California 2021-2022 Regular Session Status: In Committee

AB 1694 — Insurance: investment disclosures.

Last action — Re-referred to Com. on INS.

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  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 2021-2022 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This bill is no longer active — its legislative session has ended, so there is no live prognosis.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 creates the Department of Insurance, headed by the Insurance Commissioner, which regulates insurers and insurance practices. Existing law authorizes domestic incorporated insurers to invest their assets in specified securities or loans upon those securities. Existing law requires admitted insurers with annual premiums written in California equal to or in excess of $100,000 to provide information to the commissioner on their community development investments, community development infrastructure investments, and green investments in California. This bill would require an admitted insurer, on or before January 1, 2024, and on or before each January 1 thereafter, to disclose its investments in fossil fuel-related entities and the fossil fuel companies and projects it underwrites or otherwise insures. The bill would require the department to publish that information on its internet website on or before April 1, 2024, and on or before each April 1 thereafter.

Bill Text

Action History

  1. Re-referred to Com. on INS.

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

  3. Referred to Com. on INS.

  4. From printer. May be heard in committee February 25.

  5. Read first time. To print.

Sponsors

  • Levine · Primary

Sponsorship breakdown

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

Sponsors (1)

  • Levine

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 1694 do?
Existing law creates the Department of Insurance, headed by the Insurance Commissioner, which regulates insurers and insurance practices. Existing law authorizes domestic incorporated insurers to invest their assets in specified securities or loans upon those securities. Existing law requires admitted insurers with annual premiums written in California equal to or in excess of $100,000 to provide information to the commissioner on their community development investments, community development infrastructure investments, and green investments in California. This bill would require an admitted insurer, on or before January 1, 2024, and on or before each January 1 thereafter, to disclose its investments in fossil fuel-related entities and the fossil fuel companies and projects it underwrites or otherwise insures. The bill would require the department to publish that information on its internet website on or before April 1, 2024, and on or before each April 1 thereafter.
Who sponsors AB 1694?
AB 1694 is sponsored by Levine.
What is the current status of AB 1694?
This bill died with 2021-2022 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 1694?
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Last checked for changes 3 months ago · updated continuously

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