AB 974 — Workers' compensation insurance: rates.
Last action — From committee: Filed with the Chief Clerk pursuant to Joint Rule 56.
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✓Introduced
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2In Committee
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3Passed Assembly
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4Passed Senate
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5To Executive
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6Enacted
This bill died with 2011-2012 Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.
Summary
Existing law regulates the rate that may be charged on workers' compensation insurance and requires every workers' compensation insurer to adhere to a uniform experience rating plan filed with the Insurance Commissioner by a rating organization designated by the commissioner and subject to his or her disapproval. Existing law requires that a rate be adequate to cover an insurer's losses and expenses, not tend to create a monopoly, and not be unfairly discriminatory. Under existing law, rates are unfairly discriminatory if, after allowing for practical limitations, price differentials fail to reflect equitably the difference in expected losses and expenses. This bill would provide that a rate that includes a price differential because the policyholder purchased the policy through a broker is unfairly discriminatory and shall not be approved.
Bill Text
- Amended 03/31/11 - Amended Assembly Current pdf March 31, 2011
- Introduced 02/18/11 - Introduced pdf February 18, 2011
- AB974 View text html
Action History
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From committee: Filed with the Chief Clerk pursuant to Joint Rule 56.
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Died pursuant to Art. IV, Sec. 10(c) of the Constitution.
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Re-referred to Com. on INS.
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From committee chair, with author's amendments: Amend, and re-refer to Com. on INS. Read second time and amended.
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Referred to Com. on INS.
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From printer. May be heard in committee March 22.
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Read first time. To print.
Sponsors
- Portantino · Primary
Sponsorship breakdown
Export CSV (upgrade) →1 sponsors · 0 co-sponsors · 121 not signed on
Sponsors (1)
- Portantino
Co-sponsors (0)
None.
Not signed on (121)
121 members have not signed on to this bill.
Show all 121 →"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.
Subjects
Frequently asked questions
- What does AB 974 do?
- Existing law regulates the rate that may be charged on workers' compensation insurance and requires every workers' compensation insurer to adhere to a uniform experience rating plan filed with the Insurance Commissioner by a rating organization designated by the commissioner and subject to his or her disapproval. Existing law requires that a rate be adequate to cover an insurer's losses and expenses, not tend to create a monopoly, and not be unfairly discriminatory. Under existing law, rates are unfairly discriminatory if, after allowing for practical limitations, price differentials fail to reflect equitably the difference in expected losses and expenses. This bill would provide that a rate that includes a price differential because the policyholder purchased the policy through a broker is unfairly discriminatory and shall not be approved.
- Who sponsors AB 974?
- AB 974 is sponsored by Portantino.
- What is the current status of AB 974?
- This bill died with 2011-2012 Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
- Where can I track AB 974?
- Track AB 974 free on One Click Politics — get push/email alerts when it moves.
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