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SB 425·CA·senate

Bonds: public entities as beneficiaries.

FailedFiled Feb 18, 2025
Sponsor: Rubio
Latest Action

Returned to Secretary of Senate pursuant to Joint Rule 56.

Feb 2, 2026

Summary

The bill changes California law so insurers must give a 30‑day notice (instead of 20) before canceling an automobile policy, with special rules for non‑payment cancellations. It also adds a rule that any bond issued to a public entity for construction or related projects is not valid until the entity promises to make all required payments to the principal (or surety) and to perform its contractual obligations. These changes affect insurers, policyholders, sureties, principals, and public entities that receive bonds.

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Hearings

History

  1. Returned to Secretary of Senate pursuant to Joint Rule 56.
  2. April 29 set for first hearing canceled at the request of author.
  3. Set for hearing April 29.
  4. Re-referred to Com. on JUD.
  5. Withdrawn from committee.
  6. Re-referred to Com. on RLS.
  7. April 9 hearing postponed by committee.
  8. Set for hearing April 9.
  9. From committee with author's amendments. Read second time and amended. Re-referred to Com. on INS.
  10. Referred to Com. on INS.
  11. From printer. May be acted upon on or after March 21.
  12. Introduced. Read first time. To Com. on RLS. for assignment. To print.

Sponsors

  • Rubio · sponsor

Bill text

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