Insurers: data reporting.

Existing law requires each admitted insurer with premiums written equal to or in excess of $100,000,000 to periodically submit to the Insurance Commissioner a report on its minority, women, and disabled veteran-owned business procurement efforts, as specified, and subjects an insurer to a civil penalty if the insurer fails to file the report. Existing law requires the commissioner to maintain a link on the Internet Web site of the Department of Insurance that provides public access to the contents of each report. Existing law provides that these provisions shall remain in effect until January 1, 2019. This bill would add veteran and lesbian, gay, bisexual, and transgender (LGBT) business enterprises to the entities for which the reporting described above is required. The bill would require each admitted insurer to report information about which procurements are made from minority, women, disabled veteran, veteran, and LGBT business enterprises with at least a majority of the enterprise's workforce in California. The bill would require each admitted insurer to submit a report regarding its governing board and board diversity efforts at the same time that it submits the report on procurement efforts, and would require the Insurance Commissioner to maintain a link on the Internet Web site of the Department of Insurance that provides public access to the contents of each report. The bill would require each report to be submitted on July 1, 2018, and then biennially thereafter. The bill would extend the operation of these provisions to January 1, 2022. Existing law authorizes the commissioner to obtain information from insurers through various means, including an examination of the business and affairs of the insurer, or by the issuance of subpoenas or subpoenas duces tecum for witnesses to attend, testify, and produce documents before him on any subject touching insurance business or in the aid of his duties, as specified. This bill would authorize the commissioner to initiate a data call by bulletin upon reasonable notice to any class of insurers if the data call directly relates to specified subjects. The bill would authorize the commissioner to initiate a data call on other subjects only through an adopted regulation. The bill would require the commissioner to limit the subject of data calls to activity within the state, and would prohibit the commissioner from initiating a data call to obtain information that is otherwise available through other specified means.