California 2009-2010 Regular Session Status: To Executive

SB 1405 — Life insurance: premium refunds.

Last action — Chaptered by Secretary of State. Chapter 184, Statutes of 2010.

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

This bill died with 2009-2010 Regular Session. It reached “To Executive” 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This bill is no longer active — its legislative session has ended, so there is no live prognosis.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 requires that life insurance policies with a face value of less than $10,000, issued after July 1, 1974, contain a notice permitting the return of the policy within a period of time designated in the notice, which may not be less than 10 or more than 30 days. If the insured cancels the policy within the given time period, all premiums paid and any policy fee paid for the policy are required to be refunded to the owner. Existing law provides that these provisions apply to all policies issued, amended, or delivered on or after January 1, 1981, as specified. This bill would require that the refund be given within 30 days from the date that the insurer is notified that the insured has canceled the policy. The bill would provide that the notice, return, and refund requirements apply to all policies issued, amended, or delivered on or after January 1, 2011, and would require that all policies in effect on January 1, 2011, be construed to be in compliance with those provisions.

Bill Text

Action History

  1. Chaptered by Secretary of State. Chapter 184, Statutes of 2010.

  2. Approved by Governor.

  3. Enrolled. To Governor at 3 p.m.

  4. Senate concurs in Assembly amendments. (Ayes 34. Noes 0. Page 4409.) To enrollment.

  5. To Special Consent Calendar.

  6. In Senate. To unfinished business.

  7. Read third time. Passed. (Ayes 76. Noes 0. Page 6006.) To Senate.

  8. Read second time. To Consent Calendar.

  9. Read second time. Amended. To second reading.

  10. (Heard in committee on June 23.)

  11. From committee: Do pass as amended. To Consent Calendar. (Ayes 12. Noes 0.)

  12. To Com. on INS.

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

  14. Read third time. Passed. (Ayes 33. Noes 0. Page 3378.) To Assembly.

  15. Read second time. To Consent Calendar.

  16. From committee: Do pass. To Consent Calendar. (Ayes 9. Noes 0. Page 3292.)

  17. Set for hearing April 21.

  18. To Com. on B., F. & I.

  19. From print. May be acted upon on or after March 23.

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

Sponsors

  • Finance and Insurance Committee on Banking · Primary

Sponsorship breakdown

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

Sponsors (1)

  • Committee on Banking, Finance and Insurance

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

Special Consent #30 SB1405 Committee on B.,F.& I. (Calderon)

Passed 35 Yea · 0 Nay · 4 Other
Party YeaNayPresentNot Voting
Unaffiliated 33003
Republican 1000
Democratic 1001
Total 35004
% of votes cast 90%0%0%10%
How each member voted (39)
Member Party Vote
Yee — Yea
Cedillo — Yea
Cogdill — Yea
Ducheny — Yea
Florez — Yea
Hancock — Yea
Hollingsworth — Yea
Huff — Yea
Leno — Yea
Liu — Yea
Wyland — Yea
Lowenthal — Yea
Negrete — Yea
Runner — Yea
Dutton — Yea
McLeod — Yea
Oropeza — Not Voting
Alquist — Yea
Ashburn — Yea
Price — Yea
Romero — Yea
Simitian — Yea
Walters — Not Voting
Wiggins — Not Voting
Wright — Yea
Aanestad — Yea
Harman — Yea
Kehoe — Yea
Pavley — Yea
Steinberg — Yea
Wolk — Yea
Corbett — Yea
Emmerson — Yea
Correa — Yea
DeSaulnier — Yea
Denham — Yea
Calderon, Lisa Democratic Not Voting
Padilla, Stephen C. Democratic Yea
Strickland, Tony Republican Yea

