CA AB76

Extends the Life and Annuity Consumer Protection Fund through January 1, 2015 (previously set to expire January 1, 2010)

Maintains a $1 fee levied on insurers for each individual life insurance policy and annuity product worth $15,000 or more issued to California residents, with a cap of $5 million annually in the fund

Dedicates 50% of fund revenues to the Insurance Commissioner's department for consumer protection functions including investigations, consumer complaints, education, and product regulation

Allocates 50% of fund revenues to district attorneys for investigating and prosecuting life insurance and annuity product financial abuse cases, with applications and reporting requirements established by the Commissioner

Requires the Insurance Commissioner to annually publish a consolidated report on the department's website detailing consumer complaints, investigations, enforcement actions, and education programs related to life insurance and annuity products