Fabio
78 lines
4.5 KiB
Markdown
78 lines
4.5 KiB
Markdown
---
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type: "Bill"
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title: "Reserve requirements."
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description: "Existing law requires the Insurance Commissioner to promulgate regulations for the computation of the amount of reserves to be maintained by each insurer transacting business in this state. Under existing law, the minimum reserve requirement prescribed by the commissioner pursuant to those regulations cannot be less than 60% of certain liability insurers' earned premiums during each year less the amount already paid for related incidental losses and expenses, as specified."
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jurisdiction: "us/states/ca"
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legislature: "California Legislature"
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session: "20092010"
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identifier: "AB 2002"
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citation: "California AB 2002 (20092010)"
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classification: ["bill"]
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subjects: ["Reserve requirements."]
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status: "enacted"
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primary_sponsors: ["Huffman"]
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version_count: 4
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action_count: 15
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vote_count: 4
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first_action: "2010-02-17"
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last_action: "2010-07-09"
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source: "openstates"
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source_identifier: "ocd-bill/39702eda-3e77-4f89-8397-1e69e617fdf8"
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source_url: "http://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=200920100AB2002"
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source_hash: "5843aa52c5c69be490ca8671ec106724ffe5c7c0fda8b1475670cb7be393b00b"
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vintage: "2026-07-01"
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source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
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retrieved_at: "2026-07-06"
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confidence: "reported"
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tags: ["legislation", "bill", "us-ca"]
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---
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# California AB 2002 (20092010) — Reserve requirements.
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Existing law requires the Insurance Commissioner to promulgate regulations for the computation of the amount of reserves to be maintained by each insurer transacting business in this state. Under existing law, the minimum reserve requirement prescribed by the commissioner pursuant to those regulations cannot be less than 60% of certain liability insurers' earned premiums during each year less the amount already paid for related incidental losses and expenses, as specified.
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## Version chain
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The bill's text revisions, in order — the diff chain from filing to enrollment.
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1. **02/17/10 - Introduced** (filed) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=200920100AB2002&version=20090AB200299INT)
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2. **07/09/10 - Chaptered** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=200920100AB2002&version=20090AB200297CHP)
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3. **AB2002** (committee substitute) — [source](http://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=200920100AB2002)
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4. **06/25/10 - Enrolled** (enrolled) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=200920100AB2002&version=20090AB200298ENR)
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## Votes
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- Do pass and be placed on the Consent Calendar. — **pass** (pass) · upper
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- Consent Calendar 2nd AB2002 Huffman — **pass** (pass) · upper
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- AB 2002 HUFFMAN Consent Calendar Second Day Regular Session — **pass** (pass) · lower
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- Do pass, to Consent Calendar. — **pass** (pass) · lower
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## Sponsors
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- Huffman — primary (person)
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## Timeline
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The legislative action history — every referral, reading, and vote.
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- **2010-02-17** Read first time. To print. `reading-1`
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- **2010-02-18** From printer. May be heard in committee March 20.
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- **2010-03-04** Referred to Com. on INS. `referral-committee`
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- **2010-04-07** From committee: Do pass. To Consent Calendar. (April 7). `committee-passage-favorable, committee-passage`
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- **2010-04-08** Read second time. To Consent Calendar. `reading-2, reading-1`
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- **2010-04-15** Read third time, passed, and to Senate. (Ayes 70. Noes 0. Page 4688.) `reading-3, passage, reading-1`
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- **2010-04-15** In Senate. Read first time. To Com. on RLS. for assignment. `reading-1`
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- **2010-04-29** Referred to Com. on B., F. & I. `referral-committee`
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- **2010-06-17** From committee: Do pass. To Consent Calendar. (June 16). `committee-passage-favorable, committee-passage`
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- **2010-06-21** Read second time. To Consent Calendar. `reading-2, reading-1`
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- **2010-06-24** Read third time, passed, and to Assembly. (Ayes 31. Noes 0. Page 4057.) `reading-3, passage, reading-1`
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- **2010-06-24** In Assembly. To enrollment.
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- **2010-06-30** Enrolled and to the Governor at 11:15 a.m.
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- **2010-07-09** Approved by the Governor. `executive-signature`
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- **2010-07-09** Chaptered by Secretary of State - Chapter 61, Statutes of 2010.
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## Source
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OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/39702eda-3e77-4f89-8397-1e69e617fdf8`. Confidence: reported (aggregated from official California legislature records).
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