§ 927.1. — 927.1. (Amended by Stats. 2023, Ch. 204, Sec. 4.)

California § 927.1.

• Jurisdiction: California
• Code INS: Insurance Code - INS
• Div. 1.: DIVISION 1. GENERAL RULES GOVERNING INSURANCE
• Part 2.: PART 2. THE BUSINESS OF INSURANCE
• Ch. 1.: CHAPTER 1. General Regulations
• Art. 10.2.: ARTICLE 10.2. Minority, Women, LGBT, Veteran, and Disabled Veteran Business Enterprises

Text

For the purposes of this article, the following definitions apply:
(a)
“Control” means to exercise the power to make policy decisions.
(b)
“Disabled veteran business enterprise” has the same meaning as defined in subparagraph (A) of paragraph (7) of subdivision (b) of Section 999 of the Military and Veterans Code, or any successor provision. Disabled veteran business enterprise certification eligibility requirements shall be consistent with those imposed by the Department of General Services, and this section applies only to those disabled veteran business enterprises certified by the Department of General Services.
(c)
“LGBT business enterprise” means a business enterprise that is 51 percent owned, managed, operated, and controlled by one or more lesbian, gay, bisexual, or transgender (LGBT) individuals, has been legally formed in the United States, and exercises independence from any non-LGBT business enterprise.
(d)
“Minority business enterprise” means a business enterprise, physically located in the United States or its trust territories, that is at least 51 percent owned by a minority group or groups, or, in the case of any publicly owned business, at least 51 percent of the stock of which is owned by one or more minority groups, and whose management and daily business operations are controlled by one or more of those individuals. “Minority” includes African Americans, Hispanic
Americans, Native Americans, and Asian Pacific Americans.
(e)
“Operate” means to be actively involved in the day-to-day management of the enterprise and not to be merely officers or directors.
(f)
“Person with disabilities” means a person who identifies as having any of the following:
(1)
A physical or mental impairment that substantially limits one or more major life activities as defined by subdivision (2) of Section 12102 of Title 42 of the United States Code, also known as the federal Americans with Disabilities Act of 1990.
(2)
A record of such an impairment.
(3)
Being regarded as having such
an impairment as described under subdivision (3) of Section 12102 of the federal Americans with Disabilities Act of 1990.
(g)
(1)
“Persons with disabilities business enterprise” or “Disability-owned business enterprise” or “Disabled-owned business enterprise” means a business enterprise physically located in the United States or its trust territories, that is at least 51 percent owned by a person or persons with a disability or, in the case of a publicly owned business, at least 51 percent of the stock of which is owned by one or more persons with a disability, and whose management and daily business operations are controlled by one or more of those individuals.
(2)
“Disabled” means an individual who self-identifies as having a disability, as defined in
Section 12102 of the federal Americans with Disabilities Act of 1990.
(h)
“Women business enterprise” means a business enterprise physically located in the United States or its trust territories, that is at least 51 percent owned by a woman or women, or, in the case of any publicly owned business at least 51 percent of the stock of which is owned by one or more women, and whose management and daily business operations are controlled by one or more of those individuals.
(i)
“Veteran business enterprise” means a business enterprise physically located in the United States or its trust territories that is at least 51 percent owned by one or more veteran groups or, in the case of a publicly owned business, at least 51 percent of the stock of which is owned by one or more veteran
groups, and whose management and daily business operations are controlled by one or more of those individuals.

Legislative History

Amended by Stats. 2023, Ch. 204, Sec. 4. (AB 1140) Effective January 1, 2024.