California Assembly Bill AB2606 Latest Draft

 BILL NUMBER: AB 2606INTRODUCED BILL TEXT INTRODUCED BY Assembly Member Hagman FEBRUARY 19, 2010 An act to amend Section 2070 of the Insurance Code, relating to insurance. LEGISLATIVE COUNSEL'S DIGEST AB 2606, as introduced, Hagman. Insurance: fire: standard form policy. Existing law requires that all fire insurance policies on subject matter in this state be on the adopted standard form, except as provided. This bill would make technical, nonsubstantive changes to that provision. Vote: majority. Appropriation: no. Fiscal committee: no. State-mandated local program: no. THE PEOPLE OF THE STATE OF CALIFORNIA DO ENACT AS FOLLOWS: SECTION 1. Section 2070 of the Insurance Code is amended to read: 2070. All fire policies on subject matter in California shall be on the standard form, and, except as provided by this article shall not contain additions  thereto   to the form  . No part of the standard form shall be omitted  therefrom except that any policy providing coverage against the peril of fire only, or in combination with coverage against other perils, need not comply with the provisions of the standard form of fire insurance policy or Section 2080; provided, that coverage with respect to the peril of fire, when viewed in its entirety, is substantially equivalent to or more favorable to the insured than that contained in  such   the  standard form fire insurance policy.