California 2013-2014 Regular Session Status: Enacted

AB 2230 — Insurance: Workers' Comp Bond Fund: assessments.

Last action — Chaptered by Secretary of State - Chapter 76, Statutes of 2014.

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  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 20, 2014. 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 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 creates the California Insurance Guarantee Association (CIGA) and requires all insurers admitted to transact insurance in this state to become members. CIGA is required to collect premium payments from members to discharge its obligations to cover claims of an insolvent insurer. Existing law provides that CIGA shall be a party in interest in all proceedings involving a covered claim, and has all of the rights an insolvent insurer would have if the insurer was not in liquidation. CIGA is required to allocate its claim payments and costs based on categories of insurance, including, but not limited to, workers' compensation claims and homeowners' claims. The premium payments from each category are separate and required to be used to pay the claims and costs allocated to that category. Existing law provides that the premium charged to a member insurer for any of the categories of insurance is 1% of the net direct written premium, as defined, written in the category by the member per year. Existing law authorizes CIGA to request the issuance of bonds by the California Infrastructure and Economic Development Bank to pay for covered claims that arise as a result of the insolvency of workers' compensation insurers. Proceeds from the sale of the bonds are deposited in the Workers' Comp Bond Fund, and CIGA distributes this money to pay covered claims. Principal and interest on the bonds are paid from special bond assessments levied by CIGA on workers' compensation insurers, as provided. This bill would, commencing January 1, 2015, provide that the premium charged to a member insurer for a category of insurance would be 2% of the net direct written premium, unless there are outstanding bonds, as specified, in which case the premium would not exceed 1% of the net direct written premium for any category of insurance for which the bond proceeds are being used to pay claims and expenses. The bill would prohibit, once all the bonds issued pursuant to these provisions are redeemed, further initial special bond assessments from being levied or made. The bill would require that any premium adjustments applicable to the special bond assessments continue to be made and determined, and that any credits or charges that result from the premium adjustments be credited or charged to the workers' compensation assessments that the insurers are otherwise required to pay CIGA.

Bill Text

Action History

  1. Chaptered by Secretary of State - Chapter 76, Statutes of 2014.

  2. Approved by the Governor.

  3. Enrolled and presented to the Governor at 11:45 a.m.

  4. In Assembly. Ordered to Engrossing and Enrolling.

  5. Read third time. Passed. Ordered to the Assembly. (Ayes 34. Noes 0. Page 4021.).

  6. Read second time. Ordered to third reading.

  7. From committee: Do pass. (Ayes 10. Noes 0.) (June 11).

  8. Referred to Com. on INS.

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

  10. Read third time. Passed. Ordered to the Senate. (Ayes 71. Noes 1. Page 4713.)

  11. Read second time. Ordered to third reading.

  12. Read second time and amended. Ordered to second reading.

  13. From committee: Do pass as amended. (Ayes 13. Noes 0.) (April 23).

  14. Re-referred to Com. on INS.

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

  16. Referred to Com. on INS.

  17. From printer. May be heard in committee March 23.

  18. Read first time. To print.

Sponsors

  • Cooley · Primary

Sponsorship breakdown

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

Sponsors (1)

  • Cooley

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 AB2230 Cooley By Roth

Passed 34 Yea · 0 Nay · 6 Other
Party YeaNayPresentNot Voting
Unaffiliated 32005
Democratic 2001
Total 34006
% of votes cast 85%0%0%15%
How each member voted (40)
Member Party Vote
Anderson — Yea
Block — Not Voting
Hill — Yea
Hueso — Yea
Leno — Yea
Morrell — Yea
Pavley — Yea
Steinberg — Yea
Vidak — Yea
DeSaulnier — Yea
Fuller — Yea
Hernandez — Yea
Huff — Yea
Lara — Yea
Lieu — Yea
Liu — Yea
Nielsen — Yea
Torres — Yea
Walters — Yea
Mitchell — Yea
De León — Yea
Beall — Yea
Wright — Not Voting
Wyland — Yea
Cannella — Yea
Hancock — Yea
Corbett — Yea
Knight — Yea
Monning — Yea
Roth — Yea
Wolk — Yea
Correa — Not Voting
Evans — Yea
Galgiani — Yea
Yee — Not Voting
Beth Gaines — Not Voting
Bill Berryhill — Yea
Calderon, Lisa Democratic Not Voting
Jackson, Corey A. Democratic Yea
Padilla, Stephen C. Democratic Yea

Official roll call →

Do pass.

