Jose Solorio
- Democratic
Author
(1) Existing law provides for the Insurance Commissioner to issue a communications equipment insurance agent license to a communications equipment vendor, as defined, authorizing the vendor to sell or offer to its customers insurance covering communications equipment and the sale or provision of services for communications equipment. Existing law authorizes employees and franchisees of the vendor to be listed as endorsees on the license for the purpose of selling or offering communications equipment insurance under the authority of the agent's license. Existing law imposes certain requirements on the licensees and endorsees with respect to training and other related matters. Existing law makes it a crime to sell or offer for sale communications equipment insurance without a production agency license. This bill would revise and recast the above provisions by deleting the term communications equipment and replacing it with the term portable electronics, as defined. The bill would authorize endorsees, defined as employees and authorized representatives of the portable electronics vendor, to sell or offer portable electronics insurance pursuant to the authority of the vendor's portable electronics insurance agent license, as provided. The bill would also make changes to vendor reporting, endorsee compensation, and recordkeeping requirements, and would expand the types of products for which a license is required in order to sell portable electronics insurance. Because this bill would expand the scope of a crime by expanding the scope of the products for which portable electronics insurance license is required, the bill would impose a state-mandated local program. (2) The California Constitution requires the state to reimburse local agencies and school districts for certain costs mandated by the state. Statutory provisions establish procedures for making that reimbursement. This bill would provide that no reimbursement is required by this act for a specified reason.
Approved by the Governor.
Chaptered by Secretary of State - Chapter 165, Statutes of 2011.
Enrolled and presented to the Governor at 1:30 p.m.
Senate amendments concurred in. To Engrossing and Enrolling. (Ayes 77. Noes 0. Page 2324.).
In Assembly. Concurrence in Senate amendments pending. May be considered on or after July 13 pursuant to Assembly Rule 77.
Read third time. Passed. Ordered to the Assembly. (Ayes 37. Noes 0. Page 1787.).
Ordered to special consent calendar.
Read second time. Ordered to third reading.
From committee: Be placed on second reading file pursuant to Senate Rule 28.8.
From committee: Do pass and re-refer to Com. on APPR. (Ayes 9. Noes 0.) (June 8). Re-referred to Com. on APPR.
From committee chair, with author's amendments: Amend, and re-refer to committee. Read second time, amended, and re-referred to Com. on INS.
Read third time. Passed. Ordered to the Senate. (Ayes 70. Noes 0. Page 1354.)
In Senate. Read first time. To Com. on RLS. for assignment.
Read second time. Ordered to consent calendar.
From committee: Do pass. To consent calendar. (Ayes 17. Noes 0.) (May 4).
From committee chair, with author's amendments: Amend, and re-refer to Com. on APPR. Read second time and amended.
In committee: Set, first hearing. Hearing canceled at the request of author.
From committee: Do pass and re-refer to Com. on APPR. with recommendation: to consent calendar. (Ayes 11. Noes 0.) (March 30). Re-referred to Com. on APPR.
From printer. May be heard in committee March 20.
Read first time. To print.
| Bill Text Versions | Format |
|---|---|
| AB690 | HTML |
| 02/17/11 - Introduced | |
| 04/25/11 - Amended Assembly | |
| 05/27/11 - Amended Senate | |
| 07/15/11 - Enrolled | |
| 08/03/11 - Chaptered |
| Document | Format |
|---|---|
| No related documents. |
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