further authorizes the CEA to assess participating insurance companies up to $1,780,000,000 if claims and claim expenses paid by the CEA due to earthquake events exhaust the 4 specified sources of capital, the policy surcharge, and the participating insurance company assessment, described above. This bill would repeal the $1,780,000,000 assessment authorization and make conforming changes. Existing law requires the CEA to report annually by each August 1 to the Legislature and the commissioner on program operations, including, but not limited to, the financial condition of the authority. Existing law requires the authority, within 120 days following a seismic event and within one year of a major seismic event that results in the payment of claims by the authority, to submit a concise written report of program operations related to that seismic event to the President pro Tempore of the Senate, the Speaker of the Assembly, the Chairpersons of the Senate and Assembly Insurance Committees, the Chairperson of the Senate Committee on Judiciary, and the commissioner. This bill would delete the 120-day reporting requirement as well as the requirement to report to the various officials and committees and incorporate the major seismic event reporting requirement into the annual report due by each August 1 to the Legislature and commissioner.

Bill Text

What changed in the latest version

1 added · 1 removed

1 line(s) added, 1 removed.

→
Previous
Latest
Bill Number Bill Keyword Home Bill Information California Law Publications Other Resources My Subscriptions My Favorites Bill Information >> Bill Search >> Text Bill TextBill Information PDF2 Bill PDF |Add To My Favorites | Version:
Bill Number Bill Keyword Home Bill Information California Law Publications Other Resources My Subscriptions My Favorites Bill Information >> Bill Search >> Text Bill Text PDF2 Bill PDF |Add To My Favorites | Version:
⬇ Download PDF
View plain text versions (2)

Action History

  1. Referred to Com. on INS.

  2. In Assembly. Read first time. Held at Desk.

  3. Read third time. Passed. (Ayes 37. Noes 0. Page 962.) Ordered to the Assembly.

  4. Read second time. Ordered to consent calendar.

  5. From committee: Be ordered to second reading pursuant to Senate Rule 28.8 and ordered to consent calendar.

  6. Set for hearing April 24.

  7. From committee: Do pass and re-refer to Com. on APPR with recommendation: To consent calendar. (Ayes 7. Noes 0. Page 684.) (April 12). Re-referred to Com. on APPR.

  8. Set for hearing April 12.

  9. Referred to Com. on INS.

  10. From printer. May be acted upon on or after March 17.

  11. Introduced. Read first time. To Com. on RLS. for assignment. To print.

Sponsors

Sponsorship breakdown

Export CSV (upgrade) →

1 sponsors · 0 co-sponsors · 121 not signed on

Sponsors (1)

Co-sponsors (0)

None.

Not signed on (121)

121 members have not signed on to this bill.

Show all 121 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Votes

Consent Calendar

Passed 37 Yea · 0 Nay · 3 Other
Party YeaNayPresentNot Voting
Unaffiliated 9002
Democratic 21001
Republican 7000
Total 37003
% of votes cast 93%0%0%8%
How each member voted (40)
Member Party Vote
Roth — Yea
Atkins — Yea
Portantino — Yea
Newman — Yea
Min — Yea
Eggman — Yea
Dodd — Yea
Bradford — Yea
Skinner — Yea
Wilk — Not Voting
Glazer — Not Voting
Allen, Benjamin Democratic Yea
Archuleta, Bob Democratic Yea
Ashby, Angelique V. Democratic Yea
Becker, Josh Democratic Yea
Blakespear, Catherine S. Democratic Not Voting
Caballero, Anna M. Democratic Yea
Cortese, Dave Democratic Yea
Durazo, Maria Elena Democratic Yea
Gonzalez, Lena A. Democratic Yea
Hurtado, Melissa Democratic Yea
Laird, John Democratic Yea
Limón, Monique Democratic Yea
McGuire, Mike Democratic Yea
Menjivar, Caroline Democratic Yea
Nguyen, Stephanie Democratic Yea
Padilla, Stephen C. Democratic Yea
Rubio, Susan Democratic Yea
Smallwood-Cuevas, Lola Democratic Yea
Stern, Henry I. Democratic Yea
Umberg, Thomas J. Democratic Yea
Wahab, Aisha Democratic Yea
Wiener, Scott D. Democratic Yea
Alvarado-Gil, Marie Republican Yea
Dahle, Megan Republican Yea
Grove, Shannon Republican Yea
Jones, Brian W. Republican Yea
Niello, Roger W. Republican Yea
Ochoa Bogh, Rosilicie Republican Yea
Seyarto, Kelly Republican Yea

