BILL NUMBER: SB 2199	CHAPTERED BILL TEXT



	CHAPTER   934

	FILED WITH SECRETARY OF STATE   SEPTEMBER 30, 2000

	APPROVED BY GOVERNOR   SEPTEMBER 29, 2000

	PASSED THE SENATE   	AUGUST 31, 2000

	PASSED THE ASSEMBLY   	AUGUST 29, 2000

	AMENDED IN ASSEMBLY   	AUGUST 28, 2000

	AMENDED IN ASSEMBLY   	AUGUST 7, 2000

	AMENDED IN SENATE   	MAY 16, 2000

	AMENDED IN SENATE   	MAY 2, 2000



INTRODUCED BY:  Senator Hayden

  		(Coauthor:  Assembly Member Aroner)



                        MARCH 16, 2000



   An act to add Chapter 5 (commencing with Section 13810) to

Division 3 of the Insurance Code, relating to insurance.





LEGISLATIVE COUNSEL'S DIGEST



   SB 2199, Hayden.  Slavery era insurance policies.

   Existing law requires an insurer doing business in this state that

sold certain policies of insurance directly or through a related

company to persons in Europe between 1920 and 1945 to provide certain

information to the Insurance Commissioner for entry into the

Holocaust Era Insurance Registry, as specified.

   This bill would require the commissioner to request and obtain

information from insurers doing business in this state regarding any

records of slaveholder insurance policies issued by any predecessor

corporation during the slavery era, which policies provided coverage

to slaveholders for damage to or death of their slaves.  This bill

would require insurers to research and report on these policies, and

would require the commissioner to make this information available to

the public and the Legislature. This bill would state that descendants

of slaves are entitled to full disclosure.





THE PEOPLE OF THE STATE OF CALIFORNIA DO ENACT AS FOLLOWS:



  SECTION 1.  The Legislature finds and declares all of the

following:

   (a) Insurance policies from the slavery era have been discovered

in the archives of several insurance companies, documenting insurance

coverage for slaveholders for damage to or death of their slaves,

issued by a predecessor insurance firm.  These documents provide the

first evidence of ill-gotten profits from slavery, which profits in

part capitalized insurers whose successors remain in existence today.



   (b) Legislation has been introduced in Congress for the past 10

years demanding an inquiry into slavery and its continuing legacies.



   (c) The Insurance Commissioner and the Department of Insurance are

entitled to seek information from the files of insurers licensed and

doing business in this state, including licensed California

subsidiaries of international insurance corporations, regarding

insurance policies issued to slaveholders by predecessor

corporations.  The people of California are entitled to significant

historical information of this nature.



  SECTION 2.  Chapter 5 (commencing with Section 13810) is added to

Division 3 of the Insurance Code, to read:



CHAPTER 5.  SLAVERY ERA INSURANCE POLICIES



   13810.  The commissioner shall request and obtain information from

insurers licensed and doing business in this state regarding any

records of slaveholder insurance policies issued by any predecessor

corporation during the slavery era.

   13811.  The commissioner shall obtain the names of any

slaveholders or slaves described in those insurance records, and

shall make the information available to the public and the

Legislature.

   13812.  Each insurer licensed and doing business in this state

shall research and report to the commissioner with respect to any

records within the insurer's possession or knowledge relating to

insurance policies issued to slaveholders that provided coverage for

damage to or death of their slaves.

   13813.  Descendants of slaves, whose ancestors were defined as

private property, dehumanized, divided from their families, forced

to perform labor without appropriate compensation or benefits, and

whose ancestors' owners were compensated for damages by insurers, 

are entitled to full disclosure.