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CA AB1339

Bill

Status

Passed

10/13/2025

Primary Sponsor

Mark Gonzalez

Click for details

Origin

State Assembly

2025-2026 Regular Session

AI Summary

  • 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

  • Mandates insurers provide requested information to the Insurance Commissioner for the study, with data treated as confidential trade secrets exempt from public disclosure

  • 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

  • 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

  • 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

Committee Referrals

Appropriations7/10/2025
Insurance6/18/2025
Rules6/4/2025
Appropriations4/30/2025
Insurance3/13/2025

Full Bill Text

No bill text available