Bill > AB290

This bill requires the California FAIR Plan Association (a state-mandated insurance pool that provides basic property insurance to people who cannot obtain coverage through traditional insurance markets) to establish an automatic payment system for insurance premiums by April 1, 2026. The legislation specifically prohibits the FAIR Plan from canceling or not renewing an insurance policy solely because a policyholder has not signed up for automatic payments. Additionally, the bill maintains existing rules that give policyholders a 10-calendar-day notice period to pay any outstanding premium installments before their policy can be canceled. This proposed law aims to provide more flexibility and protection for FAIR Plan insurance customers by ensuring they cannot be penalized for not using automatic payments while still preserving the insurance company's ability to enforce premium payment requirements through standard notification procedures.

Budget and Finance, Business and Industry, Health and Social Services

https://leginfo.legislature.ca.gov/faces/billStatusClient.xhtml?bill_id=202520260AB290