BILL NUMBER: AB 2478	INTRODUCED
	BILL TEXT


INTRODUCED BY   Assembly Member Stone

                        FEBRUARY 21, 2014

   An act to amend Section 10200 of the Insurance Code, relating to
insurance.



	LEGISLATIVE COUNSEL'S DIGEST


   AB 2478, as introduced, Stone. Life insurers.
   Existing law authorizes a life insurer to issue life, disability,
term, and endowment insurance on the group plan, with or without
annuities, and with premium rates less than the usual rates for the
insurance. Existing law authorizes insurance under a franchise
agreement or upon a wholesale basis to be written under rates more or
less than the usual rates for the insurance.
   This bill would make technical, nonsubstantive changes to these
provisions.
   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 10200 of the Insurance Code is amended to read:

   10200.  Any life insurer may issue life, disability, term, and
endowment insurance on the group plan, with or without annuities, and
with premium rates less than the usual rates for  such
  the  insurance.  Such   The
 insurance under a franchise agreement or upon a wholesale basis
may be written under rates more or less than the usual rates for
 such     the  insurance.