BILL ANALYSIS                                                                                                                                                                                                    Ó



                                                                  AB 2731
                                                                  Page  1

          Date of Hearing:   April 2, 2014

                           ASSEMBLY COMMITTEE ON INSURANCE
                                Henry T. Perea, Chair
           AB 2731 (Committee on Insurance) - As Introduced:  February 25,  
                                        2014
           
          SUBJECT  :   Reporting Requirements

           SUMMARY  :   Clarifies reporting requirements for various reports  
          related to insurance that must be submitted to the Legislature.   
          Specifically,  this bill  :  

          1)Replaces the general requirement that reports be submitted to  
            the Legislature with a requirement that the following reports  
            be submitted to the Assembly and Senate Committees on  
            Insurance:

               a)     Reports regarding the insolvency of an insurer.

               b)     Annual report of the California Life and Health  
                 Insurance Guarantee Association.

               c)     Annual report summarizing the number, type and  
                 disposition of complaints received by the Department of  
                 Insurance.

               d)     Annual report from the California Assigned Risk  
                 Plan.

          2)Repeals a requirement for the Workers' Compensation Insurance  
            Rating Board report to the Legislature regarding workers'  
            compensation issues for the taxi industry by May 1, 2003.

           EXISTING LAW  : 

          1) Requires the submission of numerous reports to the  
            Legislature regarding insurance issues.

           FISCAL EFFECT  :   Undetermined

           COMMENTS  :   

           1)Purpose  .  The committee has received questions from staff  
            within the Department of Insurance regarding to whom in the  








                                                                  AB 2731
                                                                  Page  2

            Legislature the reports should be sent.  This bill resolves  
            those questions by specifying the relevant policy committees  
            in the statutes requiring the reports.  The bill also repeals  
            the reporting requirement on taxi driver wages as the due date  
            for the report has long since passed.

           REGISTERED SUPPORT / OPPOSITION  :   

           Support 
           
          None received

           

          Opposition 
           
          None received
           
          Analysis Prepared by  :    Paul Riches / INS. / (916) 319-2086