Passed 10 Yea · 0 Nay · 1 Other
Party YeaNayPresentNot Voting
Unaffiliated 10001
Total 10001
% of votes cast 91%0%0%9%
How each member voted (11)
Member Party Vote
Nielsen — Yea
Vidak — Yea
Correa — Yea
Corbett — Yea
Mitchell — Yea
Lieu — Not Voting
Monning — Yea
Roth — Yea
Torres — Yea
DeSaulnier — Yea
Beth Gaines — Yea

Official roll call →

AB 2230 COOLEY Assembly Third Reading

Passed 71 Yea · 1 Nay · 7 Other
Party YeaNayPresentNot Voting
Unaffiliated 64107
Democratic 4000
Republican 3000
Total 71107
% of votes cast 90%1%0%9%
How each member voted (79)
Member Party Vote
Achadjian — Yea
Alejo — Yea
Bigelow — Yea
Bloom — Yea
Bradford — Yea
Buchanan — Yea
Holden — Yea
Linder — Yea
Logue — Yea
Maienschein — Yea
Mansoor — Not Voting
Nazarian — Yea
Nestande — Yea
Perea — Yea
Rodriguez — Yea
Skinner — Yea
Ting — Yea
Wagner — Yea
Wilk — Yea
Chau — Yea
Chesbro — Yea
Conway — Yea
Allen — Yea
Lowenthal — Yea
Ridley-Thomas — Yea
Garcia — Yea
Waldron — Yea
Gray — Yea
Atkins — Yea
Gomez — Yea
Fong — Yea
Campos — Yea
Cooley — Yea
Bonilla — Yea
Harkey — Yea
Jones-Sawyer — Yea
Levine — Yea
Bocanegra — Yea
Medina — Yea
John A. Pérez — Yea
Ammiano — Yea
Dababneh — Yea
Dickinson — Yea
Eggman — Yea
Melendez — Yea
Mullin — Yea
Olsen — Yea
Pan — Yea
Quirk — Yea
Rendon — Yea
Weber — Yea
Wieckowski — Yea
Williams — Yea
Chávez — Nay
Hall — Not Voting
Salas — Not Voting
Brown — Not Voting
Donnelly — Not Voting
Daly — Yea
Fox — Not Voting
Frazier — Yea
Gatto — Yea
Yamada — Yea
Gordon — Yea
Gorell — Yea
Hagman — Yea
Beth Gaines — Yea
Jim Patterson — Not Voting
Lorena Gonzalez — Yea
Mark Stone — Yea
Roger Hernández — Yea
V. Manuel Pérez — Yea
Bonta, Mia Democratic Yea
Calderon, Lisa Democratic Yea
Muratsuchi, Al Democratic Yea
Quirk-Silva, Sharon Democratic Yea
Dahle, Megan Republican Yea
Grove, Shannon Republican Yea
Jones, Brian W. Republican Yea

Official roll call →

Subjects

finance labor 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 2230 do?
Existing law creates the California Insurance Guarantee Association (CIGA) and requires all insurers admitted to transact insurance in this state to become members. CIGA is required to collect premium payments from members to discharge its obligations to cover claims of an insolvent insurer. Existing law provides that CIGA shall be a party in interest in all proceedings involving a covered claim, and has all of the rights an insolvent insurer would have if the insurer was not in liquidation. CIGA is required to allocate its claim payments and costs based on categories of insurance, including, but not limited to, workers' compensation claims and homeowners' claims. The premium payments from each category are separate and required to be used to pay the claims and costs allocated to that category. Existing law provides that the premium charged to a member insurer for any of the categories of insurance is 1% of the net direct written premium, as defined, written in the category by the member per year. Existing law authorizes CIGA to request the issuance of bonds by the California Infrastructure and Economic Development Bank to pay for covered claims that arise as a result of the insolvency of workers' compensation insurers. Proceeds from the sale of the bonds are deposited in the Workers' Comp Bond Fund, and CIGA distributes this money to pay covered claims. Principal and interest on the bonds are paid from special bond assessments levied by CIGA on workers' compensation insurers, as provided. This bill would, commencing January 1, 2015, provide that the premium charged to a member insurer for a category of insurance would be 2% of the net direct written premium, unless there are outstanding bonds, as specified, in which case the premium would not exceed 1% of the net direct written premium for any category of insurance for which the bond proceeds are being used to pay claims and expenses. The bill would prohibit, once all the bonds issued pursuant to these provisions are redeemed, further initial special bond assessments from being levied or made. The bill would require that any premium adjustments applicable to the special bond assessments continue to be made and determined, and that any credits or charges that result from the premium adjustments be credited or charged to the workers' compensation assessments that the insurers are otherwise required to pay CIGA.
Who sponsors AB 2230?
AB 2230 is sponsored by Cooley.
What is the current status of AB 2230?
This bill has been enacted into law. Introduced February 20, 2014. Enacted.
Where can I track AB 2230?
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