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California 20252026

SB 1209

Insurance: examination of insurers.

Open original source Back to bills
Source: Open States / PluralUpdated 2026-09-12 13:12:55 UTC.

Official record

Measure details

Jurisdiction
California
Session
20252026
Chamber
upper
Classification
bill
Subjects
Insurance, examinationofinsurers
Introduced / first action
2026-02-19 00:00:00

Source-supplied abstracts

Existing law authorizes the Insurance Commissioner to conduct examinations of insurers whenever they deem it appropriate, or for admitted insurers, at least once every 5 years. Existing law requires the examiner in charge to file a verified written report of the examination with the department. Existing law requires the department to transmit that report to the company examined with a notice that the company has 30 days to make a written submission or rebuttal to any matters contained in the report. Existing law requires the commissioner, within 30 days of the end of the period allowed for the company to reply, to fully consider the report and any submissions and either adopt the report as filed, with modifications, or reject the report with an order to reopen the examination. This bill would require an examined company to take corrective actions to remediate violations of specified laws and regulations identified in the report. The bill would require a company that fails to adopt the necessary corrective actions to be subject to a penalty. The bill would authorize the company to request an additional extension to comply in specified circumstances. The bill would require the commissioner, if the commissioner has reason to believe that a company has not complied with a recommendation in the report, to issue and serve an order to show cause on the company with a statement of the charges, its potential liability, and a notice of hearing. If the charges are found to be justified, the bill would require the commissioner to issue an order requiring the company to pay a specified penalty and to comply with and implement the recommendations contained in the report. The bill would require the hearing be held in compliance with the Administrative Procedure Act and would state that these powers would be additional to any other powers currently vested in the commissioner to enforce the provisions of this code.

Sponsors

Source-supplied history

Actions

  1. Enrolled and presented to the Governor at 2 p.m.

    executive-receipt

  2. Assembly amendments concurred in. (Ayes 31. Noes 0.) Ordered to engrossing and enrolling.

    amendment-passage, committee-passage, committee-passage-favorable

  3. In Senate. Concurrence in Assembly amendments pending.

  4. Read third time. Passed. Ordered to the Senate.

    passage, reading-1, reading-3

  5. Read second time. Ordered to third reading.

    reading-1, reading-2, reading-3

  6. From committee: Do pass. (Ayes 12. Noes 2.) (August 5).

    committee-passage, committee-passage-favorable

  7. From committee: Do pass and re-refer to Com. on APPR. (Ayes 15. Noes 1.) (June 17). Re-referred to Com. on APPR.

    committee-passage, committee-passage-favorable, referral-committee

  8. From committee with author's amendments. Read second time and amended. Re-referred to Com. on INS.

    amendment-passage, committee-passage, reading-1, reading-2, referral-committee

  9. Referred to Com. on INS.

    referral-committee

  10. In Assembly. Read first time. Held at Desk.

    reading-1

  11. Read third time. Passed. (Ayes 30. Noes 8. Page 4359.) Ordered to the Assembly.

    passage, reading-1, reading-3

  12. Read second time. Ordered to third reading.

    reading-1, reading-2, reading-3

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

    amendment-passage, reading-1, reading-2

  14. From committee: Do pass as amended. (Ayes 5. Noes 1. Page 4269.) (May 14).

    amendment-passage, committee-passage, committee-passage-favorable

  15. Set for hearing May 14.

  16. May 4 hearing: Placed on APPR. suspense file.

  17. Set for hearing May 4.

  18. From committee: Do pass and re-refer to Com. on APPR. (Ayes 5. Noes 2. Page 4012.) (April 22). Re-referred to Com. on APPR.

    committee-passage, committee-passage-favorable, referral-committee

  19. Set for hearing April 22.

  20. Referred to Com. on INS.

    referral-committee

  21. From printer. May be acted upon on or after March 22.

  22. Introduced. Read first time. To Com. on RLS. for assignment. To print.

    introduction, reading-1, referral-committee

When supplied by the API

Related measures

No resolvable related measure is supplied.