California · 2025–26 Regular Session · Assembly Bill
AB 487: Insurance.
Enacted Official data
- Introduced
- In committee
- Passed one chamber
- Passed both chambers
- Enacted
Last official action: ·Record last updated:
Plain-language summary
AB 487 is a assembly bill introduced in the California Assembly on February 10, 2025. According to its official title, it concerns: Insurance. Primary sponsor: Committee on Insurance. Most recent recorded action (October 10, 2025): Chaptered by Secretary of State - Chapter 558, Statutes of 2025.
Generated automatically from the official title, sponsor list, and status record only. It does not characterize the bill’s purpose or effects. How summaries are written
Official summary
Legislative Counsel’s Digest (official, as of the latest version). Written by nonpartisan legislative staff; reproduced verbatim.
(1)Existing law generally regulates the business of insurance in the state, including the issuance of securities. Existing law defines an agent to mean every person employed or appointed by an insurer or broker who sells a security in this state for compensation.
This bill would update the term “agent” to “stock agent” and would make conforming changes.
(2)Existing law requires the Insurance Commissioner to submit to the Department of Justice fingerprint images and related information, as specified by statute, for specified applicants applying for a license, including a surplus line broker, a life and disability analyst, and a variable life and variable annuity agent.
This bill would delete the provisions requiring the commissioner to submit fingerprint images and related information for the above-listed individuals.
(3)Existing law establishes the powers and duties of the Department of Insurance and the Insurance Commissioner. Existing law requires an application for specified licenses, including a production agency license, to be automatically denied without prejudice to the filing of a new application for the license, except in specified circumstances, if the applicant does not fully qualify for and receives the license on a permanent basis or is denied the issuance of the license, as specified.
This bill would additionally include applications for bail, insurance adjuster, or public insurance adjuster licenses.
Sponsors
| Name | Role | Party | Chamber | District |
|---|---|---|---|---|
| Committee on Insurance | Primary sponsor | Not applicable (committee) | Assembly | — |
“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.
Recent official actions
- Chaptered by Secretary of State - Chapter 558, Statutes of 2025.
- Approved by the Governor.
- Enrolled and presented to the Governor at 4 p.m.
- Senate amendments concurred in. To Engrossing and Enrolling. (Ayes 77. Noes 0. Page 2901.).
- In Assembly. Concurrence in Senate amendments pending.
- Read third time. Passed. Ordered to the Assembly. (Ayes 37. Noes 0. Page 2250.).
- Read second time. Ordered to Consent Calendar.
- From committee: Be ordered to second reading file pursuant to Senate Rule 28.8 and ordered to Consent Calendar.
- From committee: Do pass and re-refer to Com. on APPR. with recommendation: To Consent Calendar. (Ayes 13. Noes 0.) (July 15). Re-referred to Com. on APPR.
- From committee: Do pass and re-refer to Com. on JUD. with recommendation: To Consent Calendar. (Ayes 7. Noes 0.) (July 9). Re-referred to Com. on JUD.
- From committee chair, with author's amendments: Amend, and re-refer to committee. Read second time, amended, and re-referred to Com. on INS.
- Referred to Coms. on INS. and JUD.