Insurance: agents and brokers: senior designation: use.

Existing law provides that a broker or agent may not use a senior designation unless he or she has met certain conditions, including, but not limited to, that the broker or agent has been granted the right and is currently authorized to use the senior designation by the organization that issues the designation, and the senior designation has been approved by the Insurance Commissioner for use by brokers and agents in the sale of insurance to seniors, as provided. This bill would require that the commissioner approve a senior designation only if the organization that issues the designation satisfies specified requirements, including, but not limited to, accreditation standards, education and examination requirements, and having minimum standards and procedures regarding disciplining the organization's designees for improper or unethical conduct. The bill would authorize the commissioner to rescind approval of a designation, under specified circumstances, after notice and a hearing conducted by an administrative law judge, pursuant to the administrative adjudication formal hearing provisions of the Administrative Procedure Act. This bill would also make conforming changes and delete obsolete provisions.