Bill Text: CA SB748 | 2011-2012 | Regular Session | Introduced

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

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Bill Title: State parks: Kings Beach State Recreation Area.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2012-01-31 - Returned to Secretary of Senate pursuant to Joint Rule 56. [SB748 Detail]

Download: California-2011-SB748-Introduced.html

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BILL NUMBER: SB 748	INTRODUCED
	BILL TEXT


INTRODUCED BY   Senator Gaines

                        FEBRUARY 18, 2011

   An act to amend Section 1749.85 of the Insurance Code, relating to
insurance.


	LEGISLATIVE COUNSEL'S DIGEST


   SB 748, as introduced, Gaines. Insurance: replacement cost.
   Existing law requires the Insurance Commissioner to appoint a
curriculum committee to develop prelicensing and continuing education
curriculum, as specified. Existing law required the curriculum
committee, in 2006, to make recommendations to the commissioner
regarding instructing specified broker-agents and applicants for
those broker-agent licenses in proper methods for estimating the
replacement value of structures and of explaining various levels of
coverage under a homeowners' insurance policy.
   This bill would require the curriculum committee to make
recommendations to the commissioner regarding instructing specified
broker-agents and applicants for those broker-agent licenses in
proper methods for estimating the replacement cost of structures.
   Existing law prohibits a person who is not an insurer,
underwriter, or actuary or other person identified by the insurer, or
a licensed fire and casualty broker-agent, personal lines
broker-agent, contractor, or architect from estimating the
replacement value of a structure, or explaining various levels of
coverage under a homeowners' insurance policy.
   The bill would instead prohibit a person who is not an insurer,
underwriter, or actuary or other person identified by the insurer, or
a licensed fire and casualty broker-agent, personal lines
broker-agent, contractor, or architect from estimating the
replacement cost of a structure.
   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 1749.85 of the Insurance Code is amended to
read:
   1749.85.  (a) The curriculum committee shall  , in 2006,
 make recommendations to the commissioner to instruct fire
and casualty broker-agents and personal lines broker-agents and
applicants for fire and casualty broker-agent and personal lines
broker-agent licenses in proper methods of estimating the replacement
 value   cost  of structures, and of
explaining various levels of coverage under a homeowners' insurance
policy. Each provider of courses based upon this curriculum shall
submit its course content to the commissioner for approval.
   (b) A person who is not an insurer underwriter or actuary or other
person identified by the insurer, or a licensed fire and casualty
broker-agent, personal lines broker-agent, contractor, or architect
shall not estimate the replacement  value   cost
 of a structure, or explain various levels of coverage under a
homeowners' insurance policy.
   (c) This section shall not be construed to preclude licensed
appraisers, contractors and architects from estimating replacement
 value   cost  of a structure.
   (d) However, if the Department of Insurance, by adopting a
regulation, establishes standards for the calculation of estimates of
replacement  value   cost  of a structure
by appraisers, then on and after the effective date of the regulation
a real estate appraiser's estimate of replacement value
  cost  shall be calculated in accordance with the
regulation.