BILL ANALYSIS                                                                                                                                                                                                    



                                                                  AB 299
                                                                  Page  1

          Date of Hearing:   April 22, 2009

                        ASSEMBLY COMMITTEE ON APPROPRIATIONS
                                Kevin De Leon, Chair

           AB 299 (Committee on Insurance) - As Introduced:   February 17,  
                                        2009

          Policy Committee:                              Insurance  
          Vote:9-0

          Urgency:     No                   State Mandated Local Program:  
          No     Reimbursable:              No

           SUMMARY  

          This omnibus committee bill makes several technical amendments  
          to laws governing insurers and insurance products. Specifically,  
          this bill: 

          1)Changes notifications sent to insurers in reciprocal states  
            from annually to once every four years. 

          2)Adds factors for the Insurance Commissioner (IC) of the  
            California Department of Insurance (CDI) to consider for  
            examinations of insurers. 

          3)Makes several corrections to delete obsolete references and  
            clarify current law provisions. 

          4)Clarifies car insurance coverage when child safety seats are  
            damaged, destroyed, or stolen. 

           FISCAL EFFECT  

          Minor absorbable workload to CDI to continue oversight of  
          insurers and insurance products. 

           COMMENTS  

           1)Rationale  . This bill, sponsored by CDI, makes about a series  
            of changes to clarify, correct, or enhance provisions of  
            insurance statutes. 

           2)Related Legislation  . AB 3054 (Committee on Insurance) in 2008  








                                                                  AB 299
                                                                  Page  2

            was identical to this bill. AB 3054 was vetoed. The veto  
            message was not specific to the bill, but was a generic  
            message related to the budget delay. 

           Analysis Prepared by  :    Mary Ader / APPR. / (916) 319-2081