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CA AB1339
Bill
Status
10/13/2025
Primary Sponsor
Mark Gonzalez
Click for details
AI Summary
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Requires the California Department of Insurance to conduct a study of property, liability, and builders' risk insurance coverage available to affordable housing entities that receive grants, loans, or tax credits from the Department of Housing and Community Development or California Tax Credit Allocation Committee
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Mandates insurers provide requested information to the Insurance Commissioner for the study, with data treated as confidential trade secrets exempt from public disclosure
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Directs the study to identify barriers to keeping affordable housing appropriately insured, analyze market availability trends, and examine whether insurers consider factors like residents' income levels, housing assistance receipt, or affordability designations in policy offers or rate setting
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Requires the department to submit a report with policy and budget recommendations to the Senate and Assembly Insurance Committees within one year of receiving appropriated funding
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Implementation is contingent upon legislative appropriation, and the chapter automatically repeals on January 1, 2031
Legislative Description
Department of Insurance: housing insurance study.
Last Action
Chaptered by Secretary of State - Chapter 728, Statutes of 2025.
10/13/2025