BILL ANALYSIS                                                                                                                                                                                                    

                                                                  AB 2411
                                                                  Page  1

          AB 2411 (Jones)
          As Amended  August 2, 2010
          Majority vote
          |ASSEMBLY:  |52-22|(June 1, 2010)  |SENATE: |27-9 |(August 23,    |
          |           |     |                |        |     |2010)          |
           Original Committee Reference:    INS.

          SUMMARY  :  Establishes a series of disclosures that insurers  
          selling pet insurance must post on their Internet Web sites and  
          provide to applicants for pet insurance.

           The Senate amendments:  

          1)Delete the provision that would have created a separate line  
            of insurance for pet insurance, as well as several Insurance  
            Code sections that contained conforming amendments required by  
            the proposal to create a separate line of insurance.

          2)Add a provision that requires the California Department of  
            Insurance (CDI) to post on its Internet Web site a listing of  
            the insurers that sell pet insurance, along with related  
            information about the company and its products.

           EXISTING LAW  allows for the sale of pet insurance, but does not  
          contain any specific previsions that govern this product.

           AS PASSED BY THE ASSEMBLY  , this bill contained the same  
          disclosure requirements currently in the bill, and also  
          established pet insurance as a separate line of insurance.

           FISCAL EFFECT  :  According to the Senate Appropriations  
          Committee, less than $150,000 costs to CDI commencing in fiscal  
          year 2011/12.

           Analysis prepared by  :    Mark Rakich / INS. / (916) 319-2086

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