Official roll call →

SB 1405 B.,F.& I. Consent Calendar Second Day Regular Session

Passed 88 Yea · 0 Nay · 3 Other
Party YeaNayPresentNot Voting
Unaffiliated 83002
Democratic 2001
Republican 3000
Total 88003
% of votes cast 97%0%0%3%
How each member voted (91)
Member Party Vote
Lieu — Yea
Carter — Yea
Chesbro — Yea
Conway — Yea
Cook — Yea
Bill — Yea
Tom — Yea
Evans — Yea
Fuentes — Yea
Fuller — Yea
Furutani — Yea
Garrick — Yea
Gilmore — Yea
Charles — Yea
Hagman — Yea
Hall — Yea
Harkey — Yea
Hayashi — Yea
Hill — Yea
Huber — Yea
De — Yea
La — Yea
Torre — Yea
De — Yea
Leon — Yea
Jeffries — Yea
Fletcher — Yea
Fong — Yea
Anderson — Yea
Bass — Yea
Blakeslee — Yea
Coto — Yea
Bonnie — Yea
Lowenthal — Yea
V. — Yea
Manuel — Yea
Perez — Yea
Portantino — Yea
Salas — Yea
Saldana — Yea
Audra — Yea
John — Yea
A. — Yea
Perez — Yea
Logue — Yea
Mendoza — Yea
Miller — Yea
Monning — Yea
Nestande — Yea
Yamada — Yea
Norby — Not Voting
Ruskin — Yea
Skinner — Yea
Smyth — Yea
Swanson — Yea
Torlakson — Yea
Torrico — Yea
Tran — Yea
Adams — Yea
Ammiano — Yea
Beall — Yea
Block — Yea
Blumenfield — Yea
Bradford — Yea
Brownley — Yea
Buchanan — Yea
Hernandez — Yea
Huffman — Yea
Knight — Yea
Ma — Yea
Nava — Yea
Nielsen — Not Voting
Silva — Yea
Solorio — Yea
Torres — Yea
Villines — Yea
Eng — Yea
Feuer — Yea
Davis — Yea
DeVore — Yea
Galgiani — Yea
Gatto — Yea
Beth Gaines — Yea
Bill Berryhill — Yea
Bill Berryhill — Yea
Arambula, Joaquin Democratic Yea
Caballero, Anna M. Democratic Not Voting
Calderon, Lisa Democratic Yea
Jones, Brian W. Republican Yea
Niello, Roger W. Republican Yea
Strickland, Tony Republican Yea

Official roll call →

Do pass as amended, to Consent Calendar.

Passed 13 Yea · 0 Nay
Party YeaNayPresentNot Voting
Unaffiliated 10000
Democratic 2000
Republican 1000
Total 13000
% of votes cast 100%0%0%0%
How each member voted (13)
Member Party Vote
Carter — Yea
Charles — Yea
Salas — Yea
Hagman — Yea
Hayashi — Yea
Solorio — Yea
Anderson — Yea
Torres — Yea
Feuer — Yea
Beth Gaines — Yea
Caballero, Anna M. Democratic Yea
Calderon, Lisa Democratic Yea
Niello, Roger W. Republican Yea

Official roll call →

Consent Calendar 2nd SB1405 Committee on B.,F.& I. (Calderon)

Passed 34 Yea · 0 Nay · 5 Other
Party YeaNayPresentNot Voting
Unaffiliated 32004
Democratic 2000
Republican 0001
Total 34005
% of votes cast 87%0%0%13%
How each member voted (39)
Member Party Vote
Yee — Not Voting
Wyland — Yea
Cedillo — Yea
Florez — Yea
Hancock — Yea
Harman — Yea
Huff — Yea
Kehoe — Yea
Lowenthal — Yea
Negrete — Yea
Runner — Yea
Ducheny — Yea
Liu — Yea
McLeod — Yea
Oropeza — Yea
Pavley — Yea
Price — Yea
Ashburn — Yea
Dutton — Yea
Simitian — Yea
Walters — Yea
Wiggins — Not Voting
Wright — Yea
Aanestad — Yea
Alquist — Yea
Hollingsworth — Yea
Leno — Yea
Romero — Not Voting
Steinberg — Yea
Wolk — Yea
Cogdill — Yea
Corbett — Yea
Correa — Yea
Cox — Yea
DeSaulnier — Yea
Denham — Not Voting
Calderon, Lisa Democratic Yea
Padilla, Stephen C. Democratic Yea
Strickland, Tony Republican Not Voting

Official roll call →

Subjects

finance health-insurance
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Frequently asked questions

What does SB 1405 do?
Existing law requires that life insurance policies with a face value of less than $10,000, issued after July 1, 1974, contain a notice permitting the return of the policy within a period of time designated in the notice, which may not be less than 10 or more than 30 days. If the insured cancels the policy within the given time period, all premiums paid and any policy fee paid for the policy are required to be refunded to the owner. Existing law provides that these provisions apply to all policies issued, amended, or delivered on or after January 1, 1981, as specified. This bill would require that the refund be given within 30 days from the date that the insurer is notified that the insured has canceled the policy. The bill would provide that the notice, return, and refund requirements apply to all policies issued, amended, or delivered on or after January 1, 2011, and would require that all policies in effect on January 1, 2011, be construed to be in compliance with those provisions.
Who sponsors SB 1405?
SB 1405 is sponsored by Committee on Banking, Finance and Insurance.
What is the current status of SB 1405?
This bill died with 2009-2010 Regular Session. It reached “To Executive” 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 1405?
Track SB 1405 free on One Click Politics — get push/email alerts when it moves.

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Last checked for changes 3 months ago · updated continuously

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