California 2023-2024 Regular Session Status: In Committee 1 R cosponsors

AB 1442 — Insurance: certificate of authority.

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

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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 2023-2024 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This bill is no longer active — its legislative session has ended, so there is no live prognosis.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 prohibits a person from transacting any class of insurance business in this state without first being admitted for that class. Under existing law, admission is secured by procuring a certificate of authority from the Insurance Commissioner. Existing law requires the commissioner, before granting a certificate of authority or amended certificate of authority to any applicant, to consider the qualifications of the applicant, as specified, and to issue a certificate of authority upon consideration of all relevant qualifications, unless the commissioner makes a finding that the applicant is materially deficient in respect to one or more of the specified qualifications. This bill would, on or before September 1, 2024, require the department to provide a report to the Legislature on the number of applicants approved and denied in the preceding 10 years, the reasons for denying the certificates of authority, and recommendations on how to accommodate innovation and allow for more competition in California's insurance market.

Bill Text

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1 line(s) added, 1 removed.

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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. Referred to Com. on INS.

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

  5. 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.

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

Subjects

finance health-insurance
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Frequently asked questions

What does AB 1442 do?
Existing law prohibits a person from transacting any class of insurance business in this state without first being admitted for that class. Under existing law, admission is secured by procuring a certificate of authority from the Insurance Commissioner. Existing law requires the commissioner, before granting a certificate of authority or amended certificate of authority to any applicant, to consider the qualifications of the applicant, as specified, and to issue a certificate of authority upon consideration of all relevant qualifications, unless the commissioner makes a finding that the applicant is materially deficient in respect to one or more of the specified qualifications. This bill would, on or before September 1, 2024, require the department to provide a report to the Legislature on the number of applicants approved and denied in the preceding 10 years, the reasons for denying the certificates of authority, and recommendations on how to accommodate innovation and allow for more competition in California's insurance market.
Who sponsors AB 1442?
AB 1442 is sponsored by Chen, Phillip (Republican).
What is the current status of AB 1442?
This bill died with 2023-2024 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 1442?
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Last checked for changes 3 months ago · updated continuously

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