Bill Text: CA SB169 | 2011-2012 | Regular Session | Introduced

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Bill Title: Insurers: examination fees.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2012-01-31 - Returned to Secretary of Senate pursuant to Joint Rule 56. [SB169 Detail]

Download: California-2011-SB169-Introduced.html

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BILL NUMBER: SB 169	INTRODUCED
	BILL TEXT


INTRODUCED BY   Senator Gaines

                        FEBRUARY 3, 2011

   An act to repeal Section 736.5 of the Insurance Code, relating to
insurers.



	LEGISLATIVE COUNSEL'S DIGEST


   SB 169, as introduced, Gaines. Insurers: examination fees.
   Existing law authorizes the Insurance Commissioner, under
specified circumstances, to examine the business and affairs of an
insurer. That examination is required to be at the expense of the
insurer, organization, or person examined by the commissioner, as
specified.
   Existing law prohibits the revenue raised from the examination of
insurers in the 1996-97 fiscal year from exceeding the examination
fee revenue estimate for the 1996-97 Governor's Budget by more than
$2,000,000.
   This bill would delete the provision relating to revenue raised
during the 1996-97 fiscal year.
   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  Section 736.5 of the Insurance Code is repealed.

   736.5.  The provisions of Section 736 notwithstanding, the revenue
raised from the examination of insurers and other persons under this
article in the 1996-97 fiscal year shall not exceed the examination
fee revenue estimate for the 1996-97 Governor's Budget by more than
two million dollars ($2,000,000).