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CA SB788
Bill
AI Summary
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Requires the Insurance Commissioner to collect federal employer identification numbers from partnerships and social security numbers (or individual taxpayer identification numbers for individuals) from insurance license applicants and licensees at the time of issuance or renewal.
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Limits the California Public Records Act exemption to only the federal employer identification numbers and social security/individual taxpayer identification numbers themselves, not other applicant or licensee information.
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Specifies that collected identification numbers may only be disclosed to the Franchise Tax Board, law enforcement, or regulatory agencies for constitutional or statutory duties, with law enforcement agencies required to keep the information confidential.
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Effective July 1, 2018, authorizes the Commissioner to require either a social security number or individual taxpayer identification number from individuals applying for or renewing production agency licenses under Chapter 1 of the Insurance Code.
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Establishes that identification numbers must be used exclusively for licensing, administration, and tax identification purposes and are exempt from public disclosure except as specifically authorized.
Legislative Description
Insurance: licensing: requirements.
Last Action
Chaptered by Secretary of State. Chapter 487, Statutes of 2017.
10/4/2017