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CA AB2781

Bill

Official Source

Status

Passed

8/13/2010

Primary Sponsor

Steven Bradford

Click for details

Origin

State Assembly

2009-2010 Session

AI Summary

  • Removes receivership as a qualification for determining insolvency, requiring only a court order of liquidation with a finding of insolvency (or legislative finding for State Compensation Insurance Fund)

  • Extends the deadline for issuing bonds to provide funds for workers' compensation covered claims from January 1, 2011 to January 1, 2013

  • Maintains the $1.5 billion aggregate principal amount limit for outstanding bonds and 20-year maximum maturity period for bond issuance

Legislative Description

Insurance: Guarantee Association.

Last Action

Chaptered by Secretary of State - Chapter 140, Statutes of 2010.

8/13/2010

Committee Referrals

Appropriations6/17/2010
Rules5/13/2010
Appropriations4/21/2010
Insurance3/25/2010

Full Bill Text

No bill text available