BILL NUMBER: AB 812	INTRODUCED
	BILL TEXT


INTRODUCED BY   Assembly Member De La Torre

                        FEBRUARY 26, 2009

   An act to amend Section 923 of the Insurance Code, relating to
insurance.



	LEGISLATIVE COUNSEL'S DIGEST


   AB 812, as introduced, De La Torre. Insurance: reports from
insurers.
   Existing law generally requires insurers to annually and quarterly
file reports and statements with the commissioner relating to the
insurer's financial status. Under existing law, the filings are to be
made using statement blanks adopted by the National Association of
Insurance Commissioners, unless the commissioner chooses to modify
the statement blanks or the number or method of filing reports, as
specified.
   This bill would require the commissioner to modify the statement
blanks and the number and method of filing reports, as specified.
   Vote: majority. Appropriation: no. Fiscal committee: yes.
State-mandated local program: no.


THE PEOPLE OF THE STATE OF CALIFORNIA DO ENACT AS FOLLOWS:

  SECTION 1.  Section 923 of the Insurance Code is amended to read:
   923.  The commissioner shall require every insurer which is
required to file an annual or quarterly statement to use the
statement blanks and instructions thereto for the appropriate year
adopted by the National Association of Insurance Commissioners. The
statements shall be completed in conformity with the Accounting
Practices and Procedures Manual adopted by the National Association
of Insurance Commissioners, to the extent that the practices and
procedures contained in the manual do not conflict with any other
provision of this code. The commissioner  may  
shall  make changes from time to time in the form of the
statements and the number and method of filing reports as seem to him
or her best adapted to elicit from the insurers a true exhibit of
their condition. The commissioner shall notify each insurer of any
changes from the National Association of Insurance Commissioners'
statement blanks which the commissioner has determined pursuant to
this section to be appropriate.