BILL ANALYSIS                                                                                                                                                                                                    Ó



                                                                  SB 36
                                                                  Page  1

          Date of Hearing:   August 21, 2013

                        ASSEMBLY COMMITTEE ON APPROPRIATIONS
                                  Mike Gatto, Chair

                     SB 36 (Hueso) - As Amended:  August 8, 2013 

          Policy Committee:                             InsuranceVote:12 -  
          0 

          Urgency:     No                   State Mandated Local Program:  
          No     Reimbursable:              

           SUMMARY  

          This bill requires the California Department of Insurance (CDI)  
          to create a dedicated web page to display specified workers'  
          compensation data, statistics and reports.  The bill limits the  
          information to that already collected by the Department of  
          Industrial Relations and allows CDI to provide direct links to  
          information that is already available on the internet.

           FISCAL EFFECT  

          Costs associated with this legislation should be less than  
          $75,000 (Insurance Fund) to create the initial webpage and less  
          than $25,000 (Insurance Fund) annually to maintain and update  
          the information. 

           COMMENTS  

           1)Intent  . According to the author, there is a large amount of  
            complex information about the workers' compensation system,  
            but it is not easily accessed.  By requiring all of the  
            information to be located on a dedicated page of the CDI  
            website, the author contends it will be easier for the public  
            to access this information.

           2)Background  . Existing law requires every insurer doing business  
            in this state to file annual and quarterly financial  
            statements with the Insurance Commissioner. These reports are  
            submitted on forms promulgated by the National Association of  
            Insurance Commissioners.  Annual and quarterly statements  
            include a multitude of schedules and lists covering a variety  
            of subjects including organizational information; assets;  








                                                                  SB 36
                                                                  Page  2

            liabilities, surplus, and other funds; income; cash flow;  
            losses and loss expenses; ceded reinsurance; holding  
            companies; statements of premium written by line of business;  
            information concerning activities of insurer members; and  
            other financial and operational information.


           Analysis Prepared by  :    Julie Salley-Gray / APPR. / (916)  
          319-2081