SB 1206 — Insurance: omnibus.

Summary

Insurance: omnibus.

Bill Text

• Chaptered 09/27/26 - Chaptered html September 27, 2026
• Enrolled 09/01/26 - Enrolled html September 01, 2026
• Amended 08/21/26 - Amended Assembly html August 21, 2026
• Amended 06/09/26 - Amended Assembly Current pdf June 09, 2026
• Amended 04/09/26 - Amended Senate pdf April 09, 2026
• Amended 03/25/26 - Amended Senate pdf March 25, 2026
• Introduced 02/19/26 - Introduced pdf February 19, 2026
• SB1206 View text html

AI-generated reading aid from the bill's amendatory text — verify against the official bill.

This bill amends 2 section(s) of the California codes: Section 12928.7 of the Insurance Code; Section 15029 of the Insurance Code.

• Section 12928.7 of the Insurance Code

  acts or at the time an initial pleading seeking restitution is issued. → SEC. 30.1. Section 12928.7 of the Insurance Code is amended to read: acts. (k) This section shall remain in effect only until January 1, 2028, and as of that date is repealed. SEC. 30.2. Section 12928.7 is added to the Insurance Code, to read: 12928.7. (a) The commissioner may order a respondent to provide restitution for a loss arising from the respondent’s conduct. If the facts and equity permit, with a restitution order, the commissioner may issue an order of rescission enforceable on any person subject to the commissioner’s jurisdiction.(b) A restitution order under this section shall meet all of the following requirements:(1) The respondent shall be subject to the commissioner’s jurisdiction.(2) The restitution order shall be ancillary to another proceeding authorized by this code in which the commissioner does both of the following:(A) Determines the respondent violated this code or the standards of conduct applicable to persons acting in the capacity the respondent was acting in or purporting to act in when the loss occurred.(B) Issues an order imposing a cease and desist order, an order for a monetary penalty, or another sanction with respect to the respondent’s conduct.(3) The restitution order shall cite the factual basis for the restitution order.(4) The restitution order shall state the persons, or classes of persons, who suffered a loss.(5) The restitution order shall state the amount to be paid or property to be returned as restitution.(c) A rescission or restitution order shall be subject to judicial review in the same manner and at the same time as the order to which it is ancillary.(d) A rescission or restitution order may be judicially enforced in an action brought by the commissioner, the Attorney General, a district attorney, a city attorney, or any person owed restitution pursuant to the order. In that action, the court may award attorney’s fees and court costs to a prevailing plaintiff.(e) Except as provided in Section 790.035, this section does not apply to an insurer authorized to transact business in this state or to a placement of insurance with an insurer that was in compliance with Section 1765.1 or 1765.2 at the time of the placement. Except as provided in Section 790.035, this section does not apply to a person with respect to acts within the scope of a license issued under Chapter 5 (commencing with Section 1621), Chapter 5A (commencing with Section 1759), or Chapter 6 (commencing with Section 1760) of Part 2 of Division 1 if the person holds that license at the time of those acts.(f) The commissioner may order a respondent who is ordered to provide restitution pursuant to this section to reimburse the commissioner for the commissioner’s costs of implementing and enforcing this section, including attorney’s fees. The commissioner shall not credit any funds received from a respondent towards payment of a monetary penalty until restitution has been tendered to all persons to whom restitution is owed, or to the commissioner on their behalf, as required by a restitution order.(g) This section does not limit or restrict actions, remedies, or procedures otherwise available to the commissioner, the department, or any person pursuant to an administrative or civil action to enforce any law. It is not a defense in an administrative or civil action that the commissioner did not order a person to pay restitution.(h) This section does not expand, limit, or otherwise affect the commissioner’s authority to seek or to have sought restitution, refunds, or penalties against insurers, except as expressly provided.(i) As used in this section, “restitution” means the full amount that will compensate each person for their direct and indirect financial and nonfinancial losses proximately caused by the respondent’s violations.(j) Money received by the commissioner for distribution to persons as restitution pursuant to this section or Section 12928.6 or 12976 shall be deposited into the Insurance Fund.(k) This section sh

  amended

• Section 15029 of the Insurance Code

  SEC. 34. → SEC. 34. SEC. 35.

  amended

Action History

1. September 08, 2026

   Enrolled and presented to the Governor at 4 p.m.

2. August 30, 2026

   Assembly amendments concurred in. (Ayes 40. Noes 0.) Ordered to engrossing and enrolling.

3. August 30, 2026

   Ordered to special consent calendar.

4. August 27, 2026

   In Senate. Concurrence in Assembly amendments pending.

5. August 27, 2026

   Read third time. Passed. Ordered to the Senate.

6. August 21, 2026

   Ordered to third reading.

7. August 21, 2026

   Read third time and amended.

8. August 21, 2026

   Assembly Rule 69(b)(1) suspended. (Ayes 55. Noes 17. Page 6296.)

9. August 06, 2026

   Ordered to third reading.

10. August 06, 2026

    From consent calendar on motion of Assembly Member Aguiar-Curry.

11. August 06, 2026

    Read second time. Ordered to consent calendar.

12. August 05, 2026

    From committee: Do pass. Ordered to consent calendar. (Ayes 15. Noes 0.) (August 5).

13. June 23, 2026

    From committee: Do pass and re-refer to Com. on APPR. with recommendation: To consent calendar. (Ayes 17. Noes 0.) (June 17). Re-referred to Com. on APPR.

14. June 09, 2026

    From committee with author's amendments. Read second time and amended. Re-referred to Com. on INS.

15. May 26, 2026

    Referred to Com. on INS.

16. May 14, 2026

    In Assembly. Read first time. Held at Desk.

17. May 14, 2026

    Read third time. Passed. (Ayes 35. Noes 0. Page 4214.) Ordered to the Assembly.

18. May 12, 2026

    Read second time. Ordered to consent calendar.

19. May 11, 2026

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

20. May 04, 2026

    Set for hearing May 11.

21. April 23, 2026

    Re-referred to Com. on APPR.

22. April 23, 2026

    Withdrawn from committee.

23. April 23, 2026

    From committee: Do pass and re-refer to Com. on JUD. with recommendation: To consent calendar. (Ayes 7. Noes 0. Page 4012.) (April 22). Re-referred to Com. on JUD.

24. April 10, 2026

    Set for hearing April 22.

25. April 09, 2026

    From committee with author's amendments. Read second time and amended. Re-referred to Com. on INS.

26. April 08, 2026

    Re-referred to Coms. on INS. and JUD.

27. March 25, 2026

    From committee with author's amendments. Read second time and amended. Re-referred to Com. on RLS.

28. March 04, 2026

    Referred to Com. on RLS.

29. February 20, 2026

    From printer. May be acted upon on or after March 22.

30. February 19, 2026

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

Sponsors

• Committee on Insurance · Primary

Votes

Subjects