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CA AB974

Bill

Official Source

Status

Introduced

2/18/2011

Primary Sponsor

Anthony Portantino

Click for details

Origin

State Assembly

2011-2012 Session

AI Summary

  • Prohibits workers' compensation insurers from including a price differential in rates based on whether the policyholder purchased the policy through a broker
  • Classifies broker-based price differentials as unfairly discriminatory rates that shall not be approved by the Insurance Commissioner
  • Maintains existing requirement that rates must reflect equitably the difference in expected losses and expenses after allowing for practical limitations
  • Allows rate differentials based on different loss exposures or expenses among policyholders with like characteristics, provided the differences are reflected with reasonable accuracy

Legislative Description

Workers' compensation insurance: rates.

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