Bulletin 2012-3: Fraud General Annual Assessment Adjustment

STATE OF CALIFORNIA Dave Jones, Insurance Commissioner DEPARTMENT OF INSURANCE ADMINISTRATION & LICENSING SERVICES BRANCH 300 CAPITOL MALL, SUITE 1600 SACRAMENTO, CA 95814 (916) 492-3500 (916) 327-3482 (FAX) www.insurance.ca.gov

BULLETIN NO.: 2012-3

DATE: March 30, 2012

TO: All Insurers

SUBJECT: Fraud General Annual Assessment Adjustment

Pursuant to Insurance Code Sections 1872.86 and 12978, this bulletin is informing all affected parties that the Fraud General Annual Assessment will be adjusted from $2,100 to $4,200 effective July 1, 2012. This assessment was adjusted from $5,100 to $2,100 three years ago by the prior Insurance Commissioner, who kept vacant fraud enforcement positions open, thereby reducing the Department’s fraud enforcement efforts and operational expenditures such that the fee could be lowered. A partial restoration of this assessment to $4,200 is necessary at this time to ensure the Department has sufficient revenue to fully fund its existing, authorized, and critical fraud enforcement activities.

There will be no change to your annual billing process. You should anticipate receiving an invoice in July/August 2012. Please contact Dennis Dunbar at (916) 854-5748 for fraud prevention program operations, or Theresa Li at (916) 492-3237 for billing related inquiries.

ERIKA SPERBECK Deputy Commissioner Administration & Licensing Services Branch

Consumer Hotline (800) 927-HELP * Producer Licensing (800) 967-9331