Assembly Bill 1738, the bill that would form a consumer “watchdog” association for the insurance industry, didn’t get far in the California Senate Appropriations Committee. The bill was placed in the “suspense file” on May 15 for further examination of its potential fiscal impact. AB 1738 calls for a special consumer association to participate in insurance regulatory hearings and advocate public policy positions. Insurers would be required to send a membership application to policyholders in all mailings of applications, notices of coverage and billing statements. Industry groups such as the National Association of Independent Insurers (NAII) oppose AB 1738, calling it “unnecessary” and “costly to implement.”
Was this article valuable?
Here are more articles you may enjoy.
NAIC Victim of Cyber Incident Via PeopleSoft System
Virginia’s New Gun Laws Challenged by Some Local Prosecutors and Lawsuits
‘Ghost Broker’ Who Procured 1,120 Policies Through Fraud Arrested
US P/C Rebounds to Post Q1 Underwriting Gain; Net Income Doubles 


