(1) Existing law prohibits the transaction of any class of insurance in this state without first being admitted for that class of insurance, and admission is secured by procuring a certificate of authority from the Insurance Commissioner. Before granting a certificate of authority to any applicant, the commissioner is required to consider the qualifications of the applicant, including, but not limited to, capital and surplus and lawfulness and quality of investments.
California SB 1216 (20112012) — Reinsurance: professional reinsurers.
(1) Existing law prohibits the transaction of any class of insurance in this state without first being admitted for that class of insurance, and admission is secured by procuring a certificate of authority from the Insurance Commissioner. Before granting a certificate of authority to any applicant, the commissioner is required to consider the qualifications of the applicant, including, but not limited to, capital and surplus and lawfulness and quality of investments.
Version chain
The bill's text revisions, in order — the diff chain from filing to enrollment.
SB 1216 Lowenthal Senate Third Reading By SOLORIO — 78–0 (pass) · lower
Do pass as amended, and re-refer to the Committee on Appropriations. — 8–0 (pass) · upper
Do pass and re-refer to Committee on Appropriations with recommendation: To Consent Calendar. — 13–0 (pass) · lower
3rd Reading — 37–0 (pass) · upper
Do pass. — 17–0 (pass) · lower
Sponsors
Lowenthal — primary (person)
Timeline
The legislative action history — every referral, reading, and vote.
2012-02-22 Introduced. Read first time. To Com. on RLS. for assignment. To print. introduction, reading-1
2012-02-23 From printer. May be acted upon on or after March 24.
2012-03-01 Referred to Com. on INS. referral-committee
2012-03-23 Set for hearing April 11.
2012-03-29 From committee with author's amendments. Read second time and amended. Re-referred to Com. on INS. reading-2, reading-1, committee-passage, amendment-passage, referral-committee
2012-04-04 Set, first hearing. Hearing canceled at the request of author.
2012-04-05 Set for hearing April 25.
2012-04-17 From committee with author's amendments. Read second time and amended. Re-referred to Com. on INS. reading-2, reading-1, committee-passage, amendment-passage, referral-committee
2012-04-26 From committee: Do pass as amended and re-refer to Com. on APPR. (Ayes 8. Noes 0. Page 3308.) (April 25). amendment-passage, committee-passage, committee-passage-favorable
2012-04-30 Read second time and amended. Re-referred to Com. on APPR. reading-2, reading-1, amendment-passage, referral-committee
2012-05-04 Set for hearing May 14.
2012-05-07 From committee with author's amendments. Read second time and amended. Re-referred to Com. on APPR. reading-2, reading-1, committee-passage, amendment-passage, referral-committee
2012-05-15 From committee: Do pass. (Ayes 7. Noes 0. Page 3514.) (May 14). committee-passage, committee-passage-favorable
2012-05-16 Read second time. Ordered to third reading. reading-2, reading-1
2012-05-21 Read third time. Passed. (Ayes 37. Noes 0. Page 3551.) Ordered to the Assembly. reading-3, reading-1, passage
2012-05-21 In Assembly. Read first time. Held at Desk. reading-1
2012-06-04 Referred to Com. on INS. referral-committee
2012-06-20 From committee: Do pass and re-refer to Com. on APPR. with recommendation: To consent calendar. (Ayes 13. Noes 0.) (June 20). Re-referred to Com. on APPR. referral-committee, committee-passage, committee-passage-favorable
2012-08-09 From committee: Do pass. (Ayes 17. Noes 0.) (August 8). committee-passage, committee-passage-favorable
2012-08-13 Read second time. Ordered to third reading. reading-2, reading-1
2012-08-20 Read third time. Passed. (Ayes 78. Noes 0. Page 6018.) Ordered to the Senate. reading-3, reading-1, passage
2012-08-21 In Senate. Ordered to engrossing and enrolling.
2012-08-24 Enrolled and presented to the Governor at 4:30 p.m.
2012-09-07 Approved by the Governor. executive-signature
2012-09-07 Chaptered by Secretary of State. Chapter 277, Statutes of 2012.
Source
OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/5c9de667-e423-467c-8119-34c0a1fa8767. Confidence: reported (aggregated from official California legislature records).