BILL ANALYSIS                                                                                                                                                                                                    



                                                                    AB 1511


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          Date of Hearing:  April 8, 2015


                           ASSEMBLY COMMITTEE ON INSURANCE


                                   Tom Daly, Chair


          AB 1511  
          (Committee on Insurance) - As Introduced March 5, 2015


          SUBJECT:  Insurance:  reports


           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  








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            Rating Board report to the Legislature regarding workers'  
            compensation issues for the taxi industry by May 1, 2003.



           EXISTING LAW  requires the submission of numerous reports to the  
          Legislature regarding insurance issues.


           FISCAL EFFECT  :   Undetermined


           COMMENTS  :   


           1)Purpose  .  The committee has repeatedly received questions from  
            staff within the Department of Insurance regarding where in  
            the Legislature the reports should be sent.  This bill  
            resolves those questions by specifying the relevant policy  
            committees in the statutes that require the reports to be  
            submitted.  The bill also repeals the reporting requirement on  
            taxi driver wages as the due date for the report has long  
            since passed.  In addition, this bill would provide a vehicle  
            for noncontroversial issues that insurance stakeholders might  
            raise during the course of this Legislative Session.



           REGISTERED SUPPORT / OPPOSITION  :   


           Support 


           None received


          Opposition 









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           None received




          Analysis Prepared by:Mark Rakich / INS. / (916) 319-2086