CA
California Assembly Bill AB1439

California 2021-2022 Regular Session

California Assembly Bill AB1439 Compare Versions

OldNewDifferences
1-Amended IN Assembly April 06, 2021 CALIFORNIA LEGISLATURE 20212022 REGULAR SESSION Assembly Bill No. 1439Introduced by Assembly Member LevineFebruary 19, 2021 An act to add Article 4 (commencing with Section 2090) to Chapter 2 of Part 1 of Division 2 of the Insurance Code, relating to insurance.LEGISLATIVE COUNSEL'S DIGESTAB 1439, as amended, Levine. Residential property Property insurance discounts.Existing law generally regulates classes of insurance, including residential and commercial property insurance. The Insurance Rate Reduction and Reform Act of 1988, an initiative measure enacted by Proposition 103, as approved by the voters at the November 8, 1988, statewide general election, prohibits specified insurance rates from being approved or remaining in effect that are excessive, inadequate, unfairly discriminatory, or otherwise in violation of the act. The act requires an insurer that wishes to change a rate to file a complete rate application with the Insurance Commissioner, for which there may be a hearing, as prescribed. Existing law authorizes the provisions of Proposition 103 to be amended by a statute that furthers the purposes of the act and is enacted by the Legislature with a 2/3 vote.This bill would require a residential or commercial property insurance policy issued, amended, or renewed on or after January 1, 2022, to include a discount if a local government of the jurisdiction where the insured property is located funds a local wildfire protection or mitigation program. Because the bill would mandate discounts for specified residential property insurance policies, thus affecting the commissioners consideration of a rate, the bill would amend Proposition 103.Digest Key Vote: 2/3 Appropriation: NO Fiscal Committee: YES Local Program: NO Bill TextThe people of the State of California do enact as follows:SECTION 1. Article 4 (commencing with Section 2090) is added to Chapter 2 of Part 1 of Division 2 of the Insurance Code, to read: Article 4. Wildfire Areas2090. A residential or commercial property insurance policy issued, amended, or renewed on or after January 1, 2022, shall include a discount if a local government of the jurisdiction where the insured property is located funds a local wildfire protection or mitigation program, either by ordinance or by a measure approved by the voters.
1+CALIFORNIA LEGISLATURE 20212022 REGULAR SESSION Assembly Bill No. 1439Introduced by Assembly Member LevineFebruary 19, 2021 An act to add Article 4 (commencing with Section 2090) to Chapter 2 of Part 1 of Division 2 of the Insurance Code, relating to insurance.LEGISLATIVE COUNSEL'S DIGESTAB 1439, as introduced, Levine. Residential property insurance discounts.Existing law generally regulates classes of insurance, including residential property insurance. The Insurance Rate Reduction and Reform Act of 1988, an initiative measure enacted by Proposition 103, as approved by the voters at the November 8, 1988, statewide general election, prohibits specified insurance rates from being approved or remaining in effect that are excessive, inadequate, unfairly discriminatory, or otherwise in violation of the act. The act requires an insurer that wishes to change a rate to file a complete rate application with the Insurance Commissioner, for which there may be a hearing, as prescribed. Existing law authorizes the provisions of Proposition 103 to be amended by a statute that furthers the purposes of the act and is enacted by the Legislature with a 2/3 vote.This bill would require a residential property insurance policy issued, amended, or renewed on or after January 1, 2022, to include a discount if a local government of the jurisdiction where the insured property is located funds a local wildfire protection or mitigation program. Because the bill would mandate discounts for specified residential property insurance policies, thus affecting the commissioners consideration of a rate, the bill would amend Proposition 103.Digest Key Vote: 2/3 Appropriation: NO Fiscal Committee: YES Local Program: NO Bill TextThe people of the State of California do enact as follows:SECTION 1. Article 4 (commencing with Section 2090) is added to Chapter 2 of Part 1 of Division 2 of the Insurance Code, to read: Article 4. Wildfire Areas2090. A residential property insurance policy issued, amended, or renewed on or after January 1, 2022, shall include a discount if a local government of the jurisdiction where the insured property is located funds a local wildfire protection or mitigation program, either by ordinance or by a measure approved by the voters.
