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CA AB1011
Bill
Status
9/28/2010
Primary Sponsor
Dave Jones
Click for details
AI Summary
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Requires admitted insurers in California to biennially report community development investments and community development infrastructure investments to the Insurance Commissioner.
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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.
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Mandates the Department of Insurance identify insurers making green investments on its website and report the aggregate amount of insurer green investments biennially.
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Extends the sunset date for these reporting requirements from January 1, 2011 to January 1, 2015.
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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