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CA AB2547

Bill

Status

Introduced

2/20/2026

Primary Sponsor

John Harabedian

Click for details

Origin

State Assembly

2025-2026 Regular Session

AI Summary

  • Amends Insurance Code Section 10110.2 regarding life and disability insurance policies
  • Makes technical, nonsubstantive changes to language about insurer reliance on applicant statements
  • Changes phrasing from "no insurer shall" to "an insurer shall not" and "so relied upon" to "that are relied upon"
  • Maintains existing protection allowing insurers to rely on applicant statements about insurable interest without incurring liability for untrue statements made in good faith
  • Requires only a majority vote, no appropriation, and has no fiscal impact

Legislative Description

Life and disability insurance.

Last Action

From printer. May be heard in committee March 23.

2/21/2026

Full Bill Text

No bill text available