Bill > AB488

This bill modifies the regulations for the California FAIR Plan Association (FAIR Plan), a state-mandated insurance association that provides basic property insurance to property owners who cannot obtain coverage in the standard insurance market. Specifically, the bill repeals the requirement that the FAIR Plan file a new or amended rate application within 90 days after July 23, 2021, and removes the mandate to publish its toll-free telephone number in all general distribution telephone directories. The bill makes some minor technical updates to the language, such as changing "Internet Web site" to "internet website" and "his or her" to "their", and maintains the FAIR Plan's obligation to establish and maintain a statewide toll-free telephone number and internet website for providing insurance information and assistance. Insurance agents and brokers will still be required to help people seeking basic property insurance coverage by submitting applications, providing contact information for the FAIR Plan, or assisting in finding alternative coverage. These changes appear to simplify administrative requirements for the FAIR Plan while preserving its core function of providing insurance access.

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https://leginfo.legislature.ca.gov/faces/billStatusClient.xhtml?bill_id=202520260AB488