Jose Solorio
- Democratic
Author
Existing law limits the ability of a surplus line broker to place any coverage with a nonadmitted insurer, as specified. This bill would revise and recast the provisions governing surplus line brokers and nonadmitted insurers to make them consistent with the federal Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (Dodd-Frank) , including, but not limited to, the duties, responsibilities, and licensure of surplus line brokers, taxation of surplus line insurance, and the eligibility of nonadmitted insurers to do business in this state. Certain provisions of the act would become operative on July 21, 2011. The bill would require that new or renewal policies, cancellations, or endorsements, and installment premiums be classified as provided for the purposes of addressing the requirements of Dodd-Frank, and these provisions would be inoperative as of October 18, 2012. The bill would also make conforming changes. This bill would declare that it is to take effect immediately as an urgency statute.
Chaptered by Secretary of State - Chapter 83, Statutes of 2011.
Approved by the Governor.
Enrolled and presented to the Governor at 12:45 p.m.
In Assembly. Ordered to Engrossing and Enrolling.
Read third time. Urgency clause adopted. Passed. Ordered to the Assembly. (Ayes 33. Noes 0. Page 1685.).
Read second time. Ordered to third reading.
From committee: Do pass. (Ayes 8. Noes 0.) (June 27).
From committee: Do pass and re-refer to Com. on APPR. (Ayes 9. Noes 0.) (June 8). Re-referred to Com. on APPR.
Read third time. Urgency clause adopted. Passed. Ordered to the Senate. (Ayes 78. Noes 0. Page 1444.).
In Senate. Read first time. To Com. on RLS. for assignment.
Read second time. Ordered to third reading.
From committee: Do pass. (Ayes 16. Noes 0.) (May 11).
From committee chair, with author's amendments: Amend, and re-refer to Com. on APPR. Read second time and amended.
From committee: Do pass and re-refer to Com. on APPR. with recommendation: to consent calendar. (Ayes 12. Noes 0.) (April 13). Re-referred to Com. on APPR.
From committee chair, with author's amendments: Amend, and re-refer to Com. on INS. Read second time and amended.
In committee: Set, first hearing. Hearing canceled at the request of author.
From printer. May be heard in committee March 12.
Read first time. To print.
| Bill Text Versions | Format |
|---|---|
| AB315 | HTML |
| 02/09/11 - Introduced | |
| 04/07/11 - Amended Assembly | |
| 05/05/11 - Amended Assembly | |
| 07/06/11 - Enrolled | |
| 07/15/11 - Chaptered |
| Document | Format |
|---|---|
| No related documents. |
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