Amends various sections of the California Insurance Code.
Amends the California Insurance Code to update the definition of "agent" to "individual insurance licensee" in certain provisions. Modifies the requirements for notifying the commissioner of changes in background information for insurance applicants and licensees. Updates the definition of "vehicle service contract" to include additional benefits. Adjusts the allocation of funds in civil actions related to insurance fraud. Repeals and adds sections to the Insurance Code to update investment and licensing provisions.
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- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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