BILL NUMBER: AB 2367	INTRODUCED
	BILL TEXT


INTRODUCED BY   Assembly Member Charles Calderon

                        FEBRUARY 19, 2010

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



	LEGISLATIVE COUNSEL'S DIGEST


   AB 2367, as introduced, Charles Calderon. Insurance: insurer:
financial statements.
   Existing law requires the commissioner to require every insurer
filing an annual or quarterly statement to use the statement blanks
and applicable instructions for the appropriate year adopted by the
National Association of Insurance Commissioners (NAIC). The
commissioner is authorized to 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 financial condition. The commissioner is required to
notify each insurer of any changes from the NAIC's statement blanks
that the commissioner has determined to be appropriate.
   This bill would require that the notification to each insurer of
any changes from the NAIC's statement blanks that the commissioner
has determined to be appropriate be in writing.
   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
  that  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  (NAIC)  . The statements shall be completed
in conformity with the Accounting Practices and Procedures Manual
adopted by the  National Association of Insurance
Commissioners   NAIC  , 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 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  in writing  of any
changes from the  National Association of Insurance
Commissioners'   NAIC's  statement blanks 
which   that  the commissioner has determined
pursuant to this section to be appropriate.