22
3- Amended IN Assembly April 06, 2021 CALIFORNIA LEGISLATURE 20212022 REGULAR SESSION Assembly Bill No. 1439Introduced by Assembly Member LevineFebruary 19, 2021 An act to add Article 4 (commencing with Section 2090) to Chapter 2 of Part 1 of Division 2 of the Insurance Code, relating to insurance.LEGISLATIVE COUNSEL'S DIGESTAB 1439, as amended, Levine. Residential property Property insurance discounts.Existing law generally regulates classes of insurance, including residential and commercial property insurance. The Insurance Rate Reduction and Reform Act of 1988, an initiative measure enacted by Proposition 103, as approved by the voters at the November 8, 1988, statewide general election, prohibits specified insurance rates from being approved or remaining in effect that are excessive, inadequate, unfairly discriminatory, or otherwise in violation of the act. The act requires an insurer that wishes to change a rate to file a complete rate application with the Insurance Commissioner, for which there may be a hearing, as prescribed. Existing law authorizes the provisions of Proposition 103 to be amended by a statute that furthers the purposes of the act and is enacted by the Legislature with a 2/3 vote.This bill would require a residential or commercial property insurance policy issued, amended, or renewed on or after January 1, 2022, to include a discount if a local government of the jurisdiction where the insured property is located funds a local wildfire protection or mitigation program. Because the bill would mandate discounts for specified residential property insurance policies, thus affecting the commissioners consideration of a rate, the bill would amend Proposition 103.Digest Key Vote: 2/3 Appropriation: NO Fiscal Committee: YES Local Program: NO
3+ CALIFORNIA LEGISLATURE 20212022 REGULAR SESSION Assembly Bill No. 1439Introduced by Assembly Member LevineFebruary 19, 2021 An act to add Article 4 (commencing with Section 2090) to Chapter 2 of Part 1 of Division 2 of the Insurance Code, relating to insurance.LEGISLATIVE COUNSEL'S DIGESTAB 1439, as introduced, Levine. Residential property insurance discounts.Existing law generally regulates classes of insurance, including residential property insurance. The Insurance Rate Reduction and Reform Act of 1988, an initiative measure enacted by Proposition 103, as approved by the voters at the November 8, 1988, statewide general election, prohibits specified insurance rates from being approved or remaining in effect that are excessive, inadequate, unfairly discriminatory, or otherwise in violation of the act. The act requires an insurer that wishes to change a rate to file a complete rate application with the Insurance Commissioner, for which there may be a hearing, as prescribed. Existing law authorizes the provisions of Proposition 103 to be amended by a statute that furthers the purposes of the act and is enacted by the Legislature with a 2/3 vote.This bill would require a residential property insurance policy issued, amended, or renewed on or after January 1, 2022, to include a discount if a local government of the jurisdiction where the insured property is located funds a local wildfire protection or mitigation program. Because the bill would mandate discounts for specified residential property insurance policies, thus affecting the commissioners consideration of a rate, the bill would amend Proposition 103.Digest Key Vote: 2/3 Appropriation: NO Fiscal Committee: YES Local Program: NO
44
5- Amended IN Assembly April 06, 2021
65
7-Amended IN Assembly April 06, 2021
6+
7+
88
99 CALIFORNIA LEGISLATURE 20212022 REGULAR SESSION
1010
1111 Assembly Bill
1212
1313 No. 1439
1414
1515 Introduced by Assembly Member LevineFebruary 19, 2021
1616
1717 Introduced by Assembly Member Levine
1818 February 19, 2021
1919
2020 An act to add Article 4 (commencing with Section 2090) to Chapter 2 of Part 1 of Division 2 of the Insurance Code, relating to insurance.
2121
2222 LEGISLATIVE COUNSEL'S DIGEST
2323
2424 ## LEGISLATIVE COUNSEL'S DIGEST
2525
26-AB 1439, as amended, Levine. Residential property Property insurance discounts.
26+AB 1439, as introduced, Levine. Residential property insurance discounts.
