{"id":601,"date":"2020-10-27T03:15:02","date_gmt":"2020-10-27T03:15:02","guid":{"rendered":"http:\/\/www.slameeting.com\/bodmar2021\/?page_id=601"},"modified":"2021-03-17T16:40:40","modified_gmt":"2021-03-17T16:40:40","slug":"legislative-committee-report","status":"publish","type":"page","link":"https:\/\/www.slameeting.com\/bodmar2021\/legislative-committee-report\/","title":{"rendered":"AML Committee Report"},"content":{"rendered":"\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h1 class=\"wp-block-heading\" id=\"0-admitted-market-liaison-committee-report-03232021\">Admitted Market Liaison Committee Report: 03\/23\/2021<\/h1>\n\n\n\n\n\n<h2 class=\"wp-block-heading\" id=\"1-table-of-contents\">Table of Contents<\/h2>\n\n\n\n\n\n<h2 class=\"wp-block-heading\" id=\"2-committee-focus\">Committee Focus<\/h2>\n\n\n\n<ul class=\"wp-block-list\"><li>Duty set forth pursuant to CIC Section 1780.56(a)(8): To communicate with organizations of admitted insurers with respect to the proper use of the surplus line market<a href=\"#_ftn1\">[1]<\/a><\/li><li>Committee established pursuant to the SLA Constitution (Articles IV, VII, XIII)<a href=\"#_ftn2\">[2]<\/a><\/li><li>Consists of up to six individual resident members and\/or the authorized representative of organization resident members<\/li><li>Liaises with the admitted market on matters of common interest<\/li><li>Assigned powers specified in Article XIII, which describes mediation procedures.<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"3-executive-summary\">Executive Summary<\/h2>\n\n\n\n<ul class=\"wp-block-list\"><li>The AML Committee conducted its annual meeting with organizations of admitted insurers: American Property Casualty Insurance Association (APCIA) and the Personal Insurance Federation of California (PIFC). The meetings were held virtually via video conference on January 27, 2021. Discussions addressed included:<ul><li>Wildfires: legislation related to homeowner\u2019s\/residential property insurance coverage for wildfire risks and the implications on the admitted, non-admitted insurance markets.<\/li><\/ul><ul><li>Export list (hearing): determination of a \u201creasonable or adequate\u201d market of admitted insurers.<\/li><\/ul><ul><li>Market Trends and Emerging Issues<\/li><\/ul><\/li><li>The AML Committee and the Legislative Committee jointly hosted John Norwood of Norwood Associates, LLC, for a legislative update and discussion on March 4, 2021. Mr. Norwood provided a recap of the current state of legislative activity and expectations for the current session.<\/li><li>On March 4, 2021, the AML Committee met with the Honorable Harry Low, who was re-elected as the SLA Mediator on February 9. The committee reviewed the role and history of the SLA Mediator, and discussed the opportunity to engage the mediator in future communications with the admitted markets.<\/li><\/ul>\n\n\n\n<p><a href=\"#_ftnref1\">[1]<\/a> http:\/\/leginfo.legislature.ca.gov\/faces\/codes_displaySection.xhtml?lawCode=INS&amp;sectionNum=1780.56.<\/p>\n\n\n\n<p><a href=\"#_ftnref2\">[2]<\/a> https:\/\/www.slacal.com\/general-information\/constitution<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"4-action-items-and-status\">Action Items and Status<\/h2>\n\n\n\n<p><strong>1. Expand outreach and communication with the admitted market.