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CA AB1334
Bill
Status
2/1/2018
Primary Sponsor
Blanca Rubio
Click for details
AI Summary
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Repeals existing Section 1802.75 of the Insurance Code requiring the Insurance Commissioner to examine bail license applicants' books and records at state expense.
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Requires the Insurance Commissioner to examine the books and affairs of bail license applicants prior to licensure and at any other time deemed necessary in the commissioner's discretion.
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Shifts examination costs from the Department of Insurance to the person or corporation being examined.
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Grants the commissioner the same rights and authority as provided in Insurance Code Sections 733 and 734 when conducting examinations.
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Makes examined parties subject to the same terms and obligations described in Insurance Code Section 736.
Legislative Description
Bail licenses: examination of books.
Last Action
From committee: Filed with the Chief Clerk pursuant to Joint Rule 56.
2/1/2018