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CA AB3180
Bill
Status
Introduced
2/16/2018
Primary Sponsor
Jim Frazier
Click for details
AI Summary
- Increases the maximum fine for insurance misrepresentation violations under California Insurance Code Section 782 from $25,000 to $30,000
- Applies to persons who violate provisions prohibiting misrepresentations about insurance policy terms or misrepresentations made to induce policy issuance or lapse
- Maintains existing penalty provisions allowing fines up to 3 times the victim's loss (if exceeding $10,000) and/or county jail imprisonment for up to one year
- Requires restitution to victims ordered under Penal Code Section 1202.4 to be satisfied before any fine is collected
- Introduced February 16, 2018 by Assembly Member Frazier
Legislative Description
Insurance: misrepresentations.
Last Action
In committee: Set, first hearing. Hearing canceled at the request of author.
4/18/2018
Committee Referrals
Insurance3/12/2018
Full Bill Text
No bill text available