<\/strong><\/p>\n\n\n\n<section class=\"wp-block-uagb-columns uagb-columns__wrap uagb-columns__background-undefined uagb-columns__stack-mobile uagb-columns__valign-undefined uagb-columns__gap-10 alignundefined uagb-block-402128c6\"><div class=\"uagb-columns__overlay\"><\/div><div class=\"uagb-columns__inner-wrap uagb-columns__columns-2\">\n<div class=\"wp-block-uagb-column uagb-column__wrap uagb-column__background-undefined uagb-block-c8b48314\"><div class=\"uagb-column__overlay\"><\/div><div class=\"uagb-column__inner-wrap\">\n<p><strong>Action Item:<\/strong><\/p>\n<\/div><\/div>\n\n\n\n<div class=\"wp-block-uagb-column uagb-column__wrap uagb-column__background-undefined uagb-block-91aa6d73\"><div class=\"uagb-column__overlay\"><\/div><div class=\"uagb-column__inner-wrap\">\n<p>Meet with trade associations such as APCIA and PIFC and send newsletters and other communications to these and other organizations.<\/p>\n<\/div><\/div>\n<\/div><\/section>\n\n\n\n<section class=\"wp-block-uagb-columns uagb-columns__wrap uagb-columns__background-undefined uagb-columns__stack-mobile uagb-columns__valign-undefined uagb-columns__gap-10 alignundefined uagb-block-4cefbcf2\"><div class=\"uagb-columns__overlay\"><\/div><div class=\"uagb-columns__inner-wrap uagb-columns__columns-2\">\n<div class=\"wp-block-uagb-column uagb-column__wrap uagb-column__background-undefined uagb-block-6fb3c086\"><div class=\"uagb-column__overlay\"><\/div><div class=\"uagb-column__inner-wrap\">\n<p><strong>Status:<\/strong><\/p>\n<\/div><\/div>\n\n\n\n<div class=\"wp-block-uagb-column uagb-column__wrap uagb-column__background-undefined uagb-block-a27d9412\"><div class=\"uagb-column__overlay\"><\/div><div class=\"uagb-column__inner-wrap\">\n<p><strong>January 2021: <\/strong>Trip scheduled for January 27, 2021, held via video conference. Insurance coverage for wildfire risks and related claims in the admitted and nonadmitted markets continue to be a focus of discussion.<\/p>\n<\/div><\/div>\n<\/div><\/section>\n\n\n\n<section class=\"wp-block-uagb-columns uagb-columns__wrap uagb-columns__background-undefined uagb-columns__stack-mobile uagb-columns__valign-undefined uagb-columns__gap-10 alignundefined uagb-block-6e3ee224\"><div class=\"uagb-columns__overlay\"><\/div><div class=\"uagb-columns__inner-wrap uagb-columns__columns-2\">\n<div class=\"wp-block-uagb-column uagb-column__wrap uagb-column__background-undefined uagb-block-47c10a52\"><div class=\"uagb-column__overlay\"><\/div><div class=\"uagb-column__inner-wrap\">\n<p><strong>Comments:<\/strong><\/p>\n<\/div><\/div>\n\n\n\n<div class=\"wp-block-uagb-column uagb-column__wrap uagb-column__background-undefined uagb-block-f188ac85\"><div class=\"uagb-column__overlay\"><\/div><div class=\"uagb-column__inner-wrap\">\n<p>The admitted market trade associations and the SLA will continue to meet regularly to discuss key trends and developments impacting the insurance markets.<\/p>\n<\/div><\/div>\n<\/div><\/section>\n\n\n\n<p><strong><strong><strong><strong>2.<\/strong><\/strong><\/strong><\/strong> <strong><strong>Ensure proper use of the surplus line market.<\/strong><\/strong><\/p>\n\n\n\n<section class=\"wp-block-uagb-columns uagb-columns__wrap uagb-columns__background-undefined uagb-columns__stack-mobile uagb-columns__valign-undefined uagb-columns__gap-10 alignundefined uagb-block-8206caba\"><div class=\"uagb-columns__overlay\"><\/div><div class=\"uagb-columns__inner-wrap uagb-columns__columns-2\">\n<div class=\"wp-block-uagb-column uagb-column__wrap uagb-column__background-undefined uagb-block-e422e3e1\"><div class=\"uagb-column__overlay\"><\/div><div class=\"uagb-column__inner-wrap\">\n<p><strong>Action