Bill > SB1301

This bill, effective July 1, 2027, significantly alters the requirements for insurers regarding nonrenewals and changes to residential property insurance policies. Insurers must now provide policyholders with a renewal offer at least 90 days before policy expiration or a notice of nonrenewal or a notice of renewal with reduced coverage or limits at least 180 days before expiration. These notices must clearly explain the reasons for the change, including specific underwriting guidelines and any wildfire risk assessments, and provide policyholders with at least 90 days to make necessary property repairs or provide additional information to potentially maintain their coverage, with extensions possible. The bill also prohibits insurers from denying or nonrenewing policies based on certain types of claims, previous inquiries about coverage, or the age of a roof if it has at least five years of remaining useful life confirmed by an inspection. Furthermore, insurers must submit annual reports to the Insurance Commissioner detailing policy changes, and the Commissioner will publish aggregated data.

https://leginfo.legislature.ca.gov/faces/billStatusClient.xhtml?bill_id=202520260SB1301