2727
28-Existing law generally regulates classes of insurance, including residential and commercial property insurance. The Insurance Rate Reduction and Reform Act of 1988, an initiative measure enacted by Proposition 103, as approved by the voters at the November 8, 1988, statewide general election, prohibits specified insurance rates from being approved or remaining in effect that are excessive, inadequate, unfairly discriminatory, or otherwise in violation of the act. The act requires an insurer that wishes to change a rate to file a complete rate application with the Insurance Commissioner, for which there may be a hearing, as prescribed. Existing law authorizes the provisions of Proposition 103 to be amended by a statute that furthers the purposes of the act and is enacted by the Legislature with a 2/3 vote.This bill would require a residential or commercial property insurance policy issued, amended, or renewed on or after January 1, 2022, to include a discount if a local government of the jurisdiction where the insured property is located funds a local wildfire protection or mitigation program. Because the bill would mandate discounts for specified residential property insurance policies, thus affecting the commissioners consideration of a rate, the bill would amend Proposition 103.
28+Existing law generally regulates classes of insurance, including residential property insurance. The Insurance Rate Reduction and Reform Act of 1988, an initiative measure enacted by Proposition 103, as approved by the voters at the November 8, 1988, statewide general election, prohibits specified insurance rates from being approved or remaining in effect that are excessive, inadequate, unfairly discriminatory, or otherwise in violation of the act. The act requires an insurer that wishes to change a rate to file a complete rate application with the Insurance Commissioner, for which there may be a hearing, as prescribed. Existing law authorizes the provisions of Proposition 103 to be amended by a statute that furthers the purposes of the act and is enacted by the Legislature with a 2/3 vote.This bill would require a residential property insurance policy issued, amended, or renewed on or after January 1, 2022, to include a discount if a local government of the jurisdiction where the insured property is located funds a local wildfire protection or mitigation program. Because the bill would mandate discounts for specified residential property insurance policies, thus affecting the commissioners consideration of a rate, the bill would amend Proposition 103.
2929
30-Existing law generally regulates classes of insurance, including residential and commercial property insurance. The Insurance Rate Reduction and Reform Act of 1988, an initiative measure enacted by Proposition 103, as approved by the voters at the November 8, 1988, statewide general election, prohibits specified insurance rates from being approved or remaining in effect that are excessive, inadequate, unfairly discriminatory, or otherwise in violation of the act. The act requires an insurer that wishes to change a rate to file a complete rate application with the Insurance Commissioner, for which there may be a hearing, as prescribed. Existing law authorizes the provisions of Proposition 103 to be amended by a statute that furthers the purposes of the act and is enacted by the Legislature with a 2/3 vote.
30+Existing law generally regulates classes of insurance, including residential property insurance. The Insurance Rate Reduction and Reform Act of 1988, an initiative measure enacted by Proposition 103, as approved by the voters at the November 8, 1988, statewide general election, prohibits specified insurance rates from being approved or remaining in effect that are excessive, inadequate, unfairly discriminatory, or otherwise in violation of the act. The act requires an insurer that wishes to change a rate to file a complete rate application with the Insurance Commissioner, for which there may be a hearing, as prescribed. Existing law authorizes the provisions of Proposition 103 to be amended by a statute that furthers the purposes of the act and is enacted by the Legislature with a 2/3 vote.
3131
32-This bill would require a residential or commercial property insurance policy issued, amended, or renewed on or after January 1, 2022, to include a discount if a local government of the jurisdiction where the insured property is located funds a local wildfire protection or mitigation program. Because the bill would mandate discounts for specified residential property insurance policies, thus affecting the commissioners consideration of a rate, the bill would amend Proposition 103.
32+This bill would require a residential property insurance policy issued, amended, or renewed on or after January 1, 2022, to include a discount if a local government of the jurisdiction where the insured property is located funds a local wildfire protection or mitigation program. Because the bill would mandate discounts for specified residential property insurance policies, thus affecting the commissioners consideration of a rate, the bill would amend Proposition 103.
