HomeMy WebLinkAboutMINUTES - 06042013 - C.42RECOMMENDATION(S):
ADOPT Resolution No. 2013/245 approving and authorizing the District Attorney, or designee, to submit an
application and execute a grant 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 $87,681 for the investigation and prosecution of consumer fraud cases for the period of
July 1, 2013 through June 30, 2014.
FISCAL IMPACT:
The District Attorney's office will receive $87,681 of revenue; budgeted, that is 100% State funds with no County
match.
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 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
APPROVE OTHER
RECOMMENDATION OF CNTY ADMINISTRATOR RECOMMENDATION OF BOARD COMMITTEE
Action of Board On: 06/04/2013 APPROVED AS RECOMMENDED OTHER
Clerks Notes:
VOTE OF SUPERVISORS
AYE:John Gioia, District I Supervisor
Candace Andersen, District II
Supervisor
Mary N. Piepho, District III
Supervisor
Karen Mitchoff, District IV
Supervisor
Federal D. Glover, District V
Supervisor
Contact: Cherie Mathisen, (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 4, 2013
David Twa, County Administrator and Clerk of the Board of Supervisors
By: June McHuen, Deputy
cc:
C. 42
To:Board of Supervisors
From:Mark Peterson, District Attorney
Date:June 4, 2013
Contra
Costa
County
Subject:Life and Annuity Consumer Protection Program Grant Application
BACKGROUND: (CONT'D)
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 Attorney offices for investigating and prosecuting individual life insurance and annuity
product financial abuse cases involving insurance licensees or any persons holding themselves out to be insurance
licensees.
CONSEQUENCE OF NEGATIVE ACTION:
The County will be unable to collect the grant award from the State Department of Insurance.
CHILDREN'S IMPACT STATEMENT:
No impact.
ATTACHMENTS
Resolution No. 2013/245