Item:<\/strong><\/p>\n<\/div><\/div>\n\n\n\n<div class=\"wp-block-uagb-column uagb-column__wrap uagb-column__background-undefined uagb-block-37b13b36\"><div class=\"uagb-column__overlay\"><\/div><div class=\"uagb-column__inner-wrap\">\n<p>Annual or regular review of the export list to monitor for any changes. Meet with trade associations such as APCIA and PIFC to determine a rational methodology for determining the existence or absence of a \u201creasonable\u201d or \u201cadequate\u201d insurance market among admitted insurers for a given risk or coverage. Engage the SLA Mediator when applicable to facilitate a resolution amongst the industry parties for presentation to the CDI.<\/p>\n<\/div><\/div>\n<\/div><\/section>\n\n\n\n<section class=\"wp-block-uagb-columns uagb-columns__wrap uagb-columns__background-undefined uagb-columns__stack-mobile uagb-columns__valign-undefined uagb-columns__gap-10 alignundefined uagb-block-55b603a6\"><div class=\"uagb-columns__overlay\"><\/div><div class=\"uagb-columns__inner-wrap uagb-columns__columns-2\">\n<div class=\"wp-block-uagb-column uagb-column__wrap uagb-column__background-undefined uagb-block-e5665cbd\"><div class=\"uagb-column__overlay\"><\/div><div class=\"uagb-column__inner-wrap\">\n<p><strong>Status:<\/strong><\/p>\n<\/div><\/div>\n\n\n\n<div class=\"wp-block-uagb-column uagb-column__wrap uagb-column__background-undefined uagb-block-accf5619\"><div class=\"uagb-column__overlay\"><\/div><div class=\"uagb-column__inner-wrap\">\n<p><strong><strong>TBD 2021: <\/strong>&nbsp;<\/strong>On-going<\/p>\n<\/div><\/div>\n<\/div><\/section>\n\n\n\n<p><strong><strong><strong>3. Serve as a source of professional expertise regarding trends and developments, regulatory and legislative activity relevant to the surplus line market.<\/strong><\/strong><\/strong><\/p>\n\n\n\n<section class=\"wp-block-uagb-columns uagb-columns__wrap uagb-columns__background-undefined uagb-columns__stack-mobile uagb-columns__valign-undefined uagb-columns__gap-10 alignundefined uagb-block-c638eef0\"><div class=\"uagb-columns__overlay\"><\/div><div class=\"uagb-columns__inner-wrap uagb-columns__columns-2\">\n<div class=\"wp-block-uagb-column uagb-column__wrap uagb-column__background-undefined uagb-block-056f39db\"><div class=\"uagb-column__overlay\"><\/div><div class=\"uagb-column__inner-wrap\">\n<p><strong>Action Item:<\/strong><\/p>\n<\/div><\/div>\n\n\n\n<div class=\"wp-block-uagb-column uagb-column__wrap uagb-column__background-undefined uagb-block-5d39503d\"><div class=\"uagb-column__overlay\"><\/div><div class=\"uagb-column__inner-wrap\">\n<p>Reach out to other insurance associations to identify opportunities to collaborate in partnership with the SLA Education Committee<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>CPCU Society interest groups via webinars, articles &amp; sessions. https:\/\/www.cpcusociety. org\/interest-groups\/how-join. The Reinsurance and Excess\/Surplus\/Specialty Lines group.