California Assembly Bill AB2128 Introduced / Bill

 BILL NUMBER: AB 2128INTRODUCED BILL TEXT INTRODUCED BY Assembly Member Gaines FEBRUARY 18, 2010 An act to amend Section 7583.40 of the Business and Professions Code, relating to private security services. LEGISLATIVE COUNSEL'S DIGEST AB 2128, as introduced, Gaines. Private security services: insurance policies. The Private Security Services Act provides for the licensure and regulation of private patrol operators by the Bureau of Security and Investigative Services in the Department of Consumer Affairs. Existing law requires a private patrol operator employing a security guard who carries a firearm to maintain an insurance policy that provides minimum limits of insurance of $500,000 for any one loss due to bodily injury or death and $500,000 for any one loss due to injury or destruction of property. This bill would require that insurance policy to provide minimum limits of insurance for an unspecified amount for any one loss due to bodily injury or death and for an unspecified amount for any one loss due to injury or destruction of property. 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 7583.40 of the Business and Professions Code is amended to read: 7583.40. "Insurance policy," as used in this article, means a contract of liability insurance issued by an insurance company authorized to transact business in this state  which   that  provides minimum limits of insurance of  five hundred thousand dollars ($500,000)   ____ ($____)  for any one loss due to bodily injury or death and  five hundred thousand dollars ($500,000  )  ____($____)  for any one loss due to injury or destruction of property.