BILL NUMBER: SB 36	AMENDED
	BILL TEXT

	AMENDED IN SENATE  APRIL 8, 2013

INTRODUCED BY   Senator  Rubio   Hueso 

                        DECEMBER 4, 2012

   An act  relating to the Safe, Clean, and Reliable Drinking
Water Supply Act of 2012   to add Section  
901 to the Insurance Code, relating to financial statements  .


	LEGISLATIVE COUNSEL'S DIGEST


   SB 36, as amended,  Rubio   Hueso  .
 Safe, Clean, and Reliable Drinking Water Supply Act of 2012.
  Financial statements: workers' compensation insurers:
publication.  
   Existing law requires every insurer doing business in this state
to make and file with the Insurance Commissioner annual and quarterly
financial statements, as prescribed.  
   This bill would require that those annual and quarterly financial
statements filed with the commissioner by workers' compensation
insurers be published on the Department of Insurance's Internet Web
site.  
   Existing law creates the Safe, Clean, and Reliable Drinking Water
Supply Act of 2012, which, if approved by the voters, would authorize
the issuance of bonds in the amount of $11,140,000,000 pursuant to
the State General Obligation Bond Law to finance a safe drinking
water and water supply reliability program. Existing law provides for
the submission of the bond act to the voters at the November 4,
2014, statewide general election.  
   This bill would declare the intent of the Legislature to amend the
Safe, Clean, and Reliable Drinking Water Supply Act of 2012 for the
purpose of reducing the amount of the $11,140,000,000 bond. 

   Vote: majority. Appropriation: no. Fiscal committee:  no
  yes  . State-mandated local program: no.


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

   SECTION 1.    Section 901 is added to the  
Insurance Code   , to read:  
   901.  Annual and quarterly financial statements, filed with the
commissioner pursuant to Section 900, by insurers engaged in the
business of workers' compensation insurance shall be published on the
department's Internet Web site.  
  SECTION 1.    It is the intent of the Legislature
to amend the Safe, Clean, and Reliable Drinking Water Supply Act of
2012 for the purpose of reducing the amount of the $11,140,000,000
bond.