Official roll call →

Do pass, but first be re-referred to the Committee on [Appropriations] with the recommendation: To Consent Calendar

Passed 7 Yea · 0 Nay
Party YeaNayPresentNot Voting
Democratic 2000
Unaffiliated 2000
Republican 3000
Total 7000
% of votes cast 100%0%0%0%
How each member voted (7)
Member Party Vote
Dodd — Yea
Portantino — Yea
Nguyen, Stephanie Democratic Yea
Rubio, Susan Democratic Yea
Alvarado-Gil, Marie Republican Yea
Jones, Brian W. Republican Yea
Niello, Roger W. Republican Yea

Official roll call →

Subjects

public-safety
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

What does SB 528 do?
Existing law establishes the California Earthquake Authority (CEA) , administered under the authority of the Insurance Commissioner and governed by a 3-member board, to transact insurance in this state as necessary to sell policies of basic residential earthquake insurance. Existing law establishes a capital structure for the CEA, with several sources of financing. Existing law authorizes the CEA, with the Treasurer as its agent, to issue and sell investment grade revenue bonds or issue or secure other debt financing, or both, up to a specified amount, if claims and claim expenses paid following an earthquake event exhaust 4 specified sources of capital. Existing law authorizes the CEA to impose a surcharge on all CEA policies up to a specified amount to secure funds to repay the bonded indebtedness or other debt. Existing law additionally authorizes the CEA to assess participating insurers, up to a specified amount, if claims and claim expenses exhaust the CEA's sources of capital and the policy surcharge. Existing law further authorizes the CEA to assess participating insurance companies up to $1,780,000,000 if claims and claim expenses paid by the CEA due to earthquake events exhaust the 4 specified sources of capital, the policy surcharge, and the participating insurance company assessment, described above. This bill would repeal the $1,780,000,000 assessment authorization and make conforming changes. Existing law requires the CEA to report annually by each August 1 to the Legislature and the commissioner on program operations, including, but not limited to, the financial condition of the authority. Existing law requires the authority, within 120 days following a seismic event and within one year of a major seismic event that results in the payment of claims by the authority, to submit a concise written report of program operations related to that seismic event to the President pro Tempore of the Senate, the Speaker of the Assembly, the Chairpersons of the Senate and Assembly Insurance Committees, the Chairperson of the Senate Committee on Judiciary, and the commissioner. This bill would delete the 120-day reporting requirement as well as the requirement to report to the various officials and committees and incorporate the major seismic event reporting requirement into the annual report due by each August 1 to the Legislature and commissioner.
Who sponsors SB 528?
SB 528 is sponsored by Rubio, Susan (Democratic).
What is the current status of SB 528?
This bill died with 2023-2024 Regular Session. It reached “Passed Senate” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
Where can I track SB 528?
Track SB 528 free on One Click Politics — get push/email alerts when it moves.

Make your voice heard on SB 528

Find the representatives who decide this bill and tell them where you stand — for yourself, or mobilize your whole list in one click with One Click Politics advocacy software.

Find my representatives → Run a campaign

Stay ahead of SB 528

Last checked for changes 3 months ago · updated continuously

One Click Politics tracks every bill in Congress and all 50 states.

Track this bill →