<\/li><li>CPCU CA Chapters<\/li><\/ul>\n\n\n\n<p>Other organizations, including:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>WSIA<\/li><li>IIABCal<\/li><li>CIAB<\/li><li>RMIS<\/li><li>III (Triple-I)<\/li><li>Chamber of Commerce<\/li><li>California State University \u2013 Fullerton, School of Risk Management &amp; Insurance<\/li><\/ul>\n\n\n\n<p>SLA committees: Education &amp; Compliance, Next Generation, Special Advisory, Legislative<\/p>\n<\/div><\/div>\n<\/div><\/section>\n\n\n\n<section class=\"wp-block-uagb-columns uagb-columns__wrap uagb-columns__background-undefined uagb-columns__stack-mobile uagb-columns__valign-undefined uagb-columns__gap-10 alignundefined uagb-block-cd00de64\"><div class=\"uagb-columns__overlay\"><\/div><div class=\"uagb-columns__inner-wrap uagb-columns__columns-2\">\n<div class=\"wp-block-uagb-column uagb-column__wrap uagb-column__background-undefined uagb-block-d74d8fb6\"><div class=\"uagb-column__overlay\"><\/div><div class=\"uagb-column__inner-wrap\">\n<p><strong>Status:<\/strong><\/p>\n<\/div><\/div>\n\n\n\n<div class=\"wp-block-uagb-column uagb-column__wrap uagb-column__background-undefined uagb-block-9c748ee5\"><div class=\"uagb-column__overlay\"><\/div><div class=\"uagb-column__inner-wrap\">\n<p><strong>April 2021: Wildfire Risk Panel. <\/strong>Glenn Leung (SLA Financial Analysis VP), member of the CPCU Reinsurance and Excess\/Surplus\/Specialty Lines interest group, and President of the CPCU &#8211; Golden Gate (San Francisco) chapter; Susan Atkins (Committee Chair), President, and Jeff Thomas, Treasurer, of the CPCU &#8211; Sacramento Valley chapter. As part of a collaboration effort, broadcast SLA education opportunities to CPCU and other relevant organizations.<\/p>\n<\/div><\/div>\n<\/div><\/section>\n\n\n\n<section class=\"wp-block-uagb-columns uagb-columns__wrap uagb-columns__background-undefined uagb-columns__stack-mobile uagb-columns__valign-undefined uagb-columns__gap-10 alignundefined uagb-block-55dcf41a\"><div class=\"uagb-columns__overlay\"><\/div><div class=\"uagb-columns__inner-wrap uagb-columns__columns-2\">\n<div class=\"wp-block-uagb-column uagb-column__wrap uagb-column__background-undefined uagb-block-4397caab\"><div class=\"uagb-column__overlay\"><\/div><div class=\"uagb-column__inner-wrap\">\n<p><strong>Comments:<\/strong><\/p>\n<\/div><\/div>\n\n\n\n<div class=\"wp-block-uagb-column uagb-column__wrap uagb-column__background-undefined uagb-block-d675417a\"><div class=\"uagb-column__overlay\"><\/div><div class=\"uagb-column__inner-wrap\">\n<p>CPCU Interest groups include:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>3IG;<\/li><li>Agent &amp; Broker;<\/li><li>Coverage, Litigators, Educators &amp; Witnesses;<\/li><li>Professional Growth &amp; Development;<\/li><li>Regulatory &amp; Legislative<\/li><li>Reinsurance and Surplus\/Specialty Lines;<\/li><li>Risk Management &amp; Loss Control;<\/li><li>Underwriting<\/li><li>Leadership &amp; Managerial Excellence<\/li><li>Loss Control<\/li><li>Personal Lines<\/li><li>Regulatory &amp; Legislative<\/li><li>Risk Management<\/li><\/ul>\n\n\n\n<p>Underwriting<\/p>\n\n\n\n<p>CPCU CA Chapters include:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>California El Camino<br>https:\/\/caelcamino.cpcusociety.org\/<\/li><li>California Golden Empire<br>https:\/\/cagoldenempire.cpcusociety.org\/<\/li><li>Golden Gate<br>https:\/\/goldengate.cpcusociety.org\/<\/li><li>Los Angeles https:\/\/losangeles.cpcusociety.org\/<\/li><li>Mt. Diablo California<br>https:\/\/mtdiablo.cpcusociety.org\/<\/li><li>Orange Empire<br>https:\/\/orangeempire.cpcusociety.org\/<\/li><li>Sacramento Valley<br>https:\/\/sacramentovalley.cpcusociety.org<\/li><li>San Diego<br>https:\/\/sandiego.cpcusociety.org\/<\/li><\/ul>\n<\/div><\/div>\n<\/div><\/section>\n\n\n\n<p><strong><strong><strong><strong><strong><strong>4.<\/strong><\/strong> Strengthen the message about the role and purpose of surplus lines.