HomeMy WebLinkAboutMINUTES - 05132014 - C.38RECOMMENDATION(S):
ADOPT Resolution 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, 2014 through June
30, 2015.
FISCAL IMPACT:
The District Attorney's office will receive $87,681 of revenue that is100% State funds with no County match.
APPROVE OTHER
RECOMMENDATION OF CNTY ADMINISTRATOR RECOMMENDATION OF BOARD COMMITTEE
Action of Board On: 05/13/2014 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
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: May 13, 2014
David Twa, County Administrator and Clerk of the Board of Supervisors
By: June McHuen, Deputy
cc:
C. 38
To:Board of Supervisors
From:Mark Peterson, District Attorney
Date:May 13, 2014
Contra
Costa
County
Subject:2014/15 Life and Annuity Consumer Protection Program Grant Application
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 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.
ATTACHMENTS
Resolution No. 2014/158