California Assembly Bill AB2224 Introduced / Bill

 BILL NUMBER: AB 2224INTRODUCED BILL TEXT INTRODUCED BY Assembly Member Nazarian FEBRUARY 20, 2014 An act to amend Section 667.5 of the Insurance Code, relating to insurance. LEGISLATIVE COUNSEL'S DIGEST AB 2224, as introduced, Nazarian. Insurance: cancellation: failure to renew. Existing law requires, with exceptions, that the cancellation of an insurance policy or any change in the policy, executed by the insurer at the request of the named insured designated on the declarations page of the policy, is binding on any other insured or named insured. The insurer is required to mail or deliver the notice of cancellation or an endorsement evidencing the named insured's request to all individuals or entities designated as named insureds on the declarations page of the policy. This bill would make technical, nonsubstantive changes to those provisions. 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 667.5 of the Insurance Code is amended to read: 667.5.  (a)    Unless a policy specifically provides otherwise, the cancellation of a policy, or any change in  the   a  policy, executed by an insurer, at the request of the named insured designated on the declarations page of the policy, shall be binding upon any other insured or named insured.  Notice   (b)     Notice  of cancellation or an endorsement evidencing the named insured's request shall be mailed or delivered to the address stated in the policy to all individuals or to all entities designated as named insureds on the declarations page of the policy.