Amended IN Senate March 20, 2017 CALIFORNIA LEGISLATURE 20172018 REGULAR SESSION Senate Bill No. 425Introduced by Senator MendozaFebruary 15, 2017 An act to amend Section 10191.1 of the Insurance Code, relating to insurance. LEGISLATIVE COUNSEL'S DIGESTSB 425, as amended, Mendoza. Insurance: life and disability file review.Existing law provides for the regulation of life and disability insurance by the Department of Insurance. Existing law authorizes the Insurance Commissioner, in order to streamline the departments file review process for life and disability insurance forms, to develop and publish procedural requirements for file submission, guidelines and checklists that list and interpret applicable required and optional insurance statutes and regulations, and standard insurance contract language previously approved by the department.This bill would state the intent of the Legislature to authorize the department to provide, when applicable, an expedited policy approval process, as specified. additionally authorize the commissioner to develop and publish an expedited policy form approval application.Digest Key Vote: MAJORITY Appropriation: NO Fiscal Committee: NOYES Local Program: NO Bill TextThe people of the State of California do enact as follows:SECTION 1. Section 10191.1 of the Insurance Code is amended to read:10191.1. (a) In order to streamline the departments file review process for life and disability insurance forms, the commissioner may develop and publish all of the following:(1) Procedural requirements for file submission.(2) Guidelines and checklists that list and interpret applicable required and optional insurance statutes and regulations.(3) Standard insurance contract language previously approved by the department.(4) An expedited policy form approval application.(b) Documented use of the published standards described in paragraphs (1) to (3), (4), inclusive, of subdivision (a) will enable the department to expedite its review process. In order to expedite file review, an expanded cover letter, in a format published by the department, shall be used to clearly document and demonstrate compliance with those standards.(c) A publication developed pursuant to this section shall be made available on a dedicated page of the departments Internet Web site.(d)It is the intent of the Legislature to authorize the department to provide, when applicable, an expedited policy approval process similar to the process administered by the Interstate Insurance Product Regulation Compact, based on a review of the study described in paragraph (1) of subdivision (a) of Section 10191.5.
Amended IN Senate March 20, 2017 CALIFORNIA LEGISLATURE 20172018 REGULAR SESSION Senate Bill No. 425Introduced by Senator MendozaFebruary 15, 2017 An act to amend Section 10191.1 of the Insurance Code, relating to insurance. LEGISLATIVE COUNSEL'S DIGESTSB 425, as amended, Mendoza. Insurance: life and disability file review.Existing law provides for the regulation of life and disability insurance by the Department of Insurance. Existing law authorizes the Insurance Commissioner, in order to streamline the departments file review process for life and disability insurance forms, to develop and publish procedural requirements for file submission, guidelines and checklists that list and interpret applicable required and optional insurance statutes and regulations, and standard insurance contract language previously approved by the department.This bill would state the intent of the Legislature to authorize the department to provide, when applicable, an expedited policy approval process, as specified. additionally authorize the commissioner to develop and publish an expedited policy form approval application.Digest Key Vote: MAJORITY Appropriation: NO Fiscal Committee: NOYES Local Program: NO
Amended IN Senate March 20, 2017
Amended IN Senate March 20, 2017
CALIFORNIA LEGISLATURE 20172018 REGULAR SESSION
Senate Bill No. 425
Introduced by Senator MendozaFebruary 15, 2017
Introduced by Senator Mendoza
February 15, 2017
An act to amend Section 10191.1 of the Insurance Code, relating to insurance.
LEGISLATIVE COUNSEL'S DIGEST
## LEGISLATIVE COUNSEL'S DIGEST
SB 425, as amended, Mendoza. Insurance: life and disability file review.
Existing law provides for the regulation of life and disability insurance by the Department of Insurance. Existing law authorizes the Insurance Commissioner, in order to streamline the departments file review process for life and disability insurance forms, to develop and publish procedural requirements for file submission, guidelines and checklists that list and interpret applicable required and optional insurance statutes and regulations, and standard insurance contract language previously approved by the department.This bill would state the intent of the Legislature to authorize the department to provide, when applicable, an expedited policy approval process, as specified. additionally authorize the commissioner to develop and publish an expedited policy form approval application.
Existing law provides for the regulation of life and disability insurance by the Department of Insurance. Existing law authorizes the Insurance Commissioner, in order to streamline the departments file review process for life and disability insurance forms, to develop and publish procedural requirements for file submission, guidelines and checklists that list and interpret applicable required and optional insurance statutes and regulations, and standard insurance contract language previously approved by the department.
This bill would state the intent of the Legislature to authorize the department to provide, when applicable, an expedited policy approval process, as specified. additionally authorize the commissioner to develop and publish an expedited policy form approval application.
## Digest Key
## Bill Text
The people of the State of California do enact as follows:SECTION 1. Section 10191.1 of the Insurance Code is amended to read:10191.1. (a) In order to streamline the departments file review process for life and disability insurance forms, the commissioner may develop and publish all of the following:(1) Procedural requirements for file submission.(2) Guidelines and checklists that list and interpret applicable required and optional insurance statutes and regulations.(3) Standard insurance contract language previously approved by the department.(4) An expedited policy form approval application.(b) Documented use of the published standards described in paragraphs (1) to (3), (4), inclusive, of subdivision (a) will enable the department to expedite its review process. In order to expedite file review, an expanded cover letter, in a format published by the department, shall be used to clearly document and demonstrate compliance with those standards.(c) A publication developed pursuant to this section shall be made available on a dedicated page of the departments Internet Web site.(d)It is the intent of the Legislature to authorize the department to provide, when applicable, an expedited policy approval process similar to the process administered by the Interstate Insurance Product Regulation Compact, based on a review of the study described in paragraph (1) of subdivision (a) of Section 10191.5.
