Bill Text: CA AB725 | 2009-2010 | Regular Session | Introduced

NOTE: There are more recent revisions of this legislation. Read Latest Draft

---

Bill Title: Auto insurance: low-cost automobile insurance.

Spectrum: Partisan Bill (Democrat 10-0)

Status: (Vetoed) 2010-01-14 - Consideration of Governor's veto stricken from file. [AB725 Detail]

Download: California-2009-AB725-Introduced.html

---

BILL NUMBER: AB 725	INTRODUCED
	BILL TEXT


INTRODUCED BY   Assembly Member Jones

                        FEBRUARY 26, 2009

   An act to amend Section 11629.84 of the Insurance Code, relating
to auto insurance.


	LEGISLATIVE COUNSEL'S DIGEST


   AB 725, as introduced, Jones. Auto insurance: low-cost automobile
insurance.
   Existing law establishes, within the California Automobile
Assigned Risk Plan, a low-cost automobile insurance program. Existing
law establishes the low-cost automobile insurance program in several
specified counties and makes the expansion to all other counties in
California subject to a determination of need made by the Insurance
Commissioner following a public meeting, as specified. Existing law
provides for the issuance of automobile liability policies pursuant
to this program under specified terms and conditions, and provides
that a policy so issued satisfies specified requirements regarding
financial responsibility. Existing law provides that the low-cost
automobile insurance program shall remain in effect only until
January 1, 2011.
   This bill would instead provide that the low-cost automobile
insurance program shall remain in effect until January 1, 2016.
   Vote: majority. Appropriation: no. Fiscal committee: yes.
State-mandated local program: no.


THE PEOPLE OF THE STATE OF CALIFORNIA DO ENACT AS FOLLOWS:

  SECTION 1.  Section 11629.84 of the Insurance Code is amended to
read:
   11629.84.  This article shall remain in effect only until January
1,  2011   2016  , and as of that date is
repealed, unless a later enacted statute, that is enacted before
January 1,  2011   2016  , deletes or
extends that date.