SB 523
Fire insurance.
Vote required
Majority
Fiscal committee
No
Appropriation
No
Current location
Insurance
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Sign in to take action- Introduced
- Passed Senate
- Passed Assembly
- To Governor
- Became Law
Bill overview
This bill modifies California’s insurance code to allow insurers to differentiate between internal and external fires when determining coverage under homeowners’ insurance policies. It also creates a commission within the California Earthquake Authority (CEA) to study the feasibility of establishing a statewide disaster insurance program, including exploring financial estimates for earthquake threats and potential federal support. The commission’s work will conclude by April 1, 2027, with a report due to the legislature by June 1, 2027, and the provisions will be repealed in 2031.
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