Bill > SB712

This bill makes several changes to California's insurance laws, including clarifying what constitutes unfair business practices by insurers, requiring property and casualty insurers to submit actuarial opinions and summaries to the commissioner, and specifying that these actuarial documents are confidential and privileged, with exceptions for disciplinary proceedings or regulatory actions. It also adjusts provisions related to bonds for workers' compensation claims, clarifies the role of the California Life and Health Insurance Guarantee Association in consumer disclosures, and exempts certain member insurers from amendments made in 2010 if they were already in liquidation. Additionally, the bill updates the heading for "Portable Electronics Insurance," requires insurers to report data on replacement and lapse rates for long-term care insurance agents, modifies procedures for the commissioner's oversight of domestic societies, clarifies the custody of securities for the State Compensation Insurance Fund, and specifies how deposits made to the state treasury for insurance purposes are handled. Finally, it repeals a specific section of a 2010 statute.