Existing law establishes the California Insurance Guarantee Association (CIGA) to provide coverage against losses arising from the failure of an insolvent property, casualty, or workers' compensation insurer to discharge its obligations under its insurance policies. Existing law gives CIGA the ability to request the issuance of bonds by the California Infrastructure and Economic Development Bank to more expeditiously and effectively provide for the payment of covered claims arising from the insolvencies of insurance companies providing workers' compensation insurance. Existing law requires that any bonds that provide funds for covered claim obligations for workers' compensation claims be issued, as specified, prior to January 1, 2023.
California AB 1541 (20212022) — Insurance: Guarantee Association.
Existing law establishes the California Insurance Guarantee Association (CIGA) to provide coverage against losses arising from the failure of an insolvent property, casualty, or workers' compensation insurer to discharge its obligations under its insurance policies. Existing law gives CIGA the ability to request the issuance of bonds by the California Infrastructure and Economic Development Bank to more expeditiously and effectively provide for the payment of covered claims arising from the insolvencies of insurance companies providing workers' compensation insurance. Existing law requires that any bonds that provide funds for covered claim obligations for workers' compensation claims be issued, as specified, prior to January 1, 2023.
Version chain
The bill's text revisions, in order — the diff chain from filing to enrollment.
AB 1541 INS. Consent Calendar Second Day — 77–0 (pass) · lower
Do pass and be re-referred to the Committee on [Appropriations] with recommendation: To Consent Calendar — 13–0 (pass) · lower
Do pass. To Consent Calendar. — 16–0 (pass) · lower
Sponsors
Committee on Insurance — primary (person)
Timeline
The legislative action history — every referral, reading, and vote.
2021-02-19 Introduced. To print. introduction
2021-02-20 From printer. May be heard in committee March 22.
2021-02-22 Read first time. reading-1
2021-03-11 Referred to Com. on INS. referral-committee
2021-04-15 From committee: Do pass and re-refer to Com. on APPR. with recommendation: To Consent Calendar. (Ayes 13. Noes 0.) (April 15). Re-referred to Com. on APPR. committee-passage, committee-passage-favorable, referral-committee
2021-04-28 From committee: Do pass. To Consent Calendar. (Ayes 16. Noes 0.) (April 28). committee-passage, committee-passage-favorable
2021-04-29 Read second time. Ordered to Consent Calendar. reading-1, reading-2
2021-05-06 Read third time. Passed. Ordered to the Senate. (Ayes 77. Noes 0. Page 1338.) passage, reading-1, reading-3
2021-05-06 In Senate. Read first time. To Com. on RLS. for assignment. reading-1
2021-05-19 Referred to Com. on INS. referral-committee
2021-06-24 From committee: Do pass and re-refer to Com. on APPR with recommendation: To Consent Calendar. (Ayes 12. Noes 0.) (June 24). Re-referred to Com. on APPR. committee-passage, committee-passage-favorable, referral-committee
2021-06-30 In committee: Hearing postponed by committee.
2021-07-15 From committee: Be ordered to second reading file pursuant to Senate Rule 28.8 and ordered to Consent Calendar. committee-passage, reading-2
2021-08-16 Read second time. Ordered to Consent Calendar. reading-1, reading-2
2021-08-30 Read third time. Passed. Ordered to the Assembly. (Ayes 39. Noes 0. Page 2239.). passage, reading-1, reading-3
2021-08-31 In Assembly. Ordered to Engrossing and Enrolling. committee-passage
2021-09-07 Enrolled and presented to the Governor at 4 p.m.
2021-09-24 Approved by the Governor. executive-signature
2021-09-24 Chaptered by Secretary of State - Chapter 305, Statutes of 2021. became-law
Source
OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/23b525d0-ead3-4ecd-9fd1-64df7b2d3acf. Confidence: reported (aggregated from official California legislature records).