Amended Public Notice: A Public Meeting of the Governing Board of the California Earthquake Authority.

SACRAMENTO, Calif. -- NOTICE IS HEREBY GIVEN that the Governing Board of the California Earthquake Authority ("CEA") will meet in Sacramento, California. Pursuant to California Insurance Code u10089.7, subdivision (j), the Bagley-Keene Open Meeting Act applies generally to meetings of the Board, and the meeting is open to the public--public participation, comments, and questions will be welcome for each agenda item. All items are appropriate for action if the Governing Board wishes to take action. Agenda items may be taken out of order.

LOCATION:  Cal/EPA Building
           Sierra Hearing Room (2nd Floor)
           1001 I Street
           Sacramento, California

DATE:      Thursday, March 1, 2007

TIME:      1:00 p.m.

AGENDA:

1.  Call to order and member roll call:

    Governor
    Treasurer
    Insurance Commissioner
    Speaker of the Assembly
    Chair of the Senate Rules Committee

    Establishment of a quorum

2.  Consideration and approval of the minutes of the November 30,
    2006, and December 14, 2006, Governing Board meetings.

3.  Chief Executive Officer Elaine Bush and the CEA executive staff
    will present an executive update, including a financial report.

3a. The Board will begin implementing the CEA Recruitment and
    Selection Plan for CEA Contract-Executive Positions, adopted by
    the Board in August 2006, to commence a recruitment and selection
    process for the position of chief executive officer; in
    conjunction with that implementation, the Board will confirm
    operation of the CEA Emergency Succession Plan.

4.  CEA Advisory Panel Vice Chair Wayne Coulon will update the Board
    on the proceedings at the November 30, 2006, Panel meeting.

5.  Director of Communications, Public Policy & Mitigation Nancy
    Kincaid will provide an update on mitigation-program and marketing
    activities.

6.  Chief Financial Officer Tim Richison and Assistant Chief Financial
    Officer Mark Dawson will report on staff progress to date in
    analyzing financial-structure options for the CEA.

7.  Mr. Richison will present for Board consideration and approval,
    proposed 2008 financial structures for the CEA's base and
    supplemental programs.

8.  Operations Manager Bob Stewart will propose for Board
    consideration and approval an amendment to the Authority's
    existing contract with AIR Worldwide Corporation, to permit
    additional validation-related modeling analysis of the CEA's
    policy portfolio.

9.  The Board will meet in closed session to discuss personnel and
    litigation matters, as permitted by California Government Code
    section 11126, subdivisions (a) and (e).

10. Public comment on items that do not appear on this agenda and
    public requests that those matters be placed on a future agenda.

11. Adjournment.

For further information about this notice or its contents:

California Earthquake Authority
801 K Street, Suite 1000
Sacramento, CA 95814-3518
Toll free [phone]

To view this notice on the CEA Web site or to learn more about the CEA, please visit www.EarthquakeAuthority.com

Persons with disabilities may request special accommodations at this or any future Governing Board meeting or may request the accommodation necessary to receive agendas or materials the CEA prepares for its Board meetings.

Please contact Susan Pitton by telephone, toll free, at [phone] or by email at [e-mail]. We would appreciate hearing from you at least five days before the meeting date to best allow us to meet your needs.

This CEA Governing Board meeting will be broadcast live on the Internet. If you're reading this on-line, at the time of the meeting just click www.EarthquakeAuthority.com