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AB-1462 Fraternal benefit societies: solicitation.(2017-2018)



Current Version: 02/17/17 - Introduced

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AB1462:v99#DOCUMENT


CALIFORNIA LEGISLATURE— 2017–2018 REGULAR SESSION

Assembly Bill
No. 1462

Introduced by Assembly Member Daly

February 17, 2017

An act to amend Section 11164 of the Insurance Code, relating to insurance.


LEGISLATIVE COUNSEL'S DIGEST


AB 1462, as introduced, Daly. Fraternal benefit societies: solicitation.
Existing law makes it a misdemeanor, punishable by a fine of not less that $100 nor more than $400, for a person not authorized by the Insurance Commissioner to solicit members for the purpose of completing the organization of a fraternal benefit society to solicit membership for, or assisting in procuring membership for, a nonadmitted fraternal benefit society.
This bill would increase the amount of the fine described above to not less than $200 nor more than $500.
Vote: MAJORITY   Appropriation: NO   Fiscal Committee: YES   Local Program: NO  

The people of the State of California do enact as follows:


SECTION 1.

 Section 11164 of the Insurance Code is amended to read:

11164.
 Any person not authorized pursuant to Section 11013 who solicits membership for, or in any manner assists in procuring membership in, any nonadmitted fraternal benefit society is guilty of a misdemeanor and punishable by fine a fine of not less than one hundred dollars ($100) two hundred dollars ($200) nor more than four hundred dollars ($400). five hundred dollars ($500).