republic-os/legislation/us/states/ca/20112012/sb-599.md

---
type: "Bill"
title: "Life insurance: retained-asset account."
description: "Existing law provides that life insurance may be made payable, among other things, on the death of the insured, on his or her surviving for a specified period of time, or periodically as long as he or she lives."
jurisdiction: "us/states/ca"
legislature: "California Legislature"
session: "20112012"
identifier: "SB 599"
citation: "California SB 599 (20112012)"
classification: ["bill"]
subjects: ["Life insurance: retained-asset account."]
status: "enacted"
primary_sponsors: ["Kehoe"]
version_count: 10
action_count: 35
vote_count: 7
first_action: "2011-02-17"
last_action: "2011-10-02"
source: "openstates"
source_identifier: "ocd-bill/f61c86ec-c67e-4560-a036-b208c2a2fa38"
source_url: "http://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=201120120SB599"
source_hash: "af2135ed70dc8a9d09d34456a26d5e5a7b1bfc69642342e09575475db2905ad0"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-ca"]
---

# California SB 599 (20112012) — Life insurance: retained-asset account.

Existing law provides that life insurance may be made payable, among other things, on the death of the insured, on his or her surviving for a specified period of time, or periodically as long as he or she lives.

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **02/17/11 - Introduced** (filed) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201120120SB599&version=20110SB59999INT)
2. **04/04/11 - Amended Senate** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201120120SB599&version=20110SB59998AMD)
3. **04/14/11 - Amended Senate** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201120120SB599&version=20110SB59997AMD)
4. **04/25/11 - Amended Senate** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201120120SB599&version=20110SB59996AMD)
5. **06/16/11 - Amended Assembly** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201120120SB599&version=20110SB59995AMD)
6. **06/28/11 - Amended Assembly** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201120120SB599&version=20110SB59994AMD)
7. **08/29/11 - Amended Assembly** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201120120SB599&version=20110SB59993AMD)
8. **10/02/11 - Chaptered** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201120120SB599&version=20110SB59991CHP)
9. **SB599** (committee substitute) — [source](http://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=201120120SB599)
10. **09/02/11 - Enrolled** (enrolled) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201120120SB599&version=20110SB59992ENR)

## Votes

- Do pass, but re-refer to the Committee on Judiciary. — **5–3** (pass) · upper
- SB 599 Kehoe Senate Third Reading By SOLORIO — **78–0** (pass) · lower
- 3rd Reading — **37–1** (pass) · upper
- Do pass as amended and be re-referred to the Committee on Appropriations. — **11–0** (pass) · lower
- Unfinished Business SB599 Kehoe Concurrence — **36–0** (pass) · upper
- Do pass, to Consent Calendar. — **17–0** (pass) · lower
- Do pass, but re-refer to the Committee on Appropriations. — **5–0** (pass) · upper

## Sponsors

- Kehoe — primary (person)
- Calderon — coauthor (person)
- Lieu — coauthor (person)
- Lowenthal — coauthor (person)
- Price — coauthor (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2011-02-17** Introduced. Read first time. To Com. on RLS. for assignment. To print. `introduction, reading-1`
- **2011-02-18** From printer. May be acted upon on or after March 20.
- **2011-03-03** Referred to Coms. on INS. and JUD. `referral-committee`
- **2011-03-09** Set for hearing March 23.
- **2011-03-17** Hearing postponed by committee.
- **2011-03-18** Set for hearing April 13.
- **2011-04-04** 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`
- **2011-04-12** Hearing postponed by committee.
- **2011-04-14** 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`
- **2011-04-14** Set for hearing April 27.
- **2011-04-25** 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`
- **2011-04-28** From committee: Do pass and re-refer to Com. on JUD. (Ayes 5. Noes 3. Page 808.) (April 27). Re-referred to Com. on JUD. `referral-committee, committee-passage, committee-passage-favorable`
- **2011-04-29** Set for hearing May 3.
- **2011-05-04** From committee: Do pass and re-refer to Com. on APPR. (Ayes 5. Noes 0. Page 860.) (May 3). Re-referred to Com. on APPR. `referral-committee, committee-passage, committee-passage-favorable`
- **2011-05-06** Set for hearing May 16.
- **2011-05-17** From committee: Be placed on second reading file pursuant to Senate Rule 28.8. `committee-passage`
- **2011-05-18** Read second time. Ordered to third reading. `reading-2, reading-1`
- **2011-05-19** Read third time. Passed. (Ayes 37. Noes 1. Page 1039.) Ordered to the Assembly. `reading-3, reading-1, passage`
- **2011-05-19** In Assembly. Read first time. Held at Desk. `reading-1`
- **2011-06-16** Referred to Com. on INS. `referral-committee`
- **2011-06-16** 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`
- **2011-06-27** From committee: Do pass as amended and re-refer to Com. on APPR. (Ayes 11. Noes 0.) (June 22). `amendment-passage, committee-passage, committee-passage-favorable`
- **2011-06-28** Read second time and amended. Re-referred to Com. on APPR. `reading-2, reading-1, amendment-passage, referral-committee`
- **2011-08-18** From committee: Do pass. Ordered to consent calendar. (Ayes 17. Noes 0.) (August 17). `committee-passage, committee-passage-favorable`
- **2011-08-22** Read second time. Ordered to consent calendar. `reading-2, reading-1`
- **2011-08-25** From consent calendar.
- **2011-08-25** Ordered to third reading.
- **2011-08-29** Read third time and amended. (Page 2639.) `reading-3, reading-1, amendment-passage`
- **2011-08-29** Ordered to third reading.
- **2011-08-31** Read third time. Passed. (Ayes 78. Noes 0. Page 2741.) Ordered to the Senate. `reading-3, reading-1, passage`
- **2011-08-31** In Senate. Concurrence in Assembly amendments pending.
- **2011-09-01** Assembly amendments concurred in. (Ayes 36. Noes 0. Page 2242.) Ordered to engrossing and enrolling. `committee-passage-favorable, amendment-passage`
- **2011-09-09** Enrolled and presented to the Governor at 9:45 a.m.
- **2011-10-02** Approved by the Governor. `executive-signature`
- **2011-10-02** Chaptered by Secretary of State. Chapter 423, Statutes of 2011.

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/f61c86ec-c67e-4560-a036-b208c2a2fa38`. Confidence: reported (aggregated from official California legislature records).