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

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

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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-Amended.html

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BILL NUMBER: AB 725	AMENDED
	BILL TEXT

	AMENDED IN ASSEMBLY  MARCH 25, 2009

INTRODUCED BY   Assembly  Member   Jones
  Members   Jones   and Torres 
    (   Coauthors:  Assembly Members  
Hall   and Price   ) 
    (   Coauthor:   Senator  
DeSaulnier   ) 

                        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 amended, 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 until January 1, 2016, and as of that date is repealed,
unless a later enacted statute, that is enacted before January 1,
2016, deletes or extends that date.