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CA AB1004

Bill

Status

Introduced

2/18/2011

Primary Sponsor

Curt Hagman

Click for details

Origin

State Assembly

2011-2012 Session

AI Summary

  • Requires the Conservation and Liquidation Office to report and publish all allowed claims on a quarterly basis through public court filings in pending liquidation proceedings

  • Mandates the Conservation and Liquidation Office to contact claimants with written notice of determination including an estimated distribution timeline and an opt-out option for the reporting and publication process

  • Requires the receiver, Commissioner, or Conservation and Liquidation Office to process assigned claims within 21 days upon receipt of notice that an allowed claim has been transferred to another party

Legislative Description

Insurance: Conservation and Liquidation Office:

Last Action

Died pursuant to Art. IV, Sec. 10(c) of the Constitution. From committee: Filed with the Chief Clerk pursuant to Joint Rule 56.

2/1/2012

Committee Referrals

Insurance3/31/2011

Full Bill Text

No bill text available