CALIFORNIA LEGISLATURE 20212022 REGULAR SESSION Senate Bill No. 1444Introduced by Senator AllenFebruary 18, 2022 An act to amend Section 10090 of the Insurance Code, relating to the FAIR Plan.LEGISLATIVE COUNSEL'S DIGESTSB 1444, as introduced, Allen. California FAIR Plan: access.Existing law creates the California FAIR Plan Association, a joint reinsurance association formed by insurers licensed to write and engaged in writing basic property insurance within this state, to assist persons in securing basic property insurance and to formulate and administer a program for the equitable apportionment among insurers of basic property insurance.This bill would make technical, nonsubstantive changes to these provisions.Digest Key Vote: MAJORITY Appropriation: NO Fiscal Committee: NO Local Program: NO Bill TextThe people of the State of California do enact as follows:SECTION 1. Section 10090 of the Insurance Code is amended to read:10090. The purposes purpose of this chapter are is to do all of the following:(a) To assure stability in the property insurance market for property located in the State of California. state.(b) To assure the availability of basic property insurance as defined by this chapter.(c) To encourage maximum use, in obtaining basic property insurance, of the normal insurance market provided by admitted insurers and licensed surplus line brokers.(d) To provide for the equitable distribution among admitted insurers of the responsibility for insuring qualified property for which basic property insurance cannot be obtained through the normal insurance market by the establishment of a FAIR Plan (fair access to insurance requirements), an industry placement facility and a joint reinsurance association.
CALIFORNIA LEGISLATURE 20212022 REGULAR SESSION Senate Bill No. 1444Introduced by Senator AllenFebruary 18, 2022 An act to amend Section 10090 of the Insurance Code, relating to the FAIR Plan.LEGISLATIVE COUNSEL'S DIGESTSB 1444, as introduced, Allen. California FAIR Plan: access.Existing law creates the California FAIR Plan Association, a joint reinsurance association formed by insurers licensed to write and engaged in writing basic property insurance within this state, to assist persons in securing basic property insurance and to formulate and administer a program for the equitable apportionment among insurers of basic property insurance.This bill would make technical, nonsubstantive changes to these provisions.Digest Key Vote: MAJORITY Appropriation: NO Fiscal Committee: NO Local Program: NO
CALIFORNIA LEGISLATURE 20212022 REGULAR SESSION
Senate Bill
No. 1444
Introduced by Senator AllenFebruary 18, 2022
Introduced by Senator Allen
February 18, 2022
An act to amend Section 10090 of the Insurance Code, relating to the FAIR Plan.
LEGISLATIVE COUNSEL'S DIGEST
## LEGISLATIVE COUNSEL'S DIGEST
SB 1444, as introduced, Allen. California FAIR Plan: access.
Existing law creates the California FAIR Plan Association, a joint reinsurance association formed by insurers licensed to write and engaged in writing basic property insurance within this state, to assist persons in securing basic property insurance and to formulate and administer a program for the equitable apportionment among insurers of basic property insurance.This bill would make technical, nonsubstantive changes to these provisions.
Existing law creates the California FAIR Plan Association, a joint reinsurance association formed by insurers licensed to write and engaged in writing basic property insurance within this state, to assist persons in securing basic property insurance and to formulate and administer a program for the equitable apportionment among insurers of basic property insurance.
This bill would make technical, nonsubstantive changes to these provisions.
## Digest Key
## Bill Text
The people of the State of California do enact as follows:SECTION 1. Section 10090 of the Insurance Code is amended to read:10090. The purposes purpose of this chapter are is to do all of the following:(a) To assure stability in the property insurance market for property located in the State of California. state.(b) To assure the availability of basic property insurance as defined by this chapter.(c) To encourage maximum use, in obtaining basic property insurance, of the normal insurance market provided by admitted insurers and licensed surplus line brokers.(d) To provide for the equitable distribution among admitted insurers of the responsibility for insuring qualified property for which basic property insurance cannot be obtained through the normal insurance market by the establishment of a FAIR Plan (fair access to insurance requirements), an industry placement facility and a joint reinsurance association.
The people of the State of California do enact as follows:
## The people of the State of California do enact as follows:
SECTION 1. Section 10090 of the Insurance Code is amended to read:10090. The purposes purpose of this chapter are is to do all of the following:(a) To assure stability in the property insurance market for property located in the State of California. state.(b) To assure the availability of basic property insurance as defined by this chapter.(c) To encourage maximum use, in obtaining basic property insurance, of the normal insurance market provided by admitted insurers and licensed surplus line brokers.(d) To provide for the equitable distribution among admitted insurers of the responsibility for insuring qualified property for which basic property insurance cannot be obtained through the normal insurance market by the establishment of a FAIR Plan (fair access to insurance requirements), an industry placement facility and a joint reinsurance association.
SECTION 1. Section 10090 of the Insurance Code is amended to read:
### SECTION 1.
10090. The purposes purpose of this chapter are is to do all of the following:(a) To assure stability in the property insurance market for property located in the State of California. state.(b) To assure the availability of basic property insurance as defined by this chapter.(c) To encourage maximum use, in obtaining basic property insurance, of the normal insurance market provided by admitted insurers and licensed surplus line brokers.(d) To provide for the equitable distribution among admitted insurers of the responsibility for insuring qualified property for which basic property insurance cannot be obtained through the normal insurance market by the establishment of a FAIR Plan (fair access to insurance requirements), an industry placement facility and a joint reinsurance association.
10090. The purposes purpose of this chapter are is to do all of the following:(a) To assure stability in the property insurance market for property located in the State of California. state.(b) To assure the availability of basic property insurance as defined by this chapter.(c) To encourage maximum use, in obtaining basic property insurance, of the normal insurance market provided by admitted insurers and licensed surplus line brokers.(d) To provide for the equitable distribution among admitted insurers of the responsibility for insuring qualified property for which basic property insurance cannot be obtained through the normal insurance market by the establishment of a FAIR Plan (fair access to insurance requirements), an industry placement facility and a joint reinsurance association.
10090. The purposes purpose of this chapter are is to do all of the following:(a) To assure stability in the property insurance market for property located in the State of California. state.(b) To assure the availability of basic property insurance as defined by this chapter.(c) To encourage maximum use, in obtaining basic property insurance, of the normal insurance market provided by admitted insurers and licensed surplus line brokers.(d) To provide for the equitable distribution among admitted insurers of the responsibility for insuring qualified property for which basic property insurance cannot be obtained through the normal insurance market by the establishment of a FAIR Plan (fair access to insurance requirements), an industry placement facility and a joint reinsurance association.
10090. The purposes purpose of this chapter are is to do all of the following:
(a) To assure stability in the property insurance market for property located in the State of California. state.
(b) To assure the availability of basic property insurance as defined by this chapter.
(c) To encourage maximum use, in obtaining basic property insurance, of the normal insurance market provided by admitted insurers and licensed surplus line brokers.
(d) To provide for the equitable distribution among admitted insurers of the responsibility for insuring qualified property for which basic property insurance cannot be obtained through the normal insurance market by the establishment of a FAIR Plan (fair access to insurance requirements), an industry placement facility and a joint reinsurance association.