California · 2025–26 Regular Session · Senate Bill
SB 583: Insurer financial statements.
Passed one chamber Official data
- Introduced
- In committee
- Passed one chamber
- Passed both chambers
- Enacted
Last official action: ·Record last updated:
Plain-language summary
SB 583 is a senate bill introduced in the California Senate on February 20, 2025. According to its official title, it concerns: Insurer financial statements. . Primary sponsor: Susan Rubio (D). Most recent recorded action (May 12, 2025): Referred to Com. on INS.
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.
Existing law requires an insurer doing business in the state to file with the Insurance Commissioner various financial statements and forms at prescribed intervals. Existing law requires the commissioner to collect a late filing fee of $705 from an admitted insurer that fails to timely file these statements, and requires the commissioner to collect an additional late filing fee of $849 for each month or part thereof that an insurer continues to transact insurance without filing the required statements.
This bill would increase the above-described late filing fees to $800 and $900, respectively.
Sponsors
Sponsors by party (alphabetical): Democratic 1
| Name | Role | Party | Chamber | District |
|---|---|---|---|---|
| Susan Rubio | Primary sponsor | Democratic | Senate | 22 |
“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.
Recent official actions
- Referred to Com. on INS.
- In Assembly. Read first time. Held at Desk.
- Read third time. Passed. (Ayes 37. Noes 0. Page 887.) Ordered to the Assembly.
- Read second time. Ordered to consent calendar.
- From committee: Be ordered to second reading pursuant to Senate Rule 28.8 and ordered to consent calendar.
- Set for hearing April 21.
- From committee: Do pass and re-refer to Com. on APPR. with recommendation: To consent calendar. (Ayes 7. Noes 0. Page 738.) (April 9). Re-referred to Com. on APPR.
- Set for hearing April 9.
- Referred to Com. on INS.
- From printer. May be acted upon on or after March 23.
- Introduced. Read first time. To Com. on RLS. for assignment. To print.