republic-os/legislation/us/states/ca/20192020/ab-2049.md

---
type: "Bill"
title: "Reinsurance credit."
description: "Existing law creates the Department of Insurance, headed by the Insurance Commissioner, and prescribes the commissioner's powers and duties. Existing law requires an insurer to file financial statements with the commissioner. For purposes of those financial statements, existing law authorizes a domestic insurer to take a credit for reinsurance if the reinsurance is ceded to an assuming insurer that has been certified by the commissioner as a reinsurer in this state and the insurer secures its obligations in accordance with certain requirements."
jurisdiction: "us/states/ca"
legislature: "California Legislature"
session: "20192020"
identifier: "AB 2049"
citation: "California AB 2049 (20192020)"
classification: ["bill"]
subjects: ["Reinsurance credit."]
status: "enacted"
primary_sponsors: ["Cooley"]
version_count: 5
action_count: 19
vote_count: 5
first_action: "2020-02-03"
last_action: "2020-09-11"
source: "openstates"
source_identifier: "ocd-bill/7a553d7b-f8fb-4203-b039-fbf6cff2fe8a"
source_url: "http://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=201920200AB2049"
source_hash: "8b82aea47ff8d199e8f6ce682a3e42619f7e1f03fe49d05b002537571f26e6b2"
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 AB 2049 (20192020) — Reinsurance credit.

Existing law creates the Department of Insurance, headed by the Insurance Commissioner, and prescribes the commissioner's powers and duties. Existing law requires an insurer to file financial statements with the commissioner. For purposes of those financial statements, existing law authorizes a domestic insurer to take a credit for reinsurance if the reinsurance is ceded to an assuming insurer that has been certified by the commissioner as a reinsurer in this state and the insurer secures its obligations in accordance with certain requirements.

## Version chain

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

1. **02/03/20 - Introduced** (filed) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201920200AB2049&version=20190AB204999INT)
2. **03/02/20 - Amended Assembly** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201920200AB2049&version=20190AB204998AMD)
3. **09/11/20 - Chaptered** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201920200AB2049&version=20190AB204996CHP)
4. **AB2049** (committee substitute) — [source](http://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=201920200AB2049)
5. **08/31/20 - Enrolled** (enrolled) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201920200AB2049&version=20190AB204997ENR)

## Votes

- Do pass. To Consent Calendar. — **18–0** (pass) · lower
- Do pass and be re-referred to the Committee on [Appropriations] with recommendation: To Consent Calendar — **14–0** (pass) · lower
- AB 2049 Cooley Consent Calendar Second Day — **76–0** (pass) · lower
- Consent Calendar AB2049 — **39–0** (pass) · upper
- Do pass, but first be re-referred to the Committee on [Appropriations] with the recommendation: To Consent Calendar — **13–0** (pass) · upper

## Sponsors

- Cooley — primary (person)

## Timeline

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

- **2020-02-03** Read first time. To print. `reading-1`
- **2020-02-04** From printer. May be heard in committee March 5.
- **2020-02-14** Referred to Com. on INS. `referral-committee`
- **2020-03-02** From committee chair, with author's amendments: Amend, and re-refer to Com. on INS. Read second time and amended. `reading-1, reading-2, amendment-passage, amendment-introduction`
- **2020-03-04** Re-referred to Com. on INS. `referral-committee`
- **2020-05-07** From committee: Do pass and re-refer to Com. on APPR. with recommendation: To Consent Calendar. (Ayes 14. Noes 0.) (May 7). Re-referred to Com. on APPR. `committee-passage-favorable, committee-passage, referral-committee`
- **2020-06-02** From committee: Do pass. To Consent Calendar. (Ayes 18. Noes 0.) (June 2). `committee-passage-favorable, committee-passage`
- **2020-06-03** Read second time. Ordered to Consent Calendar. `reading-1, reading-2`
- **2020-06-08** Read third time. Passed. Ordered to the Senate. (Ayes 76. Noes 0. Page 4725.) `passage, reading-3, reading-1`
- **2020-06-09** In Senate. Read first time. To Com. on RLS. for assignment. `reading-1`
- **2020-06-23** Referred to Com. on INS. `referral-committee`
- **2020-08-04** From committee: Do pass and re-refer to Com. on APPR. with recommendation: To Consent Calendar. (Ayes 13. Noes 0.) (August 4). Re-referred to Com. on APPR. `committee-passage-favorable, committee-passage, referral-committee`
- **2020-08-13** From committee: Be ordered to second reading file pursuant to Senate Rule 28.8 and ordered to Consent Calendar. `committee-passage, reading-2`
- **2020-08-14** Read second time. Ordered to Consent Calendar. `reading-1, reading-2`
- **2020-08-28** Read third time. Passed. Ordered to the Assembly. (Ayes 39. Noes 0. Page 4376.). `passage, reading-3, reading-1`
- **2020-08-28** In Assembly. Ordered to Engrossing and Enrolling. `committee-passage`
- **2020-09-04** Enrolled and presented to the Governor at 2 p.m.
- **2020-09-11** Approved by the Governor. `executive-signature`
- **2020-09-11** Chaptered by Secretary of State - Chapter 71, Statutes of 2020.

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/7a553d7b-f8fb-4203-b039-fbf6cff2fe8a`. Confidence: reported (aggregated from official California legislature records).