CA AB2367

Creates the Wildfire Resilience Task Force composed of the Insurance Commissioner, Director of the Office of Emergency Services, and State Fire Marshal to establish minimum standards for fire-hardened homes and communities.

Requires admitted insurers offering residential property insurance to provide their most commonly offered coverage to applicants who own a residence meeting the task force's fire-hardened home and community standards with an estimated replacement cost consistent with the insurer's underwriting guidelines.

Allows the Insurance Commissioner to promulgate regulations permitting insurers to deny coverage based on overconcentration of regional risk, extreme wildfire exposure, or non-wildfire underwriting reasons.

Authorizes the Commissioner to promulgate regulations to incentivize homeowner wildfire mitigation actions through insurance premium adjustments.

Includes residences rebuilt after wildfire destruction in properties eligible for required insurance coverage if located in a development established before the standards were developed.