- Stage
- Became law
- Started in
- Assembly
- Sponsor
- 1
- Latest action
- Sep 5, 2019
What it does
Existing law creates the Department of Insurance, headed by the Insurance Commissioner, and prescribes the department's powers and duties. Existing law establishes the Office of Principle-Based Reserving within the department and authorizes the commissioner to hire and assign department staff, and to retain actuaries and consultants, to assist with the preparation and implementation of principle-based valuation. Existing law authorizes the commissioner to impose an annual assessment on an insurer, based on the insurer's position in a tiered system relating to the gross annual life insurance premium written by the insurer in California during the immediately preceding year. Existing law…
Where it stands
This bill passed and is now law.
Introduced (Done)
Committee (Done)
Floor (Done)
Law (Done)
What moved
Who is involved
Sponsors
The lawmakers who put their names on it, lead sponsors first.
- Calderon
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.