Assembly Insurance Committee

 

The Assembly Insurance Committee met this past Wednesday and heard the following measures:

SB 691 (Lieu): This bill would permit information sharing between the Employment Development Department and the Contractors' State License Board to assist with its workers' compensation fraud investigations.

SB 691 passed the committee with a vote of 13-0.

SB 777 (Lieu): This bill would designate the Director of the Department of Industrial Relations as the public official who determines the reasonableness of requests to share data among state agencies with respect to investigations into whether employers are in compliance with the requirement to maintain workers' compensation coverage.

SB 777 passed the committee with a vote of 9-3.

SB 959 (Lieu): This bill would repeal the statute that provides for a separate reimbursement for implantable medical devices in addition to the reimbursement paid for the hospital facility, which includes the cost of the device.

SB 959 passed the committee with a vote of 13-0.

SB 1105 (Lieu): This bill would add self-insured employee welfare benefit plans to the list of entities entitled to file a lien for the cost of living expense services provided to an injured worker.

SB 1105 passed the committee with a vote of 13-0.

SB 1164 (Emmerson): This bill would extend the sunset date for three years on existing statute that provides immunity to professional liability insurers for explaining the reasons for not renewing a professional liability insurance policy of a healthcare practitioner. 

SB 1164 passed the committee with a vote of 13-0.

SB 1170 (Leno): This bill would expand consumer protections governing the sale of insurance to seniors, and adds specific protections for Senior Veterans.

SB 1170 passed the committee with a vote of 13-0.

SB 1184 (Corbett): This bill would establish conflict of interest rules for insurance agents with respect to veterans benefits.  Specifically, this bill would provide that neither an insurance agent, nor an employee of the agent, may participate in, or be associated with, the obtaining of veterans benefits for a veteran, unless the agent has established and maintains procedural safeguards to ensure that the agent has no direct financial incentive to refer the policyholder or applicant to any governmental veterans benefit program.

SB 1184 passed the committee with a vote of 13-0.

SB 1216 (Lowenthal): This bill would conform California law with recent changes in federal law and the National Association of Insurance Commissioners model law regarding the regulation of reinsurance.

SB 1216 passed the committee with a vote of 13-0.

SB 1448 (Calderon): This bill would conform California law to recent changes in the National Association of Insurance Commissioners model law relating to insurance holding company regulation.

SB 1448 passed the committee with a vote of 8-3.

SB 1450 (Calderon): This bill would temporarily repeal a cap on the level of risk a mortgage guaranty insurer may retain without reinsuring that risk.  Specifically, this bill would repeal, until January 1, 2018, a rule that limits the amount of risk a mortgage guaranty insurer may retain, without reinsuring that risk, to 30% of the value of the first lien mortgage loans on its books and provides that current law is readopted on January 1, 2018.

SB 1450 passed the committee with a vote of 13-0.

SB 1513 (Negrete McLeod): This bill would expand the investment options available to the State Compensation Insurance Fund to include stocks, mortgages, and Federal Home Loan Bank shares.

SB 1513 passed the committee with a vote of 11-0.

 

 

 

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