Business News
Online training from www.lynda.com is offered every Tuesday from 9 a.m. to noon, as well as a GED prep workshop at 1:30 p.m. on Tuesdays and Thursdays.
On Thursday, Oct. 13, at 9 a.m. is a basic computers workshop for jobseekers who need hands-on help with an introduction to computers.
On Thursday, Oct. 20, at 9 a.m. come learn resume building and formatting techniques at the jobseeker resume workshop.
On Thursday, Oct. 27, at 9 a.m. a job search workshop will focus on job readiness tips and tricks.
Space is limited; to sign up for any workshop please call 707-263-0630.
The Lake One-Stop is part of America’s One-Stop Career Center System that establishes partnerships between business and job seeker programs.
Lake One-Stop is located in Lakeport at 55 First St., telephone 707-263-0630; and in Clearlake at 4477 Moss Ave, telephone 707-994-0633.
Information also is available at www.lakeonestop.org.
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The measure, which received unanimous, bipartisan support, was sponsored by Insurance Commissioner Dave Jones and authored by the Assembly Committee on Insurance.
Of particular note, AB 1416 permits the Insurance Commissioner to remove a life agent’s authority to transact variable life insurance contracts upon learning that the agent is no longer registered to transact securities with the U.S. Securities and Exchange Commission or the Financial Industry Regulatory Authority.
The current process is time consuming, leaving the door open for a life agent to continue selling these insurance products when they are no longer authorized to do so.
“I am very pleased to have this new authority,” said Commissioner Jones. “Timelier removal of a life agent’s variable contract authority helps me to better protect consumers from agents who are not authorized to sell annuities or the other complex variable life contract products. In light of the enactment of AB 689 – the landmark annuity suitability bill that I sponsored – this particular measure is especially important.”
Additionally, AB 1416 revises several insurer-related filing requirements which will enhance the Department’s operational efficiencies and enable department staff to focus on critical issues relating to consumer protection and maintaining a vibrant and solvent California insurance market.
AB 1416 also makes several changes in law relating to insurance producer licenses, including clarifying the bond requirement for an agent or broker who holds both property and casualty licenses.
Legislation enacted last year that created the two license types was unclear on the bonding requirements and, as written, the law could be interpreted that a separate bond was required for each license. AB 1416 clarifies that only one bond is required.
AB 1416 goes into effect Jan. 1, 2012.
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