California SB1206 amends the Insurance Code to revise insurance regulations, including public adjuster practices, investment rules for the State.
California SB1206 amends the Insurance Code to revise insurance regulations, including public adjuster practices, investment rules for the State Compensation Insurance Fund, and procedures for handling restitution orders. It mandates that public adjusters must post a surety bond and deposit funds in escrow accounts. The bill also modifies investment rules for the State Compensation Insurance Fund, allowing it to invest in certain securities and funds.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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