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CA AB1931

Bill

Official Source

Status

Introduced

2/13/2026

Primary Sponsor

Diane Papan

Click for details

Origin

State Assembly

2025-2026 Regular Session

AI Summary

  • Extends the maximum period between Insurance Commissioner financial examinations of home protection companies from 7 years to 8 years (changing the extension allowance from 2 additional years to 3 additional years beyond the base 5-year period)
  • Adds "availability of examiners" as a factor the Insurance Commissioner may consider when determining whether to extend the period between examinations
  • Maintains existing examination factors including company reserves, net worth, and other relevant considerations
  • Applies to home protection companies, which issue contracts for repair or replacement of home components, systems, or appliances

Legislative Description

Insurance: home protection companies.

Last Action

Referred to Com. on INS.

3/2/2026

Committee Referrals

Insurance3/2/2026

Full Bill Text

No bill text available