CA SB11

Excludes insurance on automobile risks, commercial agricultural commodities or livestock, and equipment used to cultivate or transport agricultural commodities or livestock from the definition of "basic property insurance" under the California FAIR Plan Association.

Requires the California FAIR Plan Association to file a new or amended rate application with the Insurance Commissioner within 90 days of the bill's effective date consistent with the new exclusions.

Prohibits the association's governing committee from including premiums from automobile risks, commercial agricultural commodities or livestock, or agricultural equipment in separate classifications of written premiums for equitable distribution purposes.

Takes effect immediately as an urgency statute, effective July 23, 2021, to make commercial agricultural insurance available to farmers, growers, and ranchers seeking FAIR Plan coverage.