3333
3434 ## Digest Key
3535
3636 ## Bill Text
3737
38-The people of the State of California do enact as follows:SECTION 1. Article 4 (commencing with Section 2090) is added to Chapter 2 of Part 1 of Division 2 of the Insurance Code, to read: Article 4. Wildfire Areas2090. A residential or commercial property insurance policy issued, amended, or renewed on or after January 1, 2022, shall include a discount if a local government of the jurisdiction where the insured property is located funds a local wildfire protection or mitigation program, either by ordinance or by a measure approved by the voters.
38+The people of the State of California do enact as follows:SECTION 1. Article 4 (commencing with Section 2090) is added to Chapter 2 of Part 1 of Division 2 of the Insurance Code, to read: Article 4. Wildfire Areas2090. A residential property insurance policy issued, amended, or renewed on or after January 1, 2022, shall include a discount if a local government of the jurisdiction where the insured property is located funds a local wildfire protection or mitigation program, either by ordinance or by a measure approved by the voters.
3939
4040 The people of the State of California do enact as follows:
4141
4242 ## The people of the State of California do enact as follows:
4343
44-SECTION 1. Article 4 (commencing with Section 2090) is added to Chapter 2 of Part 1 of Division 2 of the Insurance Code, to read: Article 4. Wildfire Areas2090. A residential or commercial property insurance policy issued, amended, or renewed on or after January 1, 2022, shall include a discount if a local government of the jurisdiction where the insured property is located funds a local wildfire protection or mitigation program, either by ordinance or by a measure approved by the voters.
44+SECTION 1. Article 4 (commencing with Section 2090) is added to Chapter 2 of Part 1 of Division 2 of the Insurance Code, to read: Article 4. Wildfire Areas2090. A residential property insurance policy issued, amended, or renewed on or after January 1, 2022, shall include a discount if a local government of the jurisdiction where the insured property is located funds a local wildfire protection or mitigation program, either by ordinance or by a measure approved by the voters.
4545
4646 SECTION 1. Article 4 (commencing with Section 2090) is added to Chapter 2 of Part 1 of Division 2 of the Insurance Code, to read:
4747
4848 ### SECTION 1.
4949
50- Article 4. Wildfire Areas2090. A residential or commercial property insurance policy issued, amended, or renewed on or after January 1, 2022, shall include a discount if a local government of the jurisdiction where the insured property is located funds a local wildfire protection or mitigation program, either by ordinance or by a measure approved by the voters.
50+ Article 4. Wildfire Areas2090. A residential property insurance policy issued, amended, or renewed on or after January 1, 2022, shall include a discount if a local government of the jurisdiction where the insured property is located funds a local wildfire protection or mitigation program, either by ordinance or by a measure approved by the voters.
5151
52- Article 4. Wildfire Areas2090. A residential or commercial property insurance policy issued, amended, or renewed on or after January 1, 2022, shall include a discount if a local government of the jurisdiction where the insured property is located funds a local wildfire protection or mitigation program, either by ordinance or by a measure approved by the voters.
52+ Article 4. Wildfire Areas2090. A residential property insurance policy issued, amended, or renewed on or after January 1, 2022, shall include a discount if a local government of the jurisdiction where the insured property is located funds a local wildfire protection or mitigation program, either by ordinance or by a measure approved by the voters.
5353
5454 Article 4. Wildfire Areas
5555
5656 Article 4. Wildfire Areas
5757
58-2090. A residential or commercial property insurance policy issued, amended, or renewed on or after January 1, 2022, shall include a discount if a local government of the jurisdiction where the insured property is located funds a local wildfire protection or mitigation program, either by ordinance or by a measure approved by the voters.
58+2090. A residential property insurance policy issued, amended, or renewed on or after January 1, 2022, shall include a discount if a local government of the jurisdiction where the insured property is located funds a local wildfire protection or mitigation program, either by ordinance or by a measure approved by the voters.
5959
6060
6161
62-2090. A residential or commercial property insurance policy issued, amended, or renewed on or after January 1, 2022, shall include a discount if a local government of the jurisdiction where the insured property is located funds a local wildfire protection or mitigation program, either by ordinance or by a measure approved by the voters.
62+2090. A residential property insurance policy issued, amended, or renewed on or after January 1, 2022, shall include a discount if a local government of the jurisdiction where the insured property is located funds a local wildfire protection or mitigation program, either by ordinance or by a measure approved by the voters.