California 2011-2012 Regular Session Status: Enacted

AB 793 — Insurance producers: reverse mortgages.

Last action — Chaptered by Secretary of State - Chapter 223, Statutes of 2011.

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

This bill has been enacted into law. Introduced February 17, 2011. Enacted.

Prognosis

Likely to advance 70% · moderate confidence

Where this bill stands today.

Odds of enactment

High

How often bills like it became law.

  • Enacted

    Current position in the legislative process.

  • 1 sponsor

    1 primary, 0 co-sponsors signed on.

  • Cleared a recorded vote

    Passed 5 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 provides that all insurers, brokers, agents, and others engaged in the transaction of insurance owe a prospective insured who is 65 years of age or older, a duty of honesty, good faith, and fair dealing. This duty is in addition to any other duty, whether express or implied, that may exist. This bill would prohibit an insurance broker or agent from participating in, being associated with, or employing any party that participates in or is associated with, the origination of a reverse mortgage, except as provided. The bill would also prohibit, with exceptions, individuals transacting insurance from receiving compensation, commission, or direct incentive for providing reverse mortgage borrowers with a noncasualty insurance product that is connected to or a result of the reverse mortgage.

Bill Text

Action History

  1. Chaptered by Secretary of State - Chapter 223, Statutes of 2011.

  2. Approved by the Governor.

  3. Enrolled and presented to the Governor at 11:30 a.m.

  4. In Assembly. Ordered to Engrossing and Enrolling.

  5. Read third time. Passed. Ordered to the Assembly. (Ayes 39. Noes 0. Page 1970.).

  6. Read second time. Ordered to third reading.

  7. From committee: Be placed on second reading file pursuant to Senate Rule 28.8.

  8. From committee: Do pass and re-refer to Com. on APPR. (Ayes 9. Noes 0.) (June 8). Re-referred to Com. on APPR.

  9. Referred to Com. on INS.

  10. In Senate. Read first time. To Com. on RLS. for assignment.

  11. Read third time. Passed. Ordered to the Senate. (Ayes 70. Noes 0. Page 1355.)

  12. Read second time. Ordered to consent calendar.

  13. From committee: Do pass. To consent calendar. (Ayes 17. Noes 0.) (May 4).

  14. From committee: Do pass and re-refer to Com. on APPR. (Ayes 12. Noes 0.) (April 13). Re-referred to Com. on APPR.

  15. Re-referred to Com. on INS.

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

  17. Referred to Com. on INS.

  18. From printer. May be heard in committee March 20.

  19. Read first time. To print.

Sponsors

  • Eng · Primary

Sponsorship breakdown

Export CSV (upgrade) →

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

Sponsors (1)

  • Eng

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

3rd Reading AB793 Eng By Calderon

Passed 39 Yea · 0 Nay · 1 Other
Party YeaNayPresentNot Voting
Unaffiliated 36001
Republican 1000
Democratic 2000
Total 39001
% of votes cast 98%0%0%3%
How each member voted (40)
Member Party Vote
Yee — Yea
Wyland — Yea
Runner — Yea
Hancock — Yea
Hernandez — Yea
Huff — Yea
Lieu — Yea
Walters — Yea
Lowenthal — Yea
Negrete McLeod — Yea
Evans — Yea
Rubio — Yea
Cannella — Yea
Fuller — Yea
De León — Not Voting
Kehoe — Yea
Corbett — Yea
Dutton — Yea
Leno — Yea
Anderson — Yea
Pavley — Yea
Simitian — Yea
Steinberg — Yea
Vargas — Yea
Wright — Yea
Alquist — Yea
Blakeslee — Yea
Harman — Yea
Liu — Yea
Price — Yea
Wolk — Yea
Emmerson — Yea
Correa — Yea
DeSaulnier — Yea
Beth Gaines — Yea
Bill Berryhill — Yea
La Malfa — Yea
Calderon, Lisa Democratic Yea
Padilla, Stephen C. Democratic Yea
Strickland, Tony Republican Yea

