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ASSEMBLY BILL 1398 (MALONEY – 1941)

CHAPTER 92, STATUTES OF 1941

Some bill research does not include the Governor's file because at the time we researched the bill, the sitting Governor had not released his chaptered bill file. If the Governor's file is not included with this particular research, please contact our office (1-530-666-1917 or quote@legintent.com) and we will be happy to provide this file at no charge if it is available. Please Note: Governor files did not exist prior to 1943.

Insurance Code sections 760, 781, and 1706.8 were amended, and Insurance Code section 760.5 was added following legislative passage of Assembly Bill 1398 in 1941.  (See Exhibit #1d)  Assembly member Thomas A. Maloney introduced this measure on January 23, 1941.  (See Exhibit #1a)  Assembly member Maloney was in the insurance business and was a member of the Assembly Insurance Committee.  (See Exhibit #5)  The bill seems to have been carried by the author on behalf of the Department of Insurance.  (See Exhibit #6 and #8, page 25) 

Assembly Bill 1398 was heard in the Assembly Committee on Insurance as well as the Senate Committee on Financial Institutions.  (See Exhibit #2)  The bill was amended twice as it proceeded through both Houses.  (See Exhibits #1b and #1c)  The measure was approved by the Legislature and Governor Culbert L. Olson on April 10, 1941, to be chaptered by the Secretary of the State as Chapter 92 of the Statutes of 1941.  (See Exhibits #1d and #2)

The 1941 Summary Digest of Statutes Enacted described Assembly Bill 1398 as follows:
 

Prohibits life agents from receiving larger commissions on personal or controlled insurance than on other insurance.  Makes misleading representations or comparisons of insurers or policies to insured for purposes of lapsing, forfeiting, changing or surrendering his insurance a misdemeanor.
(See Exhibit #4, page 162)