republic-os/legislation/us/states/ca/20212022/ab-494.md

---
type: "Bill"
title: "Insurance Holding Company System Regulatory Act."
description: "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."
jurisdiction: "us/states/ca"
legislature: "California Legislature"
session: "20212022"
identifier: "AB 494"
citation: "California AB 494 (20212022)"
classification: ["bill"]
subjects: ["Insurance Holding Company System Regulatory Act."]
status: "enacted"
primary_sponsors: ["Mayes"]
version_count: 6
action_count: 22
vote_count: 6
first_action: "2021-02-09"
last_action: "2021-10-04"
source: "openstates"
source_identifier: "ocd-bill/0276dfbd-8d42-49a0-ad6e-4d33f1a18f75"
source_url: "http://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=202120220AB494"
source_hash: "4c714b1add12e1e983f31692cfba413fbfc75ca47ae12a6470f49bb6bde46063"
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 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.

1. **02/09/21 - Introduced** (filed) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=202120220AB494&version=20210AB49499INT)
2. **03/10/21 - Amended Assembly** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=202120220AB494&version=20210AB49498AMD)
3. **04/05/21 - Amended Assembly** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=202120220AB494&version=20210AB49497AMD)
4. **10/04/21 - Chaptered** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=202120220AB494&version=20210AB49495CHP)
5. **AB494** (committee substitute) — [source](http://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=202120220AB494)
6. **09/01/21 - Enrolled** (enrolled) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=202120220AB494&version=20210AB49496ENR)

## Votes

- 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](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/0276dfbd-8d42-49a0-ad6e-4d33f1a18f75`. Confidence: reported (aggregated from official California legislature records).