HomeMy WebLinkAboutMINUTES - 06022009 - C.31RECOMMENDATION(S):
ADOPT Resolution No. 2009/220 approving and authorizing the District Attorney, or
designee, to submit an application and execute an award agreement, and any extensions or
amendments thereof pursuant to State Guidelines, with the State of California, Department
of Insurance for the Life and Annuity Consumer Protection Program in the amount of
$30,114 for the period July 1, 2009 through June 30, 2010.
FISCAL IMPACT:
$30,114; Budgeted. 100% State funds, no County match. The grant application will fund
12.5% of the salary and benefits for an attorney assigned to the program.
BACKGROUND:
The State Legislature determined that there is a need to protect consumers of life insurance
and annuity products. While fraud is recognized as a growing problem across the nation,
California is an area of concerted criminal activity in insurance fraud.
The
APPROVE OTHER
RECOMMENDATION OF CNTY
ADMINISTRATOR
RECOMMENDATION OF BOARD
COMMITTEE
Action of Board On: 06/02/2009 APPROVED AS RECOMMENDED OTHER
Clerks Notes:
VOTE OF SUPERVISORS
AYE:John Gioia, District I Supervisor
Gayle B. Uilkema, District II
Supervisor
Mary N. Piepho, District III Supervisor
Susan A. Bonilla, District IV
Supervisor
Federal D. Glover, District V
Supervisor
Contact: Jennifer Marttinen
(925) 957-2234
I hereby certify that this is a true and correct copy of an action taken and entered on the minutes of the
Board of Supervisors on the date shown.
ATTESTED: June 2, 2009
David J. Twa, County Administrator and Clerk of the Board of Supervisors
By: Celicia Nelson, Deputy
cc:
C.31
To:Board of Supervisors
From:Robert J. Kochly, District Attorney
Date:June 2, 2009
Contra
Costa
County
Subject:Funding of the Life and Annuity Consumer Protection Program
BACKGROUND: (CONT'D)
Life and Annuity Consumer Protection Program award is allocated from a trust fund
financed by an assessment on each individual life insurance policy and each individual
annuity product with a value of fifteen thousand or more issued to a resident of the state,
paid by the insurer. Of the assessment amount, fifty percent of the funds are distributed
to District Attorneys for investigating and prosecuting individual life insurance and
annuity product financial abuse cases involving insurance licensees or any persons
holding themselves out to to insurance licensees.
CONSEQUENCE OF NEGATIVE ACTION:
CHILDREN'S IMPACT STATEMENT:
ATTACHMENTS
Resolution No. 2009/220