Existing law provides for the powers and duties of the Insurance Commissioner. Existing law authorizes the commissioner to deny an application for a production agency license, or revoke an existing license, if the applicant or licenseholder has engaged in specified activities. Existing law requires a hearing to suspend or revoke a license, registration, or certificate of authority that involves allegations of misconduct perpetrated against a person age 65 or over to be held within 90 days after the department's receipt of the notice of defense, unless a continuance is granted.
This bill would make technical, nonsubstantive changes to those provisions and would require a proceeding as described above to be upon the request of the department. The bill would authorize that hearing to be set on the earliest available date if the Office of Administrative Hearings cannot accommodate the hearing within 90 days after the department's receipt of the notice of defense.
Existing law prohibits the commissioner from approving a disability insurance policy, contract, or supplemental contract for insurance or delivery in this state if it meets certain criteria.
This bill would clarify that the commissioner cannot approve a disability insurance policy, contract, or supplemental contract for issuance or delivery in this state if it meets certain criteria.
Existing law prohibits a life insurance policy issued on or after January 1, 2021, that contains long-term care benefits and permits policy loans or cash withdrawals from prohibiting or limiting a loan or withdrawal while the insured receives payment of long-term care benefits, but authorizes future access to policy loans to be limited to the remaining cash value of the policy.
This bill would additionally authorize future access to cash withdrawals to be limited to the remaining cash value of the policy.

Statutes affected:
SB 1255: 1668 INS, 1668.5 INS, 1669 INS, 1738.5 INS, 10235.45 INS, 10271 INS, 10291.5 INS
02/21/20 - Introduced: 1668 INS, 1668.5 INS, 1669 INS, 1738.5 INS, 10235.45 INS, 10271 INS, 10291.5 INS
05/18/20 - Amended Senate: 1592 INS, 1668 INS, 1668.5 INS, 1669 INS, 1738.5 INS, 10235.45 INS, 10271 INS, 10291.5 INS, 12921.2 INS
SB1255: 1668 INS, 1668.5 INS, 1669 INS, 1738.5 INS, 10235.45 INS, 10271 INS, 10291.5 INS