AB 409 — California Insurance Guarantee Association: insurer insolvency.
Last action — Chaptered by Secretary of State - Chapter 105, Statutes of 2009.
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✓Introduced
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✓In Committee
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✓Passed Assembly
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✓Passed Senate
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✓To Executive
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6Enacted
This bill has been enacted into law. Introduced February 23, 2009. Enacted.
Prognosis
Where this bill stands today.
Odds of enactment
HighHow often bills like it became law.
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Enacted
Current position in the legislative process.
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1 sponsor
1 primary, 0 co-sponsors signed on.
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Cleared a recorded vote
Passed 4 recorded votes so far.
Prognosis reads this bill's own signals — stage, sponsorship breadth, committee status, recorded votes and cross-state momentum. Odds come from a model trained on which bills have become law.
Summary
Existing law requires the California Insurance Guarantee Association to collect premium payments from member insurers sufficient to cover the obligations of an insurer that has become insolvent. Under existing law, the rate of premium charged a member insurer is a uniform percentage of the net direct written premium of the insurer in the preceding calendar year. Existing law provides that the initial premium charge shall be adjusted by applying the same rate of premium charge as initially used to each insurer's written premium as shown on the annual statement for the 2nd year following the year in which the initial premium charge is made. This bill would, instead, provide that the initial premium charge shall be adjusted by applying the same rate of premium charge as initially used to each insurer's written premium as shown on the annual statement for the 2nd year following the year on which the initial premium charge was based.
Bill Text
- Chaptered 08/06/09 - Chaptered Current pdf August 06, 2009
- Enrolled 06/26/09 - Enrolled pdf June 26, 2009
- Amended 04/01/09 - Amended Assembly pdf April 01, 2009
- Introduced 02/23/09 - Introduced pdf February 23, 2009
- AB409 View text html
Action History
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Chaptered by Secretary of State - Chapter 105, Statutes of 2009.
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Approved by the Governor.
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Enrolled and to the Governor at 2:30 p.m.
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Ordered returned to enrollment.
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Withdrawn from Governor.
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Enrolled and to the Governor at 3 p.m.
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In Assembly. To enrollment.
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Read third time, passed, and to Assembly. (Ayes 40. Noes 0. Page 1428.)
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Read second time. To Consent Calendar.
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From committee: Do pass. To Consent Calendar. (June 17).
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Referred to Com. on B., F. & I.
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In Senate. Read first time. To Com. on RLS. for assignment.
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Read third time, passed, and to Senate. (Ayes 79. Noes 0. Page 1237.)
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Read second time. To Consent Calendar.
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From committee: Do pass. To Consent Calendar. (April 22).
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Re-referred to Com. on INS.
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From committee chair, with author's amendments: Amend, and re-refer to Com. on INS. Read second time and amended.
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Referred to Com. on INS.
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From printer. May be heard in committee March 26.
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Read first time. To print.
Sponsors
- Garrick · Primary
Sponsorship breakdown
Export CSV (upgrade) →1 sponsors · 0 co-sponsors · 121 not signed on
Sponsors (1)
- Garrick
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.
Votes
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Unaffiliated | 38 | 0 | 0 | 0 |
| Democratic | 2 | 0 | 0 | 0 |
| Republican | 1 | 0 | 0 | 0 |
| Total | 41 | 0 | 0 | 0 |
| % of votes cast | 100% | 0% | 0% | 0% |
How each member voted (41)
| Member | Party | Vote |
|---|---|---|
| Yee | — | Yea |
| Cedillo | — | Yea |
| Cogdill | — | Yea |
| Corbett | — | Yea |
| Correa | — | Yea |
| Hancock | — | Yea |
| Harman | — | Yea |
| Hollingsworth | — | Yea |
| Kehoe | — | Yea |
| Leno | — | Yea |
| Liu | — | Yea |
| Lowenthal | — | Yea |
| Negrete | — | Yea |
| Alquist | — | Yea |
| Ashburn | — | Yea |
| Benoit | — | Yea |
| Ducheny | — | Yea |
| Dutton | — | Yea |
| McLeod | — | Yea |
