SB 1040

  • California Senate Bill
  • 2021-2022 Regular Session
  • Introduced in Senate Feb 15, 2022
  • Passed Senate May 09, 2022
  • Passed Assembly Aug 18, 2022
  • Signed by Governor Sep 25, 2022

Insurance: restitution.

Bill Subjects

Insurance: Restitution.

Abstract

Existing law generally regulates insurance and creates the Department of Insurance, headed by the Insurance Commissioner. Existing law authorizes the commissioner to bring a superior court action to enjoin a person who is violating or about to violate the Insurance Code. Existing law also authorizes the commissioner to apply to the clerk of the superior court for a judgment to enforce an order requiring a person to pay a monetary penalty or reimburse the department for costs incurred by the department in prosecuting the matter. This bill would authorize the commissioner to seek a judgment to enforce an order for restitution. The bill would authorize the commissioner to order a respondent, if certain requirements are met, to provide restitution, as defined, for a loss arising from the respondent's conduct. With a restitution order, and if the facts and equity permit, the bill would also authorize the commissioner to issue an order of rescission enforceable on any person subject to the commissioner's jurisdiction. The bill would require the rescission or restitution order to be subject to judicial review.

Bill Sponsors (1)

Rubio

     
Author

Votes


Actions


Sep 25, 2022

California State Legislature

Approved by the Governor.

California State Legislature

Chaptered by Secretary of State. Chapter 540, Statutes of 2022.

Aug 26, 2022

California State Legislature

Enrolled and presented to the Governor at 2 p.m.

Aug 18, 2022

Senate

In Senate. Ordered to engrossing and enrolling.

Assembly

Read third time. Passed. (Ayes 73. Noes 0. Page 5954.) Ordered to the Senate.

Aug 11, 2022

Assembly

Read second time. Ordered to consent calendar.

Aug 10, 2022

Assembly

From committee: Do pass. Ordered to consent calendar. (Ayes 15. Noes 0.) (August 10).

Jul 29, 2022

Assembly

August 3 hearing postponed by committee.

Jun 28, 2022

Assembly

From committee: Do pass and re-refer to Com. on APPR. (Ayes 11. Noes 0.) (June 28). Re-referred to Com. on APPR.

  • Committee-Passage
  • Committee-Passage-Favorable
  • Referral-Committee
Com. on APPR.

Jun 22, 2022

Assembly

From committee: Do pass and re-refer to Com. on JUD. with recommendation: To consent calendar. (Ayes 11. Noes 1.) (June 22). Re-referred to Com. on JUD.

  • Committee-Passage
  • Committee-Passage-Favorable
  • Referral-Committee
Com. on JUD.

May 12, 2022

Assembly

Referred to Coms. on INS. and JUD.

  • Referral-Committee
Coms. on INS. and JUD.

May 09, 2022

Senate

Read third time. Passed. (Ayes 33. Noes 0. Page 3646.) Ordered to the Assembly.

Assembly

In Assembly. Read first time. Held at Desk.

May 03, 2022

Senate

Read second time. Ordered to consent calendar.

May 02, 2022

Senate

From committee: Be ordered to second reading pursuant to Senate Rule 28.8 and ordered to consent calendar.

Apr 22, 2022

Senate

Set for hearing May 2.

Apr 20, 2022

Senate

From committee: Do pass and re-refer to Com. on APPR with recommendation: To consent calendar. (Ayes 11. Noes 0. Page 3436.) (April 19). Re-referred to Com. on APPR.

  • Committee-Passage
  • Committee-Passage-Favorable
  • Referral-Committee
Com. on APPR.

Apr 06, 2022

Senate

Set for hearing April 19.

Apr 04, 2022

Senate

Read second time and amended. Re-referred to Com. on JUD.

  • Amendment-Passage
  • Reading-1
  • Reading-2
  • Referral-Committee
Com. on JUD.

Mar 31, 2022

Senate

From committee: Do pass as amended and re-refer to Com. on JUD. (Ayes 9. Noes 0. Page 3293.) (March 31).

Mar 25, 2022

Senate

Set for hearing March 31.

Feb 23, 2022

Senate

Referred to Coms. on INS. and JUD.

  • Referral-Committee
Coms. on INS. and JUD.

Feb 16, 2022

Senate

From printer.

Feb 15, 2022

Senate

Introduced. Read first time. To Com. on RLS. for assignment. To print.

Senate

Article IV Section 8(a) of the Constitution and Joint Rule 55 dispensed with February 7, 2022, suspending the 30 calendar day requirement.

Bill Text

Bill Text Versions Format
SB1040 HTML
02/15/22 - Introduced PDF
04/04/22 - Amended Senate PDF
08/22/22 - Enrolled PDF
09/25/22 - Chaptered PDF

Related Documents

Document Format
03/29/22- Senate Insurance PDF
04/15/22- Senate Judiciary PDF
05/04/22- Sen. Floor Analyses PDF
06/21/22- Assembly Insurance PDF
06/24/22- Assembly Judiciary PDF
08/09/22- Assembly Appropriations PDF

Sources

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If you notice any inconsistencies with these official sources, feel free to file an issue.