Bill Text: CA AB2848 | 2015-2016 | Regular Session | Introduced

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Bill Title: Insurance.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Failed) 2016-11-30 - From committee without further action. [AB2848 Detail]

Download: California-2015-AB2848-Introduced.html

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BILL NUMBER: AB 2848	INTRODUCED
	BILL TEXT


INTRODUCED BY   Assembly Member Brown

                        FEBRUARY 19, 2016

   An act to add Sections 49 and 124.6 to the Insurance Code,
relating to insurance.


	LEGISLATIVE COUNSEL'S DIGEST


   AB 2848, as introduced, Brown. Insurance.
   Existing law divides insurance in this state into classes,
including life and disability insurance, to be regulated by the
Department of Insurance.
   This bill would require the department to develop rules and
regulations for the governance of multiclass insurance, as defined.
   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 49 is added to the Insurance Code, to read:
   49.  "Multiclass insurance" means insurance that provides, in the
same policy or certificate, benefits that fall within more than one
class of insurance pursuant to Section 100, or disability insurance
described in Section 106, that are subject to different regulatory
standards.
  SEC. 2.  Section 124.6 is added to the Insurance Code, to read:
   124.6.  The department shall develop rules and regulations for the
governance of multiclass insurance.