Bill Text: CA SB986 | 2017-2018 | Regular Session | Introduced

California Senate Bill 986 (Prior Session Legislation)

Introduced

Bill Title: Insurance Commissioner: data reporting.

Sponsorship: Partisan Bill (Republican 1)

Status: (Introduced - Dead) 2018-02-14 - Referred to Com. on RLS. [SB986 Detail]

Download: California-2017-SB986-Introduced.html

CALIFORNIA LEGISLATURE— 2017–2018 REGULAR SESSION

Senate Bill

No. 986

Introduced by Senator Berryhill

February 05, 2018

An act to amend Section 12963 of the Insurance Code, relating to the Insurance Commissioner.

LEGISLATIVE COUNSEL'S DIGEST

SB 986, as introduced, Berryhill. Insurance Commissioner: data reporting.

Existing law provides for the powers and duties of the Insurance Commissioner, including the duty to submit an annual report to the Governor and the Legislature analyzing specified data collected from insurers. Existing law requires an insurer transacting insurance covering liability for a public entity, as specified, to report specified data to the commissioner by type of claim, upon request of the commissioner.

This bill would make technical, nonsubstantive changes to that provision.

Vote: MAJORITY Appropriation: NO Fiscal Committee: NO Local Program: NO

The people of the State of California do enact as follows:

SECTION 1.

Section 12963 of the Insurance Code is amended to read:

12963.

~~Each~~ An insurer transacting insurance, as defined in Sections 108 and 116, covering liability for ~~any~~ a public entity, as defined in Section 811.2 of the Government Code, where the public entity is the named insured, shall report specified data to the commissioner by type of claim, upon request of the commissioner, which may, for a specified period, include, but not be limited to, the following:

(a) The total number of insureds.

(b) The total amount of premiums received from insureds, both written and earned.

(d) The total number of claims outstanding, together with the monetary amount reserved for loss and allocated loss expense.

(e) The number of claims closed with payment to the claimant, the total monetary amount ~~paid thereon,~~ paid, and the total allocated loss expense ~~paid thereon.~~ paid.

(f) The monetary amount paid on claims with allocated loss expense paid.

(g) The number of claims closed without payment to the claimant and the allocated loss expense ~~paid thereon.~~ paid.

(h) The monetary amount reserved on claims ~~incurred~~ incurred, but not reported to the insurer.

(i) The number of lawsuits filed against the ~~insurers~~ insurer’s insureds.

(j) A distribution by size of payment for those claims closed showing the number of claims and total amount paid for each monetary category, as determined by the commissioner.

As used in this section, the type of claims to be reported shall include, but not be limited to, workers’ compensation, liability, personal injury other than automobile, property damage other than automobile liability, liability based upon the dangerous condition of public property, and other general liability claims.