SB 365
Fire insurance: reporting on cancellation and nonrenewal.
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 requires the California Department of Insurance to report on the impact of a law that prohibits insurance companies from canceling or refusing to renew residential property insurance policies in ZIP codes adjacent to wildfire areas for one year after a state of emergency is declared. The report will detail how this prohibition has affected cancellations and nonrenewals in those ZIP codes, as well as the use of the California FAIR Plan Association for coverage. This aims to provide data on the effects of the policy and inform potential adjustments.
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