(1) Existing law governs annuities and, for those insurance contracts that provide cash surrender benefits, prescribes the cash surrender benefit available prior to maturity. Existing law authorizes an insurer to require a contract owner to complete an administrative form as part of the surrender process and requires the insurer to provide the administrative form to the contract owner within two business days of the request.
(1) Existing law governs annuities and, for those insurance contracts that provide cash surrender benefits, prescribes the cash surrender benefit available prior to maturity. Existing law authorizes an insurer to require a contract owner to complete an administrative form as part of the surrender process and requires the insurer to provide the administrative form to the contract owner within two business days of the request.
Version chain
The bill's text revisions, in order — the diff chain from filing to enrollment.
Do pass. To Consent Calendar. — 15–0 (pass) · lower
AB 2045 INS. Consent Calendar Second Day — 74–0 (pass) · lower
AB 2045 INS. Concurrence in Senate Amendments By DALY — 78–0 (pass) · lower
Sponsors
Committee on Insurance — primary (person)
Timeline
The legislative action history — every referral, reading, and vote.
2018-02-06 Read first time. To print. reading-1
2018-02-07 From printer. May be heard in committee March 9.
2018-02-16 Referred to Com. on INS. referral-committee
2018-03-20 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
2018-03-21 Re-referred to Com. on INS. referral-committee
2018-04-04 From committee: Do pass and re-refer to Com. on APPR. with recommendation: To Consent Calendar. (Ayes 13. Noes 0.) (April 4). Re-referred to Com. on APPR. committee-passage-favorable, committee-passage, referral-committee
2018-04-18 From committee: Do pass. To Consent Calendar. (Ayes 15. Noes 0.) (April 18). committee-passage-favorable, committee-passage
2018-04-19 Read second time. Ordered to Consent Calendar. reading-2, reading-1
2018-04-26 Read third time. Passed. Ordered to the Senate. (Ayes 74. Noes 0. Page 4899.) reading-3, passage, reading-1
2018-04-26 In Senate. Read first time. To Com. on RLS. for assignment. reading-1
2018-05-10 Referred to Com. on INS. referral-committee
2018-06-14 From committee chair, with author's amendments: Amend, and re-refer to committee. Read second time, amended, and re-referred to Com. on INS. amendment-passage, referral-committee, reading-2, reading-1, amendment-introduction
2018-07-02 From committee: Amend, and do pass as amended and re-refer to Com. on APPR. (Ayes 12. Noes 0.) (June 27). amendment-passage, committee-passage, amendment-introduction
2018-07-03 Read second time and amended. Re-referred to Com. on APPR. amendment-passage, reading-2, referral-committee, reading-1
2018-08-06 From committee: Be ordered to second reading pursuant to Senate Rule 28.8. committee-passage, reading-2
2018-08-07 Read second time. Ordered to third reading. reading-2, reading-1
2018-08-09 Read third time. Passed. Ordered to the Assembly. (Ayes 36. Noes 0. Page 5236.). reading-3, passage, reading-1
2018-08-09 In Assembly. Concurrence in Senate amendments pending. May be considered on or after August 11 pursuant to Assembly Rule 77.
2018-08-13 Senate amendments concurred in. To Engrossing and Enrolling. (Ayes 78. Noes 0. Page 6240.). committee-passage-favorable, amendment-passage
2018-08-16 Enrolled and presented to the Governor at 4 p.m.
2018-08-28 Approved by the Governor. executive-signature
2018-08-28 Chaptered by Secretary of State - Chapter 231, Statutes of 2018.
Source
OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/a6d99484-c366-4039-a26a-7a0222b92975. Confidence: reported (aggregated from official California legislature records).