Official roll call →

AB 793 ENG Consent Calendar Second Day

Passed 70 Yea · 0 Nay · 10 Other
Party YeaNayPresentNot Voting
Unaffiliated 650010
Democratic 3000
Republican 2000
Total 700010
% of votes cast 88%0%0%13%
How each member voted (80)
Member Party Vote
Hagman — Yea
Feuer — Yea
Butler — Yea
Carter — Yea
Cook — Yea
Olsen — Yea
Davis — Yea
Fuentes — Yea
Galgiani — Yea
Gatto — Yea
Gordon — Yea
Harkey — Yea
Hayashi — Yea
Hill — Yea
John A. Pérez — Yea
Fletcher — Yea
Ammiano — Yea
Blumenfield — Yea
Bradford — Yea
Huber — Yea
Hueso — Yea
Huffman — Yea
Knight — Yea
Logue — Yea
Nestande — Yea
Nielsen — Yea
Norby — Yea
Silva — Yea
Skinner — Yea
Smyth — Yea
Valadao — Yea
Williams — Yea
Halderman — Yea
Hall — Yea
Chesbro — Yea
Dickinson — Yea
Miller — Yea
Pan — Yea
Bonilla — Yea
Atkins — Yea
Beall — Yea
Mendoza — Yea
Monning — Yea
Gorell — Not Voting
Campos — Yea
Portantino — Not Voting
Mitchell — Not Voting
Alejo — Not Voting
Cedillo — Not Voting
Conway — Not Voting
Solorio — Yea
Torres — Not Voting
Achadjian — Yea
Block — Yea
Brownley — Yea
Buchanan — Yea
Jeffries — Yea
Lara — Yea
Ma — Yea
Mansoor — Yea
Morrell — Yea
Perea — Yea
Swanson — Yea
Wagner — Yea
Wieckowski — Yea
Eng — Yea
Donnelly — Yea
Furutani — Yea
Garrick — Not Voting
Yamada — Yea
Beth Gaines — Yea
Bill Berryhill — Yea
Bonnie Lowenthal — Not Voting
Roger Hernández — Not Voting
V. Manuel Pérez — Yea
Allen, Benjamin Democratic Yea
Calderon, Lisa Democratic Yea
Fong, Mike Democratic Yea
Grove, Shannon Republican Yea
Jones, Brian W. Republican Yea

Official roll call →

Do pass, to Consent Calendar.

Passed 17 Yea · 0 Nay
Party YeaNayPresentNot Voting
Unaffiliated 16000
Democratic 1000
Total 17000
% of votes cast 100%0%0%0%
How each member voted (17)
Member Party Vote
Fuentes — Yea
Mitchell — Yea
Campos — Yea
Hall — Yea
Harkey — Yea
Hill — Yea
Lara — Yea
Davis — Yea
Donnelly — Yea
Norby — Yea
Solorio — Yea
Blumenfield — Yea
Bradford — Yea
Nielsen — Yea
Wagner — Yea
Gatto — Yea
Calderon, Lisa Democratic Yea

Official roll call →

Do pass and be re-referred to the Committee on Appropriations.

Passed 12 Yea · 0 Nay
Party YeaNayPresentNot Voting
Unaffiliated 10000
Democratic 1000
Republican 1000
Total 12000
% of votes cast 100%0%0%0%
How each member voted (12)
Member Party Vote
Hagman — Yea
Carter — Yea
Miller — Yea
Olsen — Yea
Torres — Yea
Wieckowski — Yea
Hayashi — Yea
Skinner — Yea
Solorio — Yea
Feuer — Yea
Calderon, Lisa Democratic Yea
Grove, Shannon Republican Yea

Official roll call →

Subjects

finance health-insurance
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 AB 793 do?
Existing law provides that all insurers, brokers, agents, and others engaged in the transaction of insurance owe a prospective insured who is 65 years of age or older, a duty of honesty, good faith, and fair dealing. This duty is in addition to any other duty, whether express or implied, that may exist. This bill would prohibit an insurance broker or agent from participating in, being associated with, or employing any party that participates in or is associated with, the origination of a reverse mortgage, except as provided. The bill would also prohibit, with exceptions, individuals transacting insurance from receiving compensation, commission, or direct incentive for providing reverse mortgage borrowers with a noncasualty insurance product that is connected to or a result of the reverse mortgage.
Who sponsors AB 793?
AB 793 is sponsored by Eng.
What is the current status of AB 793?
This bill has been enacted into law. Introduced February 17, 2011. Enacted.
Where can I track AB 793?
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