CA SB1192

Specifies that laws governing firefighters', police officers', and peace officers' benefit and relief associations apply only to the extent not preempted by the federal Employee Retirement Income Security Act of 1974 (ERISA).

Requires associations holding a certificate of authority that issue long-term disability or long-term care policies to submit a qualified actuary opinion by July 1, 2021, confirming reserves are adequate and based on reasonable assumptions, with subsequent opinions required no more than 4 years apart.

Mandates associations seeking a certificate of authority to file an actuary opinion establishing adequate resources to satisfy proposed contractual obligations.

Requires associations that self-fund benefits to include a specific disclosure in all unregulated contracts and coverage certificates stating benefits are not subject to Department of Insurance regulation and not guaranteed by the California Life and Health Insurance Guarantee Association.

Requires associations holding a certificate of authority and issuing long-term disability or long-term care policies to provide members with their contract, certificate, or plan document within 30 days of written request.