BILL ANALYSIS
AB 2411
Page 1
CONCURRENCE IN SENATE AMENDMENTS
AB 2411 (Jones)
As Amended August 2, 2010
Majority vote
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|ASSEMBLY: |52-22|(June 1, 2010) |SENATE: |27-9 |(August 23, |
| | | | | |2010) |
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Original Committee Reference: INS.
SUMMARY : Establishes a series of disclosures that insurers
selling pet insurance must post on their Internet Web sites and
provide to applicants for pet insurance.
The Senate amendments:
1)Delete the provision that would have created a separate line
of insurance for pet insurance, as well as several Insurance
Code sections that contained conforming amendments required by
the proposal to create a separate line of insurance.
2)Add a provision that requires the California Department of
Insurance (CDI) to post on its Internet Web site a listing of
the insurers that sell pet insurance, along with related
information about the company and its products.
EXISTING LAW allows for the sale of pet insurance, but does not
contain any specific previsions that govern this product.
AS PASSED BY THE ASSEMBLY , this bill contained the same
disclosure requirements currently in the bill, and also
established pet insurance as a separate line of insurance.
FISCAL EFFECT : According to the Senate Appropriations
Committee, less than $150,000 costs to CDI commencing in fiscal
year 2011/12.
Analysis prepared by : Mark Rakich / INS. / (916) 319-2086
FN: 0005735