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Life insurance and annuities.

It became law on Sep 25, 2012.

CA SB 1449 · Senate Bill · 2011–2012

Stage
Became law
Started in
Senate
Sponsor
1
Latest action
Sep 25, 2012

What it does

Existing law governs the business of insurance and defines various types of insurance for these purposes, including life insurance, and disability insurance. Existing law generally makes the requirements imposed on disability insurance contracts inapplicable to life insurance, endowment, and annuity contracts, or supplemental contracts thereto, that provide additional benefits in case of death or dismemberment or loss of sight by accident, operate to safeguard contracts against lapse, or give a special surrender value, a special benefit, or an annuity, if the insured or annuitant becomes totally and permanently disabled.

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Where it stands

This bill passed and is now law.

  1. Introduced (Done)

  2. Committee (Done)

  3. Floor (Done)

  4. Law (Done)

    Sep 25, 2012

What moved

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Who is involved

Sponsors

The lawmakers who put their names on it, lead sponsors first.

  • CalderonLead sponsor

In the news

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Where it goes next

Once a bill is decided, the questions are about what is done with it in California.

Work with this bill

Life insurance and annuities. | 52