What SB 877 does
Summary from the Legislative Counsel's Digest of the enrolled text, September 4, 2026. Read the full text on leginfo.
How it got here
Senator Pérez introduced SB 877 on . The text was amended 0 times, and heard in 6 committee hearings before its final floor votes.
- Senate Floor, May 20, 2026: 35 ayes, 0 noes.
- Senate Floor, August 31, 2026: 40 ayes, 0 noes.
Committee votes along the way:
- Senate Insurance, April 22, 2026: Do pass as amended, but first amend, and re-refer to the Committee on [Appropriations], 6-0.
- Senate Appropriations, May 11, 2026: Placed on suspense file, 7-0.
- Senate Appropriations, May 14, 2026: Do pass, 7-0.
- Assembly Insurance, June 17, 2026: Do pass and be re-referred to the Committee on [Appropriations], 16-0.
- Assembly Appropriations, August 13, 2026: Do pass., 15-0.
Who supports and opposes SB 877
The Assembly Insurance analysis dated June 16, 2026 lists 49 organizations in support and 0 in opposition. When Senate Insurance first listed positions on April 20, 2026, the count was 50 in support and 3 opposed. By the Assembly Insurance analysis of June 16, 2026 it was 49 to 0.
In support: 350 Conejo / San Fernando Valley; AARP; Affordable Homeownership Foundation INC; Altadena Colab; Americans for Financial Reform; Ballona Wetlands Institute; Bay Area System Change Not Climate Change; Bayardo Strategies LLC; and 41 more.
Read the Assembly Insurance analysis.
What happens next
It reached the Governor's desk on September 9, 2026. Bills presented after the Legislature adjourned on August 31 must be signed or vetoed within thirty days.
The Governor can sign the bill, veto it, or let it become law without a signature. Until the decision, sign and veto request letters are the remaining channel, and the Department of Finance's enrolled bill report carries weight on anything with a fiscal effect. If signed, most provisions take effect January 1, and implementation moves to the agencies named in the bill.
What it means for financial services organizations
Two decisions follow from a bill at this stage. The first is whether to weigh in with the Governor's office before the thirty-day window closes. The second is how to prepare for implementation if it becomes law: which agency writes the rules, when the comment period opens, and which obligations begin January 1.
The financial services group at Capitol Axis handles that for financial services clients.
Questions about SB 877
What does SB 877 do?
SB 877 concerns residential property insurance: loss estimate transparency. See the Legislative Counsel's Digest on leginfo for the full summary.
Has SB 877 passed the California Legislature?
It reached the Governor's desk on September 9, 2026. Bills presented after the Legislature adjourned on August 31 must be signed or vetoed within thirty days.
Who supports and opposes SB 877?
The Assembly Insurance analysis dated June 16, 2026 lists 49 organizations in support and 0 in opposition. Supporters include 350 Conejo / San Fernando Valley; AARP; Affordable Homeownership Foundation INC.
What happens next with SB 877?
The Governor can sign it, veto it, or let it become law without a signature. Until then, sign and veto request letters are the remaining channel, and the Department of Finance's enrolled bill report carries weight on anything with a fiscal effect.