California 2009-2010 Regular Session Status: In Committee

AB 784 — Insurance transactions: nonadmitted insurers.

Last action — From committee: Filed with the Chief Clerk pursuant to Joint Rule 56.

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

This bill died with 2009-2010 Regular Session. It reached “In Committee” 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This bill is no longer active — its legislative session has ended, so there is no live prognosis.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 regulates the business of insurance and prohibits persons from transacting any class of insurance within this state without first being admitted for that class and makes a violation of that prohibition a crime. This bill would provide that a nonadmitted insurer that is affiliated with a California domestic insurer shall not be deemed to be transacting insurance in California as long as all California business written by the nonadmitted insurer is transacted by and through a surplus lines broker licensed in California. The bill would also authorize a nonadmitted insurer to receive administrative services rendered in California by its California domestic insurer affiliate or any other affiliate as long as the administrative services do not relate to the placement or transaction of any California risk or constitute management of the nonadmitted insurer. The bill would also permit a nonadmitted insurer and its California domestic affiliate to have common directors and officers as long as the nonadmitted insurer maintains a resident operating manager in its home state, as specified.

Bill Text

Action History

  1. From committee: Filed with the Chief Clerk pursuant to Joint Rule 56.

  2. Died pursuant to Art. IV, Sec. 10(c) of the Constitution.

  3. In committee: Set, first hearing. Hearing canceled at the request of author.

  4. Re-referred to Com. on INS.

  5. From committee chair, with author's amendments: Amend, and re-refer to Com. on INS. Read second time and amended.

  6. Re-referred to Com. on INS.

  7. From committee chair, with author's amendments: Amend, and re-refer to Com. on INS. Read second time and amended.

  8. Referred to Com. on INS.

  9. From printer. May be heard in committee March 29.

  10. Read first time. To print.

Sponsors

Sponsorship breakdown

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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.

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"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.

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Subjects

finance health-insurance
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Frequently asked questions

What does AB 784 do?
Existing law regulates the business of insurance and prohibits persons from transacting any class of insurance within this state without first being admitted for that class and makes a violation of that prohibition a crime. This bill would provide that a nonadmitted insurer that is affiliated with a California domestic insurer shall not be deemed to be transacting insurance in California as long as all California business written by the nonadmitted insurer is transacted by and through a surplus lines broker licensed in California. The bill would also authorize a nonadmitted insurer to receive administrative services rendered in California by its California domestic insurer affiliate or any other affiliate as long as the administrative services do not relate to the placement or transaction of any California risk or constitute management of the nonadmitted insurer. The bill would also permit a nonadmitted insurer and its California domestic affiliate to have common directors and officers as long as the nonadmitted insurer maintains a resident operating manager in its home state, as specified.
Who sponsors AB 784?
AB 784 is sponsored by Beth Gaines.
What is the current status of AB 784?
This bill died with 2009-2010 Regular Session. It reached “In Committee” 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 AB 784?
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Last checked for changes 2 months ago · updated continuously

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