BILL ANALYSIS                                                                                                                                                                                                    



                                                                  AB 2782
                                                                  Page  1

          CONCURRENCE IN SENATE AMENDMENTS
          AB 2782 (Insurance Committee)
          As Amended  August 17, 2010
          Majority vote
           
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          |ASSEMBLY:  |76-0 |(May 13, 2010)  |SENATE: |36-0 |(August 23,    |
          |           |     |                |        |     |2010)          |
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           Original Committee Reference:    INS.  

           SUMMARY  :  Makes various changes to California laws including  
          licensing-related changes to align law with the National  
          Association of Insurance Commissioners (NAIC) Producer Licensing  
          Model Act (PLMA).  

           The Senate amendments  : 

          1)Permit the Insurance Commissioner (IC) to modify the frequency  
            and due dates of specified reports.

          2) Clarify the conditions that specified products do not  
            constitute guaranteed automobile protection insurance. 

           AS PASSED BY THE ASSEMBLY  , this bill:

          1)Made various changes, including technical revisions to  
            investment law and licensing-related changes, including  
            changes to conform California law to the National Association  
            of Insurance Commissioners (NAIC) Producer Licensing Model Act  
            (PLMA). 
           
          2)Allowed the IC to modify the frequency and due date of certain  
            reports under current law and eliminated one annual report to  
            the Governor and the Legislature.

           FISCAL EFFECT  :  Minor and absorbable workload to California  
          Department of Insurance (CDI).  

           COMMENTS  :  This bill is sponsored by the CDI to increase  
          conformity of the state law relative to recommendations of the  
          NAIC PMLA.  The NAIC is the organization of insurance regulators  
          from the 50 states.  









                                                                  AB 2782
                                                                  Page  2

          This bill makes confirming changes across a number of statues  
          including laws governing, bail bonds, insurance adjuster  
          licensure, continuing education requirements and the authority  
          of the department to receive attorney fees in specified  
          circumstances.  


           Analysis Prepared by  :    Tracy Elwell / INS. / (916) 319-2086

                                                               FN: 0006363