Bill Text: CA SB50 | 2015-2016 | Regular Session | Introduced

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Bill Title: Insurance rates.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Failed) 2016-02-01 - Returned to Secretary of Senate pursuant to Joint Rule 56. [SB50 Detail]

Download: California-2015-SB50-Introduced.html

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BILL NUMBER: SB 50	INTRODUCED
	BILL TEXT


INTRODUCED BY   Senator Walters

                        DECEMBER 19, 2014

   An act to amend Section 1853.5 of the Insurance Code, relating to
insurance.


	LEGISLATIVE COUNSEL'S DIGEST


   SB 50, as introduced, Walters. Insurance rates.
   Under existing law, for specified purposes, 2 or more admitted
insurers having a common ownership or operating in this state under
common management or control may act in concert between or among
themselves as if they constituted a single insurer.
   This bill would make technical, nonsubstantive changes to these
provisions.
   Vote: majority. Appropriation: no. Fiscal committee: no.
State-mandated local program: no.


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

  SECTION 1.  Section 1853.5 of the Insurance Code is amended to
read:
   1853.5.  With respect to  any matters pertaining to
 the making of rates or rating systems, the preparation or
making of insurance policy or bond forms, underwriting rules,
surveys, inspections and investigations, the furnishing of loss or
expense statistics or other information and data, or carrying on of
research, two or more admitted insurers having a common ownership or
operating in this  State   state  under
common management or  control,   control 
are hereby authorized to act in concert between or among themselves
 the same  as if they  constituted 
 were  a single  insurer,   insurer
 and  ,  to the extent that  such 
 those  matters relate to  co-surety  
cosurety  bonds, two or more admitted insurers executing
 such   those  bonds are hereby authorized
to act in concert between or among themselves  the same
 as if they constituted a single insurer.