Bill Text: CA AB1010 | 2013-2014 | Regular Session | Introduced

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Bill Title: Financial statements: workers' compensation insurers: publication.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2014-02-03 - From committee: Filed with the Chief Clerk pursuant to Joint Rule 56. [AB1010 Detail]

Download: California-2013-AB1010-Introduced.html

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BILL NUMBER: AB 1010	INTRODUCED
	BILL TEXT


INTRODUCED BY   Assembly Member Hueso

                        FEBRUARY 22, 2013

   An act to add Section 901 to the Insurance Code, relating to
financial statements.


	LEGISLATIVE COUNSEL'S DIGEST


   AB 1010, as introduced, Hueso. Financial statements: workers'
compensation insurers: publication.
   Existing law requires every insurer doing business in this state
to make and file with the Insurance Commissioner annual and quarterly
financial statements, as prescribed.
   This bill would require that those annual and quarterly financial
statements filed with the commissioner by workers' compensation
insurers be published on the Department of Insurance's Internet Web
site.
   Vote: majority. Appropriation: no. Fiscal committee: yes.
State-mandated local program: no.


THE PEOPLE OF THE STATE OF CALIFORNIA DO ENACT AS FOLLOWS:

  SECTION 1.  Section 901 is added to the Insurance Code, to read:
   901.  Annual and quarterly financial statements, filed with the
commissioner pursuant to Section 900, by insurers engaged in the
business of workers' compensation insurance shall be published on the
department's Internet Web site.