CA SB1271

Extends the authorization for the Bureau of Security and Investigative Services to issue private investigator licenses to limited liability companies from January 1, 2021 to January 1, 2024.

Requires limited liability companies with five or fewer members to maintain at least $1,000,000 in liability insurance, with an additional $100,000 per member above five (capped at $5,000,000 maximum).

Makes conforming changes to definitions and application requirements to remove references to limited liability company members and managers after January 1, 2024, when LLC licensure authority expires.

Specifies that members of an LLC become personally liable for up to $1,000,000 each if the company's license is suspended for failure to maintain required insurance.

Provides that no state reimbursement is required because any local costs result from changes in crime definitions or penalties under Government Code Section 17556.