Martin Garrick
- Republican
Author
Existing law requires the California Insurance Guarantee Association to collect premium payments from member insurers sufficient to cover the obligations of an insurer that has become insolvent. Under existing law, the rate of premium charged a member insurer is a uniform percentage of the net direct written premium of the insurer in the preceding calendar year. Existing law provides that the initial premium charge shall be adjusted by applying the same rate of premium charge as initially used to each insurer's written premium as shown on the annual statement for the 2nd year following the year in which the initial premium charge is made. This bill would, instead, provide that the initial premium charge shall be adjusted by applying the same rate of premium charge as initially used to each insurer's written premium as shown on the annual statement for the 2nd year following the year on which the initial premium charge was based.
Chaptered by Secretary of State - Chapter 105, Statutes of 2009.
Approved by the Governor.
Enrolled and to the Governor at 2:30 p.m.
Ordered returned to enrollment.
Withdrawn from Governor.
Enrolled and to the Governor at 3 p.m.
Read third time, passed, and to Assembly. (Ayes 40. Noes 0. Page 1428.)
In Assembly. To enrollment.
Read second time. To Consent Calendar.
From committee: Do pass. To Consent Calendar. (June 17).
In Senate. Read first time. To Com. on RLS. for assignment.
Read third time, passed, and to Senate. (Ayes 79. Noes 0. Page 1237.)
Read second time. To Consent Calendar.
From committee: Do pass. To Consent Calendar. (April 22).
From committee chair, with author's amendments: Amend, and re-refer to Com. on INS. Read second time and amended.
From printer. May be heard in committee March 26.
Read first time. To print.
| Bill Text Versions | Format |
|---|---|
| AB409 | HTML |
| 02/23/09 - Introduced | |
| 04/01/09 - Amended Assembly | |
| 06/26/09 - Enrolled | |
| 08/06/09 - Chaptered |
| Document | Format |
|---|---|
| No related documents. |
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