Fabio
6.3 KiB
6.3 KiB
type, title, description, jurisdiction, legislature, session, identifier, citation, classification, subjects, status, primary_sponsors, version_count, action_count, vote_count, first_action, last_action, source, source_identifier, source_url, source_hash, vintage, source_snapshot, retrieved_at, confidence, tags
| type | title | description | jurisdiction | legislature | session | identifier | citation | classification | subjects | status | primary_sponsors | version_count | action_count | vote_count | first_action | last_action | source | source_identifier | source_url | source_hash | vintage | source_snapshot | retrieved_at | confidence | tags | ||||||
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| Bill | Insurance: annuity transactions. | Under existing law, the Insurance Commissioner, who controls the California Department of Insurance, regulates the insurance industry. Existing law requires insurers and insurance producers, as defined, to comply with specified requirements regarding the purchase, exchange, or replacement of an annuity recommended to a consumer, including, but not limited to, having reasonable grounds for the insurance producer believing the annuity transaction would be suitable for the consumer based on "suitability information," including, among other factors, age, annual income, and whether the consumer has a reverse mortgage. Existing law authorizes the commissioner to require certain actions by, and impose sanctions and penalties on, insurers and their agents for a violation of these provisions. | us/states/ca | California Legislature | 20152016 | SB 924 | California SB 924 (20152016) |
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enacted |
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5 | 20 | 5 | 2016-01-28 | 2016-08-19 | openstates | ocd-bill/0f1fa0ba-865b-416f-9309-84875fae8446 | http://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=201520160SB924 | 93b3abed5acd4d88eb3d019a132940abf3dfedc6d5bf8c024b8329a0909343a1 | 2026-07-01 | https://data.openstates.org/daily/2026-07-01/public.pgdump | 2026-07-06 | reported |
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California SB 924 (20152016) — Insurance: annuity transactions.
Under existing law, the Insurance Commissioner, who controls the California Department of Insurance, regulates the insurance industry. Existing law requires insurers and insurance producers, as defined, to comply with specified requirements regarding the purchase, exchange, or replacement of an annuity recommended to a consumer, including, but not limited to, having reasonable grounds for the insurance producer believing the annuity transaction would be suitable for the consumer based on "suitability information," including, among other factors, age, annual income, and whether the consumer has a reverse mortgage. Existing law authorizes the commissioner to require certain actions by, and impose sanctions and penalties on, insurers and their agents for a violation of these provisions.
Version chain
The bill's text revisions, in order — the diff chain from filing to enrollment.
- 01/28/16 - Introduced (filed) — source
- 03/28/16 - Amended Senate (committee substitute) — source
- 08/19/16 - Chaptered (committee substitute) — source
- SB924 (committee substitute) — source
- 08/05/16 - Enrolled (enrolled) — source
Votes
- Do pass, but first be re-referred to the Committee on [Appropriations] with the recommendation: To Consent Calendar — 8–0 (pass) · upper
- Do pass. To Consent Calendar. — 18–0 (pass) · lower
- SB 924 Roth Consent Calendar Second Day — 77–0 (pass) · lower
- Consent Calendar 2nd — 36–0 (pass) · upper
- Do pass and be re-referred to the Committee on [Appropriations] with recommendation: To Consent Calendar — 13–0 (pass) · lower
Sponsors
- Roth — primary (person)
Timeline
The legislative action history — every referral, reading, and vote.
- 2016-01-28 Introduced. Read first time. To Com. on RLS. for assignment. To print.
introduction, reading-1 - 2016-01-29 From printer. May be acted upon on or after February 28.
- 2016-02-18 Referred to Com. on INS.
referral-committee - 2016-03-18 Set for hearing April 13.
- 2016-03-28 From committee with author's amendments. Read second time and amended. Re-referred to Com. on INS.
referral-committee, reading-2, amendment-passage, committee-passage, reading-1 - 2016-04-14 From committee: Do pass and re-refer to Com. on APPR. with recommendation: To consent calendar. (Ayes 8. Noes 0. Page 3560.) (April 13). Re-referred to Com. on APPR.
referral-committee, committee-passage-favorable, committee-passage - 2016-04-22 Set for hearing May 2.
- 2016-05-02 From committee: Be ordered to second reading pursuant to Senate Rule 28.8 and ordered to consent calendar.
committee-passage, reading-2 - 2016-05-03 Read second time. Ordered to consent calendar.
reading-2, reading-1 - 2016-05-05 Read third time. Passed. (Ayes 36. Noes 0. Page 3775.) Ordered to the Assembly.
reading-3, passage, reading-1 - 2016-05-05 In Assembly. Read first time. Held at Desk.
reading-1 - 2016-05-12 Referred to Com. on INS.
referral-committee - 2016-06-22 From committee: Do pass and re-refer to Com. on APPR. with recommendation: To consent calendar. (Ayes 13. Noes 0.) (June 22). Re-referred to Com. on APPR.
referral-committee, committee-passage-favorable, committee-passage - 2016-06-29 From committee: Do pass. Ordered to consent calendar. (Ayes 18. Noes 0.) (June 29).
committee-passage-favorable, committee-passage - 2016-06-30 Read second time. Ordered to consent calendar.
reading-2, reading-1 - 2016-08-04 Read third time. Passed. (Ayes 77. Noes 0. Page 5718.) Ordered to the Senate.
reading-3, passage, reading-1 - 2016-08-04 In Senate. Ordered to engrossing and enrolling.
- 2016-08-10 Enrolled and presented to the Governor at 10 a.m.
- 2016-08-19 Approved by the Governor.
executive-signature - 2016-08-19 Chaptered by Secretary of State. Chapter 148, Statutes of 2016.
Source
OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/0f1fa0ba-865b-416f-9309-84875fae8446. Confidence: reported (aggregated from official California legislature records).