BILL ANALYSIS                                                                                                                                                                                                    �



                                                                  AB 1416
                                                                  Page  1

          Date of Hearing:   May 18, 2011

                        ASSEMBLY COMMITTEE ON APPROPRIATIONS
                                Felipe Fuentes, Chair

           AB 1416 (Committee on Insurance Committee) - As Amended:  April 
                                      15, 2011 

          Policy Committee:                              InsuranceVote:12 
          - 0 

          Urgency:     No                   State Mandated Local Program: 
          No     Reimbursable:              

           SUMMARY  

          This is the annual omnibus Assembly Insurance Committee bill.  
          This bill repeals obsolete insurance code provisions and makes 
          technical corrections and updates to the codes. 

           FISCAL EFFECT  

          There are no significant costs associated with this legislation.

           COMMENTS  

           Rationale  . Each year the Assembly Insurance Committee introduces 
          a set of committee bills, authored by a majority of the 
          committee members, to address non-controversial insurance 
          issues.  This bill contains language recommended by the 
          Insurance Commissioner and the Department of Insurance to remove 
          inconsistencies within existing laws governing the business of 
          insurance, and to clarify and clean-up several code sections.  


           Analysis Prepared by  :    Julie Salley-Gray / APPR. / (916) 
          319-2081