CA AB2734

Raises threshold for monthly tax installment payments from $5,000 to $20,000 for surplus line brokers and insurers in California.

Authorizes nonprofit cooperative assessment associations restricted to labor union members to provide job protection benefits including accidental death benefits, and prohibits membership in any insurance guaranty association in the state.

Changes motor vehicle liability insurance loss experience reporting from annual to biennial submission to the commissioner, while requiring statewide summary data annually and making reported data public biennially.

Reduces reinsurance trust fund surplus requirements from 50% to as low as 30% of liabilities under specified circumstances, and shortens public notice period for certified reinsurer applications from 90 to 30 days.

Permits $5,000,000 autonomous vehicle insurance coverage requirement to be satisfied through an instrument of insurance, in addition to surety bonds or self-insurance.