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CA AB2724
Bill
Status
Introduced
2/20/2026
Primary Sponsor
Rebecca Bauer-Kahan
Click for details
AI Summary
- Redefines "distressed area" for catastrophe modeling purposes to include only undermarketed ZIP Codes, removing distressed counties from the definition
- Establishes that an undermarketed ZIP Code must overlap a high or very high fire hazard severity zone and have at least 10% of residential properties insured through the FAIR Plan rather than the voluntary market
- Requires the Insurance Commissioner to publish and maintain a list of undermarketed ZIP Codes, with updates at least annually
- Directs the Department of Insurance to review and revise regulations as necessary to implement these changes to catastrophe modeling rules for insurer commitments
Legislative Description
Catastrophe modeling: distressed areas.
Last Action
Referred to Com. on INS.
3/16/2026
Committee Referrals
Insurance3/16/2026
Full Bill Text
No bill text available