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Insurance commissioner outlines technical bill, flags "problem children" for amendment
Summary
Commissioner DJ Bettencourt told the committee the department's technical bill aims to streamline reporting, strengthen confidentiality of investigative materials and harmonize licensing language, but said sections on per-day penalties and licensing standards tied to misdemeanors require amendment.
Insurance Commissioner DJ Bettencourt and department staff briefed the committee on a broad technical bill to update insurance statutes. Bettencourt said the measure streamlines reporting (eliminating unnecessary automatic annual filings), strengthens confidentiality and privilege for investigative materials, modernizes enforcement language, and clarifies…
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