BILL NUMBER: AB 2746	INTRODUCED
	BILL TEXT


INTRODUCED BY   Assembly Member Blakeslee

                        FEBRUARY 19, 2010

   An act to amend Section 12920 of the Insurance Code, relating to
insurance.



	LEGISLATIVE COUNSEL'S DIGEST


   AB 2746, as introduced, Blakeslee. Insurance Commissioner: powers
and duties.
   Existing law requires the Insurance Commissioner to determine the
sufficiency and validity of all securities required to be given by
persons engaged, or to be engaged, in the insurance business and
cause the security to be supplemented or renewed in case of
insufficiency or invalidity of the security.
   This bill would make technical, nonsubstantive changes to that
provision.
   Vote: majority. Appropriation: no. Fiscal committee: no.
State-mandated local program: no.


THE PEOPLE OF THE STATE OF CALIFORNIA DO ENACT AS FOLLOWS:

  SECTION 1.  Section 12920 of the Insurance Code is amended to read:

   12920.  The commissioner shall determine the sufficiency and
validity of all securities required to be given by persons engaged,
or to be engaged, in  the  insurance business, and shall
cause  such   that  security to be
supplemented or renewed in case of the insufficiency or invalidity
 thereof   of the security  .