BILL NUMBER: SB 168	INTRODUCED
	BILL TEXT


INTRODUCED BY   Senator Gaines

                        FEBRUARY 5, 2015

   An act to amend Section 900 of the Insurance Code, relating to
insurance.



	LEGISLATIVE COUNSEL'S DIGEST


   SB 168, as introduced, Gaines. Insurance: annual statements.
   Existing law provides for the regulation of insurers by the
Insurance Commissioner. Existing law requires every insurer, each
year on or before the first day of March, to make and file with the
Insurance Commissioner statements exhibiting its condition and
affairs as of the previous December 31.
   This bill would make technical, nonsubstantive changes to 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 1.  Section 900 of the Insurance Code is amended to read:
   900.  (a)  On or before the first day of March of each
year   Each year, on or before the first day of March,
 every insurer doing business in this state shall make and file
with the commissioner, in the number, form, and by the methods
prescribed by the commissioner, statements exhibiting its condition
and affairs as of the previous December 31. If the first day of March
falls on a day other than a business day, the filing is due to the
commissioner by the first business day preceding the first day of
March.
   (b) Each year, on or before the following dates, every insurer
doing business in this state shall make and file with the
commissioner, in the number, form, and methods prescribed by the
commissioner, statements exhibiting its condition and affairs for the
period beginning on January 1 of the current calendar year through
the end of each quarter of the current year as described below. These
quarterly filings shall cover the period of time beginning January 1
of the current year through and including the last day of the
quarter for which the report is being made. The first quarter filing
shall be filed with the commissioner on or before May  15th
  15  of every year. The second quarter filing
shall be filed with the commissioner on or before August 
15th   15  of every year. The third quarter filing
shall be filed with the commissioner on or before November 
15th   15  of every year. If any of these dates
fall on a day other than a business day, then the filing is due to
the commissioner by the first business day preceding that date.