Assembly Passes SB 71 With Amendments

SB 71, the current pending California workers' compensation "reform" bill to boost benefits and implement offsetting cost savings measures, was amended 9/4/01, and passed out of the Assembly on 9/5/01. It now returns to the Senate relative to this "unfinished business".The following are the changes implemented in this latest iteration of SB 71: Amendments to Insurance Code section 11797 have been removed, leaving the requirement that State Fund invest and reinvest money in the same manner as provided for private insurers under specified provisions of the Insurance Code. State fund is also ...