BILL ANALYSIS �
AB 2731
Page 1
Date of Hearing: April 2, 2014
ASSEMBLY COMMITTEE ON INSURANCE
Henry T. Perea, Chair
AB 2731 (Committee on Insurance) - As Introduced: February 25,
2014
SUBJECT : Reporting Requirements
SUMMARY : Clarifies reporting requirements for various reports
related to insurance that must be submitted to the Legislature.
Specifically, this bill :
1)Replaces the general requirement that reports be submitted to
the Legislature with a requirement that the following reports
be submitted to the Assembly and Senate Committees on
Insurance:
a) Reports regarding the insolvency of an insurer.
b) Annual report of the California Life and Health
Insurance Guarantee Association.
c) Annual report summarizing the number, type and
disposition of complaints received by the Department of
Insurance.
d) Annual report from the California Assigned Risk
Plan.
2)Repeals a requirement for the Workers' Compensation Insurance
Rating Board report to the Legislature regarding workers'
compensation issues for the taxi industry by May 1, 2003.
EXISTING LAW :
1) Requires the submission of numerous reports to the
Legislature regarding insurance issues.
FISCAL EFFECT : Undetermined
COMMENTS :
1)Purpose . The committee has received questions from staff
within the Department of Insurance regarding to whom in the
AB 2731
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Legislature the reports should be sent. This bill resolves
those questions by specifying the relevant policy committees
in the statutes requiring the reports. The bill also repeals
the reporting requirement on taxi driver wages as the due date
for the report has long since passed.
REGISTERED SUPPORT / OPPOSITION :
Support
None received
Opposition
None received
Analysis Prepared by : Paul Riches / INS. / (916) 319-2086