BILL ANALYSIS
AB 2780
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Date of Hearing: April 21, 2010
ASSEMBLY COMMITTEE ON INSURANCE
Jose Solorio, Chair
AB 2780 (Committee on Insurance) - As Introduced: March 3,
2010
SUBJECT : Insurers: reporting requirements
SUMMARY : Eliminates several insurer annual reporting
requirements, but authorizes the Insurance Commissioner (IC) to
request the information at his or her discretion. Specifically,
this bill :
1)Provides that a report by insurers that write liability
insurance for long-term care facilities or other residential
care facilities for the elderly shall be filed by a date
specified by the IC not more than once in a calendar year.
2)Requires automobile insurers to report specified data relating
to inspections of vehicles for which a property damage claim
was paid at the request of the IC, but not more than annually.
3)Repeals a requirement that the IC report annually to the
Governor and Legislature an analysis relating to the
relationship between uninsured motorists and the affordability
of automobile insurance.
EXISTING LAW :
1)Provides that a report by insurers that write liability
insurance for long-term care facilities or other residential
care facilities for the elderly shall be filed by a date
specified by the IC but no later than July 1 of each calendar
year.
2)Requires automobile insurers to annually report to the IC
specified data relating to inspections of vehicles for which a
property damage claim was paid.
3)Requires the IC to report annually to the Governor and
Legislature on a number of issues, including an analysis
relating to the relationship between uninsured motorists and
the affordability of automobile insurance.
AB 2780
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FISCAL EFFECT : Undetermined.
COMMENTS : The purpose of this committee bill is to reduce or
eliminate the burden of obsolete or unnecessary data reporting
requirements in the Insurance Code. The provisions currently in
the bill have been vetted among the interested parties to ensure
that appropriate data is available, if needed, but excessive
collection of unused data is avoided.
REGISTERED SUPPORT / OPPOSITION :
Support
None received.
Opposition
None received.
Analysis Prepared by : Mark Rakich / INS. / (916) 319-2086