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CA SB1184

Bill

Official Source

Status

Passed

8/29/2012

Primary Sponsor

Joel Anderson

Click for details

Origin

Senate

2011-2012 Session

AI Summary

  • Prohibits insurance brokers and agents from participating in or being associated with obtaining veterans benefits for seniors unless they maintain procedural safeguards.
  • Requires procedural safeguards ensure that the agent or broker has no direct financial incentive to refer policyholders to government-offered veterans benefits programs.
  • Applies to insurance agents and brokers transacting insurance with seniors (age 65 or older).
  • Adds Section 785.5 to the California Insurance Code.
  • Chaptered as Chapter 222 and approved by the Governor on August 29, 2012.

Legislative Description

Senior insurance: veterans benefits.

Last Action

Chaptered by Secretary of State. Chapter 222, Statutes of 2012.

8/29/2012

Committee Referrals

Appropriations6/20/2012
Insurance5/10/2012
Appropriations4/16/2012
Insurance3/1/2012
Rules2/22/2012

Full Bill Text

No bill text available