AB 1511, as introduced, Committee on Insurance. Insurance: reports.
Existing law requires the Insurance Commissioner to submit specified reports, including reports on the insolvency of admitted insurers and the number of complaints by persons aggrieved by a rate charged, to the Governor and the Legislature. Existing law requires the California Life and Health Insurance Guarantee Association to submit a financial report on its activities to the Governor and the Legislature.
This bill would require those reports to be submitted to the Senate Committee on Insurance and the Assembly Committee on Insurance instead of to the Legislature.
Existing law requires the California Automobile Assigned Risk Plan to submit a report regarding the status of the low-cost automobile insurance program administered by the plan to the commissioner annually and as the plan deems prudent.
This bill would require the plan to submit the report to the Senate Committee on Insurance and the Assembly Committee on Insurance, in addition to the commissioner.
Existing law requires a licensed rating organization designated as the commissioner’s statistical agent to prepare a report on the potential underreporting of workers’ compensation exposure in the taxicab industry, and to submit that report to the commissioner by April 1, 2003, and to the Governor and the Legislature by May 1, 2003.
This bill would repeal that provision.
Vote: majority. Appropriation: no. Fiscal committee: no. State-mandated local program: no.
The people of the State of California do enact as follows:
Section 985.5 of the Insurance Code is amended
In the case of the insolvency of an admitted insurer, the
4commissioner shall prepare a report, which shall be a public record,
5with respect to the causes and factors which contributed to that
6insolvency. The report shall be submitted to the
begin delete Governor and to no later than one year
7the Legislatureend delete
9from the date of the insolvency.
Section 1067.13 of the Insurance Code is amended to
The association shall be subject to examination and
13regulation by the commissioner. The board of directors shall submit
14to the commissioner, the Governor,
begin delete and the Legislatureend delete each year, not later than 120 days after the association’s
17fiscal year, a financial report in a form approved by the
18commissioner and a report of its activities during the preceding
19fiscal year. Upon the request of a member insurer, the association
20shall provide the member insurer with a copy of the report.
Section 1858.35 of the Insurance Code is amended to
On or before May 1 of each year, the commissioner
24shall submit a report to the
begin delete Legislatureend delete and the
26Governor stating the number and type of complaints received under
27this article and the status and disposition of these complaints. The
28commissioner may make any recommendations for improving the
29efficiency and effectiveness of complaint handling under this
31No information shall be provided under this section pertaining
32to a specified complaint against a specific insurer or rating
P3 1organization. However, the commissioner may report that
2information in the aggregate.
Section 11629.81 of the Insurance Code is amended
(a) The California Automobile Assigned Risk Plan
6shall report to the
begin delete commissionerend delete on an annual basis, and at those additional times as it
9deems prudent, on the status of the program. The report shall
10include data regarding new policies, renewed policies, and policy
11cancellations or nonrenewals.
12(b) The department shall combine the report pursuant to
13subdivision (a) with the report required by Section 11629.85 and
14submit the combined report to the Legislature on or before March
1515 of each year.
16(c) A report submitted pursuant to subdivision (b) shall be
17submitted in compliance with Section 9795 of the Government
Section 11759.2 of the Insurance Code is repealed.
(a) A licensed rating organization designated as the
21Insurance Commissioner’s statistical agent shall prepare a report
22to be submitted to the Insurance Commissioner by April 1, 2003,
23on the potential underreporting of workers’ compensation exposure
24in the taxicab industry. The report shall include an analysis of
25workers’ compensation exposure, loss, and premium in the taxicab
26industry. The licensed rating organization shall submit a report to
27the Governor, the Legislature, and the commissioner by May 1,
282003, that describes its findings.
29(b) A licensed rating organization designated as the insurance
30commissioner’s statistical agent may confer with state agencies,
31including, but not limited to, the Employment Development
32Department, in the preparation of the study. The state agencies
33shall provide all necessary statistical or other information requested
34by the licensed rating organization designated as the Insurance
35Commissioner’s statistical agent.