republic-os/legislation/us/states/ca/20172018/ab-938.md

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
Bill	Reinsurance.	Existing law requires every insurer doing business in the state to make and file annual financial statements with the Insurance Commissioner, as specified. Existing law, for the purposes of those financial statements, allows a domestic insurer that cedes reinsurance to an assuming reinsurer to take a credit for the reinsurance as either an asset or a deduction from liability if the reinsurer meets specified requirements. If the reinsurer does not meet those requirements, existing law allows a credit for reinsurance to be taken either as an asset or a deduction from liability in an amount not exceeding the liabilities carried by the ceding insurer to the extent that the ceding insurer provides security in the form of funds or letters of credit, as specified. Existing law authorizes the commissioner to prescribe requirements consistent with those provisions, as specified.	us/states/ca	California Legislature	20172018	AB 938	California AB 938 (20172018)	bill	Reinsurance.	enacted	Cooley	7	24	4	2017-02-16	2017-09-01	openstates	ocd-bill/4b6dd543-6d4d-4161-a9f7-3f8ece2e0ebe	http://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=201720180AB938	dacf57ccab7bfb13a79987cfc020ff45c7288f305094db6cef25dc5d4cd392e0	2026-07-01	https://data.openstates.org/daily/2026-07-01/public.pgdump	2026-07-06	reported	legislation bill us-ca

California AB 938 (20172018) — Reinsurance.

Existing law requires every insurer doing business in the state to make and file annual financial statements with the Insurance Commissioner, as specified. Existing law, for the purposes of those financial statements, allows a domestic insurer that cedes reinsurance to an assuming reinsurer to take a credit for the reinsurance as either an asset or a deduction from liability if the reinsurer meets specified requirements. If the reinsurer does not meet those requirements, existing law allows a credit for reinsurance to be taken either as an asset or a deduction from liability in an amount not exceeding the liabilities carried by the ceding insurer to the extent that the ceding insurer provides security in the form of funds or letters of credit, as specified. Existing law authorizes the commissioner to prescribe requirements consistent with those provisions, as specified.

Version chain

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

1. 02/16/17 - Introduced (filed) — source
2. 03/13/17 - Amended Assembly (committee substitute) — source
3. 04/17/17 - Amended Assembly (committee substitute) — source
4. 04/25/17 - Amended Assembly (committee substitute) — source
5. 09/01/17 - Chaptered (committee substitute) — source
6. AB938 (committee substitute) — source
7. 08/25/17 - Enrolled (enrolled) — source

Votes

• Do pass, but first be re-referred to the Committee on [Appropriations] with the recommendation: To Consent Calendar — 9–0 (pass) · upper
• AB 938 COOLEY Consent Calendar Second Day — 69–0 (pass) · lower
• Consent Calendar 2nd (Urgency Clause) — 38–0 (pass) · upper
• Do pass. To Consent Calendar. — 17–0 (pass) · lower

Sponsors

• Cooley — primary (person)

Timeline

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

• 2017-02-16 Read first time. To print. reading-1
• 2017-02-17 From printer. May be heard in committee March 19.
• 2017-03-02 Referred to Com. on INS. referral-committee
• 2017-03-13 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
• 2017-03-14 Re-referred to Com. on INS. referral-committee
• 2017-04-17 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
• 2017-04-18 Re-referred to Com. on INS. referral-committee
• 2017-04-24 From committee: Amend, and do pass as amended and re-refer to Com. on APPR. (Ayes 12. Noes 0.) (April 19). amendment-passage, committee-passage, amendment-introduction
• 2017-04-25 Read second time and amended. reading-1, amendment-passage, reading-2
• 2017-04-26 Re-referred to Com. on APPR. referral-committee
• 2017-05-10 From committee: Do pass. To Consent Calendar. (Ayes 17. Noes 0.) (May 10). committee-passage-favorable, committee-passage
• 2017-05-11 Read second time. Ordered to Consent Calendar. reading-2, reading-1
• 2017-05-18 Read third time. Urgency clause adopted. Passed. Ordered to the Senate. (Ayes 69. Noes 0. Page 1618.). reading-3, passage, reading-1
• 2017-05-18 In Senate. Read first time. To Com. on RLS. for assignment. reading-1
• 2017-06-01 Referred to Com. on I., B. & F.I. referral-committee
• 2017-06-28 From committee: Do pass and re-refer to Com. on APPR. with recommendation: To Consent Calendar. (Ayes 9. Noes 0.) (June 28). Re-referred to Com. on APPR. committee-passage-favorable, committee-passage, referral-committee
• 2017-07-10 In committee: Hearing postponed by committee.
• 2017-08-21 From committee: Be placed on second reading file pursuant to Senate Rule 28.8 and ordered to consent calendar. committee-passage
• 2017-08-22 Read second time. Ordered to Consent Calendar. reading-2, reading-1
• 2017-08-24 Read third time. Urgency clause adopted. Passed. Ordered to the Assembly. (Ayes 38. Noes 0. Page 2229.). reading-3, passage, reading-1
• 2017-08-24 In Assembly. Ordered to Engrossing and Enrolling. committee-passage
• 2017-08-30 Enrolled and presented to the Governor at 3:30 p.m.
• 2017-09-01 Approved by the Governor. executive-signature
• 2017-09-01 Chaptered by Secretary of State - Chapter 202, Statutes of 2017.

Source

OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/4b6dd543-6d4d-4161-a9f7-3f8ece2e0ebe. Confidence: reported (aggregated from official California legislature records).