The people of the State of California do enact as follows:
## The people of the State of California do enact as follows:
SECTION 1. Section 10191.1 of the Insurance Code is amended to read:10191.1. (a) In order to streamline the departments file review process for life and disability insurance forms, the commissioner may develop and publish all of the following:(1) Procedural requirements for file submission.(2) Guidelines and checklists that list and interpret applicable required and optional insurance statutes and regulations.(3) Standard insurance contract language previously approved by the department.(4) An expedited policy form approval application.(b) Documented use of the published standards described in paragraphs (1) to (3), (4), inclusive, of subdivision (a) will enable the department to expedite its review process. In order to expedite file review, an expanded cover letter, in a format published by the department, shall be used to clearly document and demonstrate compliance with those standards.(c) A publication developed pursuant to this section shall be made available on a dedicated page of the departments Internet Web site.(d)It is the intent of the Legislature to authorize the department to provide, when applicable, an expedited policy approval process similar to the process administered by the Interstate Insurance Product Regulation Compact, based on a review of the study described in paragraph (1) of subdivision (a) of Section 10191.5.
SECTION 1. Section 10191.1 of the Insurance Code is amended to read:
### SECTION 1.
10191.1. (a) In order to streamline the departments file review process for life and disability insurance forms, the commissioner may develop and publish all of the following:(1) Procedural requirements for file submission.(2) Guidelines and checklists that list and interpret applicable required and optional insurance statutes and regulations.(3) Standard insurance contract language previously approved by the department.(4) An expedited policy form approval application.(b) Documented use of the published standards described in paragraphs (1) to (3), (4), inclusive, of subdivision (a) will enable the department to expedite its review process. In order to expedite file review, an expanded cover letter, in a format published by the department, shall be used to clearly document and demonstrate compliance with those standards.(c) A publication developed pursuant to this section shall be made available on a dedicated page of the departments Internet Web site.(d)It is the intent of the Legislature to authorize the department to provide, when applicable, an expedited policy approval process similar to the process administered by the Interstate Insurance Product Regulation Compact, based on a review of the study described in paragraph (1) of subdivision (a) of Section 10191.5.
10191.1. (a) In order to streamline the departments file review process for life and disability insurance forms, the commissioner may develop and publish all of the following:(1) Procedural requirements for file submission.(2) Guidelines and checklists that list and interpret applicable required and optional insurance statutes and regulations.(3) Standard insurance contract language previously approved by the department.(4) An expedited policy form approval application.(b) Documented use of the published standards described in paragraphs (1) to (3), (4), inclusive, of subdivision (a) will enable the department to expedite its review process. In order to expedite file review, an expanded cover letter, in a format published by the department, shall be used to clearly document and demonstrate compliance with those standards.(c) A publication developed pursuant to this section shall be made available on a dedicated page of the departments Internet Web site.(d)It is the intent of the Legislature to authorize the department to provide, when applicable, an expedited policy approval process similar to the process administered by the Interstate Insurance Product Regulation Compact, based on a review of the study described in paragraph (1) of subdivision (a) of Section 10191.5.
10191.1. (a) In order to streamline the departments file review process for life and disability insurance forms, the commissioner may develop and publish all of the following:(1) Procedural requirements for file submission.(2) Guidelines and checklists that list and interpret applicable required and optional insurance statutes and regulations.(3) Standard insurance contract language previously approved by the department.(4) An expedited policy form approval application.(b) Documented use of the published standards described in paragraphs (1) to (3), (4), inclusive, of subdivision (a) will enable the department to expedite its review process. In order to expedite file review, an expanded cover letter, in a format published by the department, shall be used to clearly document and demonstrate compliance with those standards.(c) A publication developed pursuant to this section shall be made available on a dedicated page of the departments Internet Web site.(d)It is the intent of the Legislature to authorize the department to provide, when applicable, an expedited policy approval process similar to the process administered by the Interstate Insurance Product Regulation Compact, based on a review of the study described in paragraph (1) of subdivision (a) of Section 10191.5.
10191.1. (a) In order to streamline the departments file review process for life and disability insurance forms, the commissioner may develop and publish all of the following:
(1) Procedural requirements for file submission.
(2) Guidelines and checklists that list and interpret applicable required and optional insurance statutes and regulations.
(3) Standard insurance contract language previously approved by the department.
(4) An expedited policy form approval application.
(b) Documented use of the published standards described in paragraphs (1) to (3), (4), inclusive, of subdivision (a) will enable the department to expedite its review process. In order to expedite file review, an expanded cover letter, in a format published by the department, shall be used to clearly document and demonstrate compliance with those standards.
(c) A publication developed pursuant to this section shall be made available on a dedicated page of the departments Internet Web site.
(d)It is the intent of the Legislature to authorize the department to provide, when applicable, an expedited policy approval process similar to the process administered by the Interstate Insurance Product Regulation Compact, based on a review of the study described in paragraph (1) of subdivision (a) of Section 10191.5.