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CA AB1011

Bill

Status

Passed

9/28/2010

Primary Sponsor

Dave Jones

Click for details

Origin

State Assembly

2009-2010 Session

AI Summary

  • Requires admitted insurers in California to biennially report community development investments and community development infrastructure investments to the Insurance Commissioner.

  • Adds "green investments" as a category of community development investments, defined as renewable energy projects, energy efficiency improvements, affordable housing on infill sites, and transit-oriented development that reduce automobile dependency.

  • Mandates the Department of Insurance identify insurers making green investments on its website and report the aggregate amount of insurer green investments biennially.

  • Extends the sunset date for these reporting requirements from January 1, 2011 to January 1, 2015.

  • Amends findings to recognize community development financial institutions' role in providing financial services, renewable energy projects, and affordable housing to underserved communities.

Legislative Description

Insurance: green investments.

Last Action

Chaptered by Secretary of State - Chapter 418, Statutes of 2010.

9/28/2010

Committee Referrals

Rules8/23/2010
Appropriations7/15/2010
Rules6/3/2009
Appropriations4/29/2009
Health4/20/2009
Rules4/16/2009
Insurance3/26/2009

Full Bill Text

No bill text available