CA AB2366

Authorizes the Insurance Commissioner to receive and investigate formal written complaints against holders of certificates of authority for firemen's, policemen's, and peace officers' benefit and relief associations.

Allows the Commissioner to hold hearings and request documentation such as financial statements or legal documentation to resolve complaints.

Permits the Commissioner to suspend a certificate of authority if a complaint cannot be resolved in a timely manner, which prohibits the association from adding new members until the issue is corrected.

Permits the Commissioner to rescind a certificate of authority entirely if a complaint cannot be resolved in a timely manner.

Clarifies that the section does not conflict with the Employee Retirement Income Security Act of 1974 (ERISA).