SB 36,
as amended, Hueso. begin deleteFinancial statements: end deletebegin insertInternet Web site: end insertworkers’ compensation insurers:begin delete publication.end deletebegin insert workers’ compensation data.end insert
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 requirebegin delete that those annual and quarterly financial statements filed with the commissioner by workers’ compensation insurers be published onend delete the Department ofbegin delete Insurance’send deletebegin insert Insurance to include on itsend insert Internet Web sitebegin insert a dedicated Internet Web page that includes workers’ compensation data, statistics, and
reports covering both insurers and self-insurers. The bill would require the department to only use data already collected by the department or the Department of Industrial Relationsend insert.
Vote: majority. Appropriation: no. Fiscal committee: yes. State-mandated local program: no.
The people of the State of California do enact as follows:
Section 901 is added to the Insurance Code, to
2read:
begin deleteAnnual and quarterly financial statements, filed with the begin insertThe department shall include
4commissioner pursuant to Section 900, by insurers engaged in the
5business of workers’ compensation insurance shall be published
6on the department’s Internet Web site. end delete
7on its Internet Web site a dedicated Internet Web page that includes
8workers’ compensation data, statistics, and reports covering both
9insurers and self-insurers, including, but not limited to, claims
10loss data, expenses, and financial reports. The department shall
11only use data already collected by both the department and the
12Department of Industrial Relations. Nothing in this section
shall
13be construed to authorize the release of information protected by
14other applicable law.end insert
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