SB 1244 passed the California legislature in late August. If enacted, it will go into effect for contracts entered into, extended, or renewed on or after January 1, 2028. Governor Newsom has until September 30, 2026 to sign or veto the bill. The legislation requires certain compensation disclosures by covered service providers – including brokers – to public agency benefits plans for local governmental entities.
GOVERNMENT AFFAIRS UPDATE
California Broker Compensation Bill Passes Legislature
Established in 2004, Leader's Edge is our award-winning content platform, covering legal and legislative issues, international business and regulation, management trends and best practices, technology, and more.
Climate Disclosure Reporting Not Dead Yet
While the federal government steps back from requiring corporate climate financial risk reports, California is pursuing the mandate. But the state rules face legal challenges.
States Rule
Workers compensation COVID claims are starting to come in, and some states are shifting the burden of proof.
Rowing the ESG Rapids
From DE&I to emissions reporting, brokers and insurers are headed for some regulatory breakers.