CA AB1395

Increases the annual special purpose assessment on vehicle insurance policies from $0.25 to $0.26 per vehicle, effective July 1, 2014, through January 1, 2016, and not exceeding $0.26 thereafter.

Maintains allocation of assessment revenues with two-thirds funding consumer service functions of the Department of Insurance related to automobile insurers and one-third for improving consumer complaint response and insurance rate information services.

Authorizes the Department of Insurance to use up to $0.05 of collected assessment revenues to notify the public about low-cost automobile insurance programs.

Creates the Seismic Safety Account within the Insurance Fund with an assessment of $0.15 per earned property exposure on commercial and residential property insurance policies to fund the Alfred E. Alquist Seismic Safety Commission and department administrative costs.

Clarifies that insurers are not required to refund any portion of the Seismic Safety Account assessment if a property insurance policy or coverage is terminated before the policy expiration date.