AB 2401

Bill Subjects

Abstract

Existing law requires the Department of Insurance to make available for public inspection on its Internet Web site, among other things, all adopted reports of market conduct examinations of unfair or deceptive practices in the business of insurance, as defined by a specified statute. Upon adopting the report, the Insurance Commissioner is required to transmit a copy of the report to a representative of the examined insurer as designated. The insurer can submit comments to the commissioner regarding the adopted report within 20 business days after transmittal of the adopted report. Existing law also requires the commissioner to publish the adopted report and any comments submitted by the insurer on the department's Internet Web site within 20 business days after transmittal of the adopted report. This bill would increase from 20 business days to 30 calendar days the number of days an insurer has to submit comments to the commissioner after transmittal of the adopted report. This bill would also increase from 20 business days to 30 calendar days the number of days within which the commissioner is required to publish the adopted report and any comments submitted by the insurer.