Bill Text: CA AB2279 | 2013-2014 | Regular Session | Introduced

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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Bill Title: Insurance: life agents.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Passed) 2014-07-09 - Chaptered by Secretary of State - Chapter 108, Statutes of 2014. [AB2279 Detail]

Download: California-2013-AB2279-Introduced.html

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BILL NUMBER: AB 2279	INTRODUCED
	BILL TEXT


INTRODUCED BY   Assembly Member Hagman

                        FEBRUARY 21, 2014

   An act to amend Section 1749.01 of the Insurance Code, relating to
insurance.


	LEGISLATIVE COUNSEL'S DIGEST


   AB 2279, as introduced, Hagman. Insurance: life agents.
   Under existing law, applicants for a license as a property
broker-agent, casualty broker-agent, limited lines automobile
insurance agent, personal lines broker-agent, life-only agent, or
accident and health agent are required to meet specified prelicensing
education requirements and postlicensing continuing education
requirements. A life agent who is limited by the terms of a written
agreement with an insurer to transact only specific life insurance
policies or annuities that have an initial face amount of $15,000 or
less that are designated by the purchaser for the payment of funeral
and burial expenses is not required to meet those education
requirements.
   This bill would make technical, nonsubstantive changes to that
provision.
   Vote: majority. Appropriation: no. Fiscal committee: no.
State-mandated local program: no.


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

  SECTION 1.  Section 1749.01 of the Insurance Code is amended to
read:
   1749.01.  Sections 1749 and 1749.3 shall not apply to a life agent
who is limited by the terms of a written agreement with the insurer,
which filed on that life agent's behalf a notice of appointment with
the commissioner, to transact only specific life insurance policies
or annuities  having   that have  an
initial face amount of fifteen thousand dollars ($15,000) or less
that are designated by the purchaser for the payment of funeral and
burial expenses. The commissioner may require the insurer appointing
those life agents to certify as to the limitations of the agents'
representation.