California Assembly Bill AB2220 Introduced / Bill

 BILL NUMBER: AB 2220INTRODUCED BILL TEXT INTRODUCED BY Assembly Member Daly FEBRUARY 20, 2014 An act to amend Section 7583.40 of, and to repeal and add Section 7583.39 of, the Business and Professions Code, relating to private security services. LEGISLATIVE COUNSEL'S DIGEST AB 2220, as introduced, Daly. 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 instead require the bureau to require private patrol operator or applicant for licensure, as a condition precedent to licensure or continued licensure, to file or have on file with the bureau an insurance policy that provides minimum limits of insurance of $1,000,000 for any one loss due to bodily injury or death and $1,000,000 for any one loss due to injury or destruction of property. Vote: majority. Appropriation: no. Fiscal committee: yes. State-mandated local program: no. THE PEOPLE OF THE STATE OF CALIFORNIA DO ENACT AS FOLLOWS: SECTION 1. Section 7583.39 of the Business and Professions Code is repealed.  7583.39. No private patrol operator who employs a security guard who carries a firearm as part of his or her duties shall engage in any of the practices for which he or she is required to be licensed by this chapter, unless he or she maintains an insurance policy as defined in Section 7583.40.  SEC. 2. Section 7583.39 is added to the Business and Professions Code, to read: 7583.39. The bureau shall require, as a condition precedent to the issuance, reinstatement, reactivation, renewal, or continued maintenance of a license, that the applicant or licensee file or have on file an insurance policy, as defined in Section 7583.40. SEC. 3. 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   one million  dollars  ($500,000)   ($1,000,000)  for any one loss due to bodily injury or death and  five hundred thousand   one million  dollars  ($500,000)   ($1,000,000)  for any one loss due to injury or destruction of property.