CA SB547

Prohibits insurers from canceling or refusing to renew commercial property insurance policies for properties located in ZIP Codes within or adjacent to a wildfire perimeter for one year after a state of emergency declaration

Exceptions allow cancellation/nonrenewal if the insured commits willful or grossly negligent acts, unrelated losses make the risk ineligible, or physical changes beyond catastrophe damage render the property uninsurable

Excludes inland marine, transit, transportation, and commercial automobile insurance policies from the protections

Excludes commercial property policies with annual premiums of $25,000 or more where the insured employed at least 25 employees on average in the prior 12 months

Protections still apply regardless of premium/employee thresholds to residential-use properties including HOAs, condominium associations, apartment complexes, multifamily dwellings with more than 5 units, student housing, and senior living facilities