| Runner | — | Yea |
| Simitian | — | Yea |
| Steinberg | — | Yea |
| Wiggins | — | Yea |
| Wolk | — | Yea |
| Wright | — | Yea |
| Oropeza | — | Yea |
| Pavley | — | Yea |
| Price | — | Yea |
| Romero | — | Yea |
| Aanestad | — | Yea |
| Huff | — | Yea |
| Maldonado | — | Yea |
| Walters | — | Yea |
| Wyland | — | Yea |
| Cox | — | Yea |
| DeSaulnier | — | Yea |
| Denham | — | Yea |
| Florez | — | Yea |
| Calderon, Lisa | Democratic | Yea |
| Padilla, Stephen C. | Democratic | Yea |
| Strickland, Tony | Republican | Yea |
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Democratic | 2 | 0 | 0 | 0 |
| Unaffiliated | 9 | 0 | 0 | 1 |
| Total | 11 | 0 | 0 | 1 |
| % of votes cast | 92% | 0% | 0% | 8% |
How each member voted (12)
| Member | Party | Vote |
|---|---|---|
| Lowenthal | — | Yea |
| Runner | — | Yea |
| Cogdill | — | Yea |
| Harman | — | Yea |
| Correa | — | Yea |
| Cox | — | Yea |
| Kehoe | — | Yea |
| Liu | — | Yea |
| Wolk | — | Yea |
| Florez | — | Not Voting |
| Calderon, Lisa | Democratic | Yea |
| Padilla, Stephen C. | Democratic | Yea |
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Unaffiliated | 83 | 0 | 0 | 1 |
| Democratic | 5 | 0 | 0 | 0 |
| Republican | 3 | 0 | 0 | 0 |
| Total | 91 | 0 | 0 | 1 |
| % of votes cast | 99% | 0% | 0% | 1% |
How each member voted (92)
| Member | Party | Vote |
|---|---|---|
| Hagman | — | Yea |
| Hall | — | Yea |
| Carter | — | Yea |
| Chesbro | — | Yea |
| Conway | — | Yea |
| Cook | — | Yea |
| Bill | — | Yea |
| Berryhill | — | Yea |
| Tom | — | Yea |
| Berryhill | — | Yea |
| Eng | — | Yea |
| Evans | — | Yea |
| Fuentes | — | Yea |
| Fuller | — | Yea |
| Charles | — | Yea |
| Galgiani | — | Yea |
| Garrick | — | Yea |
| Gilmore | — | Yea |
| De | — | Yea |
| La | — | Yea |
| Torre | — | Yea |
| De | — | Yea |
| Leon | — | Yea |
| Fletcher | — | Yea |
| Gaines | — | Yea |
| Ammiano | — | Yea |
| Beall | — | Yea |
| Blakeslee | — | Yea |
| Coto | — | Yea |
| Davis | — | Yea |
| Duvall | — | Yea |
| Audra | — | Yea |
| Yamada | — | Yea |
| Huffman | — | Not Voting |
| Bass | — | Yea |
| Solorio | — | Yea |
| Swanson | — | Yea |
| Torres | — | Yea |
| Torrico | — | Yea |
| Tran | — | Yea |
| Villines | — | Yea |
| Adams | — | Yea |
| Anderson | — | Yea |
| Block | — | Yea |
| Blumenfield | — | Yea |
| Brownley | — | Yea |
| Buchanan | — | Yea |
| Hernandez | — | Yea |
| Jeffries | — | Yea |
| Lieu | — | Yea |
| Ma | — | Yea |
| Nava | — | Yea |
| Nielsen | — | Yea |
| Silva | — | Yea |
| Torlakson | — | Yea |
| Harkey | — | Yea |
| Hayashi | — | Yea |
| Hill | — | Yea |
| Huber | — | Yea |
| Knight | — | Yea |
| Krekorian | — | Yea |
| Logue | — | Yea |
| Mendoza | — | Yea |
| Miller | — | Yea |
| Monning | — | Yea |
| Nestande | — | Yea |
| Price | — | Yea |
| Ruskin | — | Yea |
| Skinner | — | Yea |
| Smyth | — | Yea |
| Bonnie | — | Yea |
| V. | — | Yea |
| Manuel | — | Yea |
| Perez | — | Yea |
| John | — | Yea |
| A. | — | Yea |
| Perez | — | Yea |
| Portantino | — | Yea |
| Salas | — | Yea |
| Saldana | — | Yea |
| Emmerson | — | Yea |
| Feuer | — | Yea |
| DeVore | — | Yea |
| Furutani | — | Yea |
| Arambula, Joaquin | Democratic | Yea |
| Caballero, Anna M. | Democratic | Yea |
| Calderon, Lisa | Democratic | Yea |
| Fong, Mike | Democratic | Yea |
| Lowenthal, Josh | Democratic | Yea |
| Jones, Brian W. | Republican | Yea |
| Niello, Roger W. | Republican | Yea |
| Strickland, Tony | Republican | Yea |
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Unaffiliated | 9 | 0 | 0 | 0 |
| Democratic | 1 | 0 | 0 | 0 |
| Republican | 1 | 0 | 0 | 0 |
| Total | 11 | 0 | 0 | 0 |
| % of votes cast | 100% | 0% | 0% | 0% |
How each member voted (11)
| Member | Party | Vote |
|---|---|---|
| Charles | — | Yea |
| Carter | — | Yea |
| Garrick | — | Yea |
| Hayashi | — | Yea |
| Nava | — | Yea |
| Coto | — | Yea |
| Torres | — | Yea |
| Blakeslee | — | Yea |
| Feuer | — | Yea |
| Calderon, Lisa | Democratic | Yea |
| Niello, Roger W. | Republican | Yea |
Subjects
Frequently asked questions
- What does AB 409 do?
- Existing law requires the California Insurance Guarantee Association to collect premium payments from member insurers sufficient to cover the obligations of an insurer that has become insolvent. Under existing law, the rate of premium charged a member insurer is a uniform percentage of the net direct written premium of the insurer in the preceding calendar year. Existing law provides that the initial premium charge shall be adjusted by applying the same rate of premium charge as initially used to each insurer's written premium as shown on the annual statement for the 2nd year following the year in which the initial premium charge is made. This bill would, instead, provide that the initial premium charge shall be adjusted by applying the same rate of premium charge as initially used to each insurer's written premium as shown on the annual statement for the 2nd year following the year on which the initial premium charge was based.
- Who sponsors AB 409?
- AB 409 is sponsored by Garrick.
- What is the current status of AB 409?
- This bill has been enacted into law. Introduced February 23, 2009. Enacted.
- Where can I track AB 409?
- Track AB 409 free on One Click Politics — get push/email alerts when it moves.
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