California Insurance Guarantee Association: insurer insolvency.
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.
us/states/ca
California Legislature
20092010
AB 409
California AB 409 (20092010)
bill
California Insurance Guarantee Association: insurer insolvency.
California AB 409 (20092010) — California Insurance Guarantee Association: insurer insolvency.
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.
Version chain
The bill's text revisions, in order — the diff chain from filing to enrollment.
The legislative action history — every referral, reading, and vote.
2009-02-23 Read first time. To print. reading-1
2009-02-24 From printer. May be heard in committee March 26.
2009-03-09 Referred to Com. on INS. referral-committee
2009-04-01 From committee chair, with author's amendments: Amend, and re-refer to Com. on INS. Read second time and amended. amendment-introduction, reading-2, amendment-passage, reading-1
2009-04-02 Re-referred to Com. on INS. referral-committee
2009-04-22 From committee: Do pass. To Consent Calendar. (April 22). committee-passage-favorable, committee-passage
2009-04-23 Read second time. To Consent Calendar. reading-2, reading-1
2009-05-04 Read third time, passed, and to Senate. (Ayes 79. Noes 0. Page 1237.) reading-3, passage, reading-1
2009-05-04 In Senate. Read first time. To Com. on RLS. for assignment. reading-1
2009-05-14 Referred to Com. on B., F. & I. referral-committee
2009-06-18 From committee: Do pass. To Consent Calendar. (June 17). committee-passage-favorable, committee-passage
2009-06-22 Read second time. To Consent Calendar. reading-2, reading-1
2009-06-24 Read third time, passed, and to Assembly. (Ayes 40. Noes 0. Page 1428.) reading-3, passage, reading-1
2009-06-24 In Assembly. To enrollment.
2009-06-30 Enrolled and to the Governor at 3 p.m.
2009-07-01 Withdrawn from Governor.
2009-07-01 Ordered returned to enrollment.
2009-07-30 Enrolled and to the Governor at 2:30 p.m.
2009-08-05 Approved by the Governor. executive-signature
2009-08-06 Chaptered by Secretary of State - Chapter 105, Statutes of 2009.
Source
OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/5fb56f99-5160-4f97-ae54-bf242e52cc1d. Confidence: reported (aggregated from official California legislature records).