Bill Text: CA AB1334 | 2017-2018 | Regular Session | Introduced
Bill Title: Bail licenses: examination of books.
Sponsorship: Partisan Bill (Democrat 1)
Status: (Failed) 2018-02-01 - From committee: Filed with the Chief Clerk pursuant to Joint Rule 56. [AB1334 Detail]
Download: California-2017-AB1334-Introduced.html
CALIFORNIA LEGISLATURE—
2017–2018 REGULAR SESSION
| Assembly Bill | No. 1334 |
| Introduced by Assembly Member Rubio |
February 17, 2017 |
An act to repeal and add Section 1802.75 of the Insurance Code, relating to bail licenses.
LEGISLATIVE COUNSEL'S DIGEST
AB 1334, as introduced, Rubio.
Bail licenses: examination of books.
Existing law requires the Insurance Commissioner to make an examination of the books and records of the applicant for a bail license with the costs and expenses of the examination to be paid by the commissioner out of funds appropriated for support of the Department of Insurance.
This bill, among other things, would repeal those provisions and would instead require the commissioner, prior to licensure, and at any other time as he or she deems necessary in his or her discretion, to examine the books and affairs of persons or corporations subject to the bail licensing provisions. The bill would also place the costs of the examination on the person or corporation examined, except as provided.
Digest Key
Vote: MAJORITY Appropriation: NO Fiscal Committee: YES Local Program: NOBill Text
The people of the State of California do enact as follows:
SECTION 1.
Section 1802.75 of the Insurance Code is repealed.The commissioner shall make an examination of the books and records of the applicant. The costs and expenses of the examination shall be paid by the commissioner out of funds appropriated for support of the Department of Insurance.
