(1) Existing law governs the business of insurance and authorizes the Insurance Commissioner to provide oversight over the insurance industry, including conducting investigations and bringing enforcement actions. Existing law provides that any officer, director, or employee of an insurance holding company who willfully and knowingly subscribes to, makes, or causes to be made materially false statements, reports, or filings, as specified, that involves the deliberate perpetration of a fraud upon the commissioner is guilty of a misdemeanor or a felony.
(1) Existing law governs the business of insurance and authorizes the Insurance Commissioner to provide oversight over the insurance industry, including conducting investigations and bringing enforcement actions. Existing law provides that any officer, director, or employee of an insurance holding company who willfully and knowingly subscribes to, makes, or causes to be made materially false statements, reports, or filings, as specified, that involves the deliberate perpetration of a fraud upon the commissioner is guilty of a misdemeanor or a felony.
Version chain
The bill's text revisions, in order — the diff chain from filing to enrollment.
Do pass as amended, and re-refer to the Committee on Appropriations. — 8–0 (pass) · upper
Unfinished Business SB1448 Calderon Concurrence — 37–0 (pass) · upper
SB 1448 Calderon Senate Third Reading By SOLORIO — 78–0 (pass) · lower
Do pass as amended and be re-referred to the Committee on Appropriations. — 8–3 (pass) · lower
Special Consent #11 — 39–0 (pass) · upper
Do pass. — 17–0 (pass) · lower
Sponsors
Calderon — primary (person)
Timeline
The legislative action history — every referral, reading, and vote.
2012-02-24 Introduced. To Com. on RLS. for assignment. To print. introduction
2012-02-25 From printer. May be acted upon on or after March 26.
2012-02-27 Read first time. reading-1
2012-03-22 Referred to Com. on INS. referral-committee
2012-04-05 Set for hearing April 25.
2012-04-16 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
2012-04-30 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
2012-05-01 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.
2012-05-15 From committee: Be placed on second reading file pursuant to Senate Rule 28.8. committee-passage
2012-05-16 Read second time. Ordered to third reading. reading-2, reading-1
2012-05-23 Ordered to special consent calendar.
2012-05-29 Read third time. Passed. (Ayes 39. Noes 0. Page 3667.) Ordered to the Assembly. reading-3, reading-1, passage
2012-05-30 In Assembly. Read first time. Held at Desk. reading-1
2012-06-07 Referred to Com. on INS. referral-committee
2012-06-11 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
2012-06-26 From committee: Do pass as amended and re-refer to Com. on APPR. (Ayes 8. Noes 3.) (June 20). amendment-passage, committee-passage, committee-passage-favorable
2012-06-27 Read second time and amended. Re-referred to Com. on APPR. reading-2, reading-1, amendment-passage, referral-committee
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 6021.) Ordered to the Senate. reading-3, reading-1, passage
2012-08-21 In Senate. Concurrence in Assembly amendments pending.
2012-08-22 Assembly amendments concurred in. (Ayes 37. Noes 0. Page 4680.) Ordered to engrossing and enrolling. committee-passage-favorable, amendment-passage
2012-08-28 Enrolled and presented to the Governor at 4 p.m.
2012-09-07 Approved by the Governor. executive-signature
2012-09-07 Chaptered by Secretary of State. Chapter 282, Statutes of 2012.
Source
OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/42e3dfeb-96aa-4f32-814b-50833603da95. Confidence: reported (aggregated from official California legislature records).