<\/strong><\/strong><\/strong><\/strong><\/p>\n\n\n\n<section class=\"wp-block-uagb-columns uagb-columns__wrap uagb-columns__background-undefined uagb-columns__stack-mobile uagb-columns__valign-undefined uagb-columns__gap-10 alignundefined uagb-block-f736c63f\"><div class=\"uagb-columns__overlay\"><\/div><div class=\"uagb-columns__inner-wrap uagb-columns__columns-2\">\n<div class=\"wp-block-uagb-column uagb-column__wrap uagb-column__background-undefined uagb-block-ded5d75a\"><div class=\"uagb-column__overlay\"><\/div><div class=\"uagb-column__inner-wrap\">\n<p><strong>Action Item:<\/strong><\/p>\n<\/div><\/div>\n\n\n\n<div class=\"wp-block-uagb-column uagb-column__wrap uagb-column__background-undefined uagb-block-73576234\"><div class=\"uagb-column__overlay\"><\/div><div class=\"uagb-column__inner-wrap\">\n<p>Develop high quality educational video that effectively and efficiently represents the critical role of surplus lines to respond to the insurance needs of consumers and support the economy. Find opportunities to strengthen the understanding of the admitted and non-admitted market relationship via meaningful presentation of market data. Tailor presentation and message specific to regulators, admitted companies, agents, associations, and various others. Spotlight coverage &amp; risks insured by surplus lines carriers creating visuals of the importance of the surplus line market and how it remains responsive, stable, and viable.<\/p>\n<\/div><\/div>\n<\/div><\/section>\n\n\n\n<section class=\"wp-block-uagb-columns uagb-columns__wrap uagb-columns__background-undefined uagb-columns__stack-mobile uagb-columns__valign-undefined uagb-columns__gap-10 alignundefined uagb-block-fc692b6c\"><div class=\"uagb-columns__overlay\"><\/div><div class=\"uagb-columns__inner-wrap uagb-columns__columns-2\">\n<div class=\"wp-block-uagb-column uagb-column__wrap uagb-column__background-undefined uagb-block-b7674842\"><div class=\"uagb-column__overlay\"><\/div><div class=\"uagb-column__inner-wrap\">\n<p><strong>Status:<\/strong><\/p>\n<\/div><\/div>\n\n\n\n<div class=\"wp-block-uagb-column uagb-column__wrap uagb-column__background-undefined uagb-block-def574b3\"><div class=\"uagb-column__overlay\"><\/div><div class=\"uagb-column__inner-wrap\">\n<p><strong><strong>TBD 2021<\/strong><\/strong><\/p>\n<\/div><\/div>\n<\/div><\/section>\n\n\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Admitted Market Liaison Committee Report: 03\/23\/2021<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"folder":[],"class_list":["post-601","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/www.slameeting.com\/bodmar2021\/wp-json\/wp\/v2\/pages\/601"}],"collection":[{"href":"https:\/\/www.slameeting.com\/bodmar2021\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.slameeting.com\/bodmar2021\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.slameeting.com\/bodmar2021\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.slameeting.com\/bodmar2021\/wp-json\/wp\/v2\/comments?post=601"}],"version-history":[{"count":23,"href":"https:\/\/www.slameeting.com\/bodmar2021\/wp-json\/wp\/v2\/pages\/601\/revisions"}],"predecessor-version":[{"id":869,"href":"https:\/\/www.slameeting.com\/bodmar2021\/wp-json\/wp\/v2\/pages\/601\/revisions\/869"}],"wp:attachment":[{"href":"https:\/\/www.slameeting.com\/bodmar2021\/wp-json\/wp\/v2\/media?parent=601"}],"wp:term":[{"taxonomy":"folder","embeddable":true,"href":"https:\/\/www.slameeting.com\/bodmar2021\/wp-json\/wp\/v2\/folder?post=601"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}