Insurance Commissioner: legislative reporting.

Existing law generally regulates the business of insurance in the state. Existing law provides for the powers and duties of the Insurance Commissioner, including the duty to annually report specified insurer data to the Governor, the Legislature, and the committees of the Senate and the Assembly with jurisdiction over insurance. Existing law requires an insurer doing business in California to file specified certain statements with the National Association of Insurance Commissioners (NAIC) , grants NAIC specified immunities when collecting data as an agent of the Insurance Commissioner, and requires various NAIC standards to be met. This bill would require the Insurance Commissioner to provide a regular presentation on the NAIC accreditation process to the committees of the Senate and the Assembly with jurisdiction over insurance, and would require the presentation to meet specified criteria. The bill would require the department to include the information presented in a written report provided to relevant legislative committees and posted to the department's internet website, as specified. The bill would authorize the department to coordinate with NAIC to have NAIC make a presentation at its national meeting in lieu of the commissioner's presentation if certain criteria are met, including that the department reports specified information in writing to relevant legislative committees annually or at least once during a legislative session.