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CA AB2342

Bill

Official Source

Status

Introduced

2/21/2014

Primary Sponsor

Matt Dababneh

Click for details

Origin

State Assembly

2013-2014 Session

AI Summary

  • Increases the market value threshold from $2,500 to $5,000 for automobiles that insurers cannot refuse to insure based solely on age
  • Applies to automobile collision policies and comprehensive coverage policies
  • Insurers still may refuse coverage for policies that include wear and tear coverage or coverage for antique/classic automobiles
  • Requires a majority vote to pass with no appropriations or fiscal committee review required

Legislative Description

Insurance: automobile insurance.

Last Action

Referred to Com. on INS.

3/10/2014

Committee Referrals

Insurance3/10/2014

Full Bill Text

No bill text available