Existing law, the Insurance Holding Company System Regulatory Act, requires an insurer that is authorized to do business in this state and that is a member of an insurance holding company system, which consists of two or more affiliated persons, at least one of which is an insurer, to register with the Insurance Commissioner and to file a registration statement containing specified information. Existing law requires the ultimate controlling person of an insurer subject to registration under the act to file an annual enterprise risk report with the lead state commissioner, as determined by procedures of the National Association of Insurance Commissioners (NAIC) , and to provide a copy to the commissioner if they are not the lead state commissioner.
California AB 494 (20212022) — Insurance Holding Company System Regulatory Act.
Existing law, the Insurance Holding Company System Regulatory Act, requires an insurer that is authorized to do business in this state and that is a member of an insurance holding company system, which consists of two or more affiliated persons, at least one of which is an insurer, to register with the Insurance Commissioner and to file a registration statement containing specified information. Existing law requires the ultimate controlling person of an insurer subject to registration under the act to file an annual enterprise risk report with the lead state commissioner, as determined by procedures of the National Association of Insurance Commissioners (NAIC) , and to provide a copy to the commissioner if they are not the lead state commissioner.
Version chain
The bill's text revisions, in order — the diff chain from filing to enrollment.
AB 494 Mayes Consent Calendar Second Day — 77–0 (pass) · lower
Do pass. To Consent Calendar. — 16–0 (pass) · lower
Consent Calendar AB494 — 39–0 (pass) · upper
Do pass, but first be re-referred to the Committee on [Appropriations] with the recommendation: To Consent Calendar — 11–0 (pass) · upper
Do pass and be re-referred to the Committee on [Appropriations] with recommendation: To Consent Calendar — 13–0 (pass) · lower
Do pass, but first be re-referred to the Committee on [Judiciary] — 12–0 (pass) · upper
Sponsors
Mayes — primary (person)
Timeline
The legislative action history — every referral, reading, and vote.
2021-02-09 Read first time. To print. reading-1
2021-02-10 From printer. May be heard in committee March 12.
2021-02-25 Referred to Com. on INS. referral-committee
2021-03-10 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-1, reading-2
2021-03-11 Re-referred to Com. on INS. referral-committee
2021-04-05 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-1, reading-2
2021-04-06 Re-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 1335.) 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 Coms. on INS. and JUD. referral-committee
2021-06-24 From committee: Do pass and re-refer to Com. on JUD. (Ayes 12. Noes 0.) (June 24). Re-referred to Com. on JUD. committee-passage, committee-passage-favorable, referral-committee
2021-07-07 From committee: Do pass and re-refer to Com. on APPR with recommendation: To Consent Calendar. (Ayes 11. Noes 0.) (July 6). Re-referred to Com. on APPR. committee-passage, committee-passage-favorable, referral-committee
2021-08-16 From committee: Be ordered to second reading file pursuant to Senate Rule 28.8 and ordered to Consent Calendar. committee-passage, reading-2
2021-08-17 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 2240.). 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.
2021-10-04 Approved by the Governor. executive-signature
2021-10-04 Chaptered by Secretary of State - Chapter 464, Statutes of 2021. became-law
Source
OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/0276dfbd-8d42-49a0-ad6e-4d33f1a18f75. Confidence: reported (aggregated from official California legislature records).