BILL ANALYSIS                                                                                                                                                                                                    �



                                                                  AB 2084
                                                                  Page  1


          ASSEMBLY THIRD READING
          AB 2084 (Solorio)
          As Amended  May 25, 2012
          Majority vote 

           INSURANCE           13-0        APPROPRIATIONS      17-0        
           
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          |Ayes:|Solorio, Hagman,          |Ayes:|Fuentes, Harkey,          |
          |     |Bradford,                 |     |Blumenfield, Bradford,    |
          |     |Charles Calderon, Carter, |     |Charles Calderon, Campos, |
          |     |Feuer,                    |     |Davis, Donnelly, Gatto,   |
          |     |Beth Gaines, Hayashi,     |     |Ammiano, Hill, Lara,      |
          |     |Miller, Olsen, Skinner,   |     |Mitchell, Nielsen, Norby, |
          |     |Torres, Wieckowski        |     |Solorio, Wagner           |
           ----------------------------------------------------------------- 

           SUMMARY  :   Expands the list of eligible policyholders who can 
          purchase blanket insurance.  Specifically, this bill  :  

          1)Expands the list of eligible policyholders who can purchase 
            blanket insurance to include:

             a)   Any governmental fire department, emergency medical 
               services company or similar volunteer or governmental 
               organization, in the event of an accident incurred during 
               activities related to the functions of these organizations.

             b)   A sports team, camp or sponsor of a sports team or camp, 
               providing benefits to participants, campers, or supervisors 
               for accidents or sickness, provided the sickness first 
               arises during the activities associated with the 
               organization.

             c)   An employer providing accident benefits to any group of 
               workers, dependents or guests, limited to hazards incident 
               to the activities or operations of the employer.

             d)   A common carrier or other owner, operator or lessor of a 
               means of transportation, providing accident benefits to any 
               group of persons who may be lessees or passengers or the 
               carrier.

             e)   An entertainment production company providing accident 








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               benefits to any group of participants, volunteers, audience 
               members, contestants, employees or independent contractors 
               while engaged in the activities of the production company.

          2)Authorizes the Insurance Commissioner (commissioner) to, in 
            his or her discretion, add other classes of entities that may 
            be eligible to purchase blanket insurance.

           EXISTING LAW  :

          1)Defines blanket insurance as a form of insurance that provides 
            coverage for specified circumstances, and insuring a class of 
            persons by reference to a description of that class, and not 
            by specifically naming the persons covered.

          2)Limits the classes of persons who may be covered by blanket 
            insurance by specifying who may be a policyholder, and the 
            scope of coverage that the particular policyholder may 
            purchase.  The existing eligible policyholders include:

             a)   A volunteer fire department.

             b)   A college, school or other institution of learning, a 
               school district, providing benefits to students without 
               restriction as to activity time or place, and to teachers 
               or other employees while performing actions incident to 
               special duties related to extracurricular activities.

             c)   A camping institution providing benefits to 
               participants, campers, or supervisors for accidents or 
               sickness, provided the sickness first arises during the 
               activities associated with the organization.

             d)   A newspaper, magazine or other publication, providing 
               benefits to independent contractors such as carriers, 
               newsboys, dealers, distributors, wholesalers or others 
               engaged in the marketing or delivery of the publication.

           FISCAL EFFECT  :   According to the Assembly Appropriations 
          Committee, Insurance Fund (special fund) costs of up to $85,000 
          in the first year, and up to $100,000 ongoing, due to increased 
          policy form filings with the Department of Insurance.

           COMMENTS  :  According to the sponsor, American International 








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          Group (AIG), blanket insurance is a valuable tool to control 
          risk for a broad array of organizations that carry on group 
          activities involving participants or other people not 
          specifically known to the organization in advance, or, if known, 
          the identities of the participants are constantly changing 
          within the class of people participating in the activities.  
          However, the law has not evolved in many years, and as a result 
          numerous organizations that would like to purchase blanket 
          insurance are unable to do so because California law is 
          outdated.  The modernization of the blanket insurance law will 
          enable California organizations that wish to purchase this 
          protection for those participating in their activities to do so.

          Because California law restricts who may be a purchaser of 
          blanket insurance, admitted (licensed) insurers are barred from 
          selling this coverage to any policyholder not specified in the 
          statute.  However, any Californian has the right, under the law 
          governing nonadmitted or surplus line insurance to buy insurance 
          from unlicensed companies if an insurance need is not being met 
          by admitted insurers.  As a result, any organization not 
          authorized by statute must seek this coverage in the nonadmitted 
          market, or forego the protection.  As a general rule, the law 
          and public policy favor the use of admitted insurers due to the 
          vastly superior regulatory environment that governs admitted 
          insurers.  According to AIG, its primary competitors in this 
          market are nonadmitted carriers such as Lloyd's of London.


           Analysis Prepared by  :    Mark Rakich / INS. / (916) 319-2086 


                                                                FN: 0003947