CDI Applauds Veto of AB 1922

California Insurance Commissioner Dave Jones praised the governor’s decision to veto Assembly Bill 1922, saying in a statement Thursday that the bill was bad for employers of all sizes. The measure, authored by Assemblyman Tom Daly, D-Anaheim, would have allowed insurance companies to wait until after they issue ancillary policy documents to file with the department, if certain conditions were met. The exemption to the mandatory filing requirement would have applied only for policies with a deductible of $250,000 or more. Furthermore, employers would have to have more than $20 mill...