Existing law creates the California Insurance Guarantee Association (CIGA) and requires all insurers admitted to transact insurance in this state to become members. CIGA is required to collect premium payments from members to discharge its obligations to cover claims of an insolvent insurer. Existing law provides that CIGA shall be a party in interest in all proceedings involving a covered claim, and has all of the rights an insolvent insurer would have if the insurer was not in liquidation. CIGA is required to allocate its claim payments and costs based on categories of insurance, including, but not limited to, workers' compensation claims and homeowners' claims. The premium payments from each category are separate and required to be used to pay the claims and costs allocated to that category. Existing law provides that the premium charged to a member insurer for any of the categories of insurance is 1% of the net direct written premium, as defined, written in the category by the member per year.
California AB 2230 (20132014) — Insurance: Workers' Comp Bond Fund: assessments.
Existing law creates the California Insurance Guarantee Association (CIGA) and requires all insurers admitted to transact insurance in this state to become members. CIGA is required to collect premium payments from members to discharge its obligations to cover claims of an insolvent insurer. Existing law provides that CIGA shall be a party in interest in all proceedings involving a covered claim, and has all of the rights an insolvent insurer would have if the insurer was not in liquidation. CIGA is required to allocate its claim payments and costs based on categories of insurance, including, but not limited to, workers' compensation claims and homeowners' claims. The premium payments from each category are separate and required to be used to pay the claims and costs allocated to that category. Existing law provides that the premium charged to a member insurer for any of the categories of insurance is 1% of the net direct written premium, as defined, written in the category by the member per year.
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.
2014-02-20 Read first time. To print. reading-1
2014-02-21 From printer. May be heard in committee March 23.
2014-03-06 Referred to Com. on INS. referral-committee
2014-03-28 From committee chair, with author's amendments: Amend, and re-refer to Com. on INS. Read second time and amended. amendment-introduction, amendment-passage, reading-2, reading-1
2014-04-01 Re-referred to Com. on INS. referral-committee
2014-04-28 From committee: Do pass as amended. (Ayes 13. Noes 0.) (April 23). committee-passage-favorable, committee-passage, amendment-passage
2014-04-29 Read second time and amended. Ordered to second reading. reading-2, reading-1, amendment-passage
2014-04-30 Read second time. Ordered to third reading. reading-2, reading-1
2014-05-01 Read third time. Passed. Ordered to the Senate. (Ayes 71. Noes 1. Page 4713.) reading-3, reading-1, passage
2014-05-01 In Senate. Read first time. To Com. on RLS. for assignment. reading-1
2014-05-15 Referred to Com. on INS. referral-committee
2014-06-11 From committee: Do pass. (Ayes 10. Noes 0.) (June 11). committee-passage-favorable, committee-passage
2014-06-12 Read second time. Ordered to third reading. reading-2, reading-1
2014-06-19 Read third time. Passed. Ordered to the Assembly. (Ayes 34. Noes 0. Page 4021.). reading-3, reading-1, passage
2014-06-19 In Assembly. Ordered to Engrossing and Enrolling. committee-passage
2014-06-24 Enrolled and presented to the Governor at 11:45 a.m.
2014-06-28 Approved by the Governor. executive-signature
2014-06-28 Chaptered by Secretary of State - Chapter 76, Statutes of 2014.
Source
OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/aed6981d-c9e2-4c4b-b6be-a236c758cfe9. Confidence: reported (aggregated from official California legislature records).
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