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CA SB755

Bill

Status

Engrossed

1/23/2020

Primary Sponsor

Susan Rubio

Click for details

Origin

Senate

2019-2020 Session

AI Summary

  • Requires insurers that do not place insurance through agents or brokers to notify policyholders in writing when failing to renew or offer renewal of residential property insurance policies.

  • Notifications must advise policyholders that other insurers working with agents or brokers may help find coverage and that surplus line brokers can access nonadmitted insurers.

  • Notifications must provide the California FAIR Plan's internet website address and toll-free telephone number, informing policyholders the FAIR Plan can help secure appropriate insurance coverage.

  • Notifications must include the Department of Insurance's internet website address and explain how the California Home Insurance Finder can help policyholders locate replacement insurance policies.

Legislative Description

Insurance: residential property insurance: requirements upon nonrenewal.

Last Action

Referred to Com. on INS.

6/18/2020

Committee Referrals

Insurance6/18/2020
Insurance1/6/2020
Rules2/22/2019

Full Bill Text

No bill text available