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| 1 | + | Amended IN Senate March 10, 2021 CALIFORNIA LEGISLATURE 20212022 REGULAR SESSION Senate Bill No. 72Introduced by Senator RubioDecember 10, 2020 An act to add Section 929.4 to to, and to add and repeal Section 10100.4 of, the Insurance Code, relating to insurance. LEGISLATIVE COUNSEL'S DIGESTSB 72, as amended, Rubio. Residential property Property insurance: wildfire risk information reporting.Existing law establishes the Department of Insurance, headed by the Insurance Commissioner, which regulates insurers and insurance practices. Existing law requires an admitted insurer with written California premiums totaling $10,000,000 or more, on or before April 1, 2020, and every 2 years thereafter, as specified, to submit a report to the commissioner with specified fire risk information on its residential property policies, and subjects an admitted insurer that willfully fails to submit a report to a prescribed civil penalty, and penalty. Existing law requires the commissioner to post to the Department of Insurances departments internet website a report on wildfire risk compiled from the collected fire risk information.Existing law establishes in state government the Natural Resources Agency under the supervision of the Secretary of the Natural Resources Agency, consisting of various departments, including the Department of Forestry and Fire Prevention, which is responsible for the fire protection, fire prevention, maintenance, and enhancement of the states forest, range, and brushland resources, among other things. ByOn or before November 1, 2022, and annually thereafter, this bill would require the commissioner to transmit to the secretary of the agency a report that makes geographic recommendations for vegetation management projects based on the commissioners analysis of specified information, including nonrenewal data on policies of residential property insurance, and to post that report on the Department of Insurances internet website.Under existing law, the California FAIR Plan Association, also known as the facility, is a joint reinsurance association in which all insurers licensed to write basic property insurance participate in administering a program for the equitable apportionment of basic property insurance for persons who are unable to obtain that coverage through normal channels.This bill would require the facility to contract with a provider of risk management and modeling services to conduct a study on how concentration risks affect the FAIR Plans policies in high fire risk areas, as specified. The bill would require the facility to submit the report to the Department of Insurance, the Natural Resources Agency, and the Legislature on or before December 31, 2022.Digest Key Vote: MAJORITY Appropriation: NO Fiscal Committee: YES Local Program: NO Bill TextThe people of the State of California do enact as follows:SECTION 1. Section 929.4 is added to the Insurance Code, to read:929.4. By On or before November 1, 2022, and annually thereafter, the commissioner shall do both of the following:(a) Transmit to the Secretary of the Natural Resources Agency a report that makes geographic recommendations for vegetation management projects based on the commissioners analysis of nonrenewal data on policies of residential property insurance and the perceived risks of the industry.(b) Post the report described under subdivision (a) on the departments internet website.SEC. 2. Section 10100.4 is added to the Insurance Code, to read:10100.4. (a) The facility shall contract with a provider of risk management and modeling services to conduct a study on how concentration risks affect the FAIR Plans policies in high fire risk areas. The study shall focus on areas of the state in which the FAIR Plan does significant business to identify the cities, counties, or regions of the state in which neighborhood character, lack of local firefighting resources, and housing construction, age, location, and materials create the highest risk for loss, increase premium costs, and contribute most to reinsurance costs.(b) On or before December 31, 2022, the facility shall submit the report prepared pursuant to subdivision (a) to the department, the Natural Resources Agency, and the Legislature. The plan submitted to the Legislature shall be submitted in compliance with Section 9795 of the Government Code.(c) This section shall remain in effect only until January 1, 2026, and as of that date is repealed. | |
| 2 | 2 | ||
| 3 | - | ||
| 3 | + | Amended IN Senate March 10, 2021 CALIFORNIA LEGISLATURE 20212022 REGULAR SESSION Senate Bill No. 72Introduced by Senator RubioDecember 10, 2020 An act to add Section 929.4 to to, and to add and repeal Section 10100.4 of, the Insurance Code, relating to insurance. LEGISLATIVE COUNSEL'S DIGESTSB 72, as amended, Rubio. Residential property Property insurance: wildfire risk information reporting.Existing law establishes the Department of Insurance, headed by the Insurance Commissioner, which regulates insurers and insurance practices. Existing law requires an admitted insurer with written California premiums totaling $10,000,000 or more, on or before April 1, 2020, and every 2 years thereafter, as specified, to submit a report to the commissioner with specified fire risk information on its residential property policies, and subjects an admitted insurer that willfully fails to submit a report to a prescribed civil penalty, and penalty. Existing law requires the commissioner to post to the Department of Insurances departments internet website a report on wildfire risk compiled from the collected fire risk information.Existing law establishes in state government the Natural Resources Agency under the supervision of the Secretary of the Natural Resources Agency, consisting of various departments, including the Department of Forestry and Fire Prevention, which is responsible for the fire protection, fire prevention, maintenance, and enhancement of the states forest, range, and brushland resources, among other things. ByOn or before November 1, 2022, and annually thereafter, this bill would require the commissioner to transmit to the secretary of the agency a report that makes geographic recommendations for vegetation management projects based on the commissioners analysis of specified information, including nonrenewal data on policies of residential property insurance, and to post that report on the Department of Insurances internet website.Under existing law, the California FAIR Plan Association, also known as the facility, is a joint reinsurance association in which all insurers licensed to write basic property insurance participate in administering a program for the equitable apportionment of basic property insurance for persons who are unable to obtain that coverage through normal channels.This bill would require the facility to contract with a provider of risk management and modeling services to conduct a study on how concentration risks affect the FAIR Plans policies in high fire risk areas, as specified. The bill would require the facility to submit the report to the Department of Insurance, the Natural Resources Agency, and the Legislature on or before December 31, 2022.Digest Key Vote: MAJORITY Appropriation: NO Fiscal Committee: YES Local Program: NO | |
| 4 | 4 | ||
| 5 | - | ||
| 5 | + | Amended IN Senate March 10, 2021 | |
| 6 | 6 | ||
| 7 | - | Amended IN Assembly June 28, 2021 | |
| 8 | 7 | Amended IN Senate March 10, 2021 | |
| 9 | 8 | ||
| 10 | 9 | CALIFORNIA LEGISLATURE 20212022 REGULAR SESSION | |
| 11 | 10 | ||
| 12 | 11 | Senate Bill | |
| 13 | 12 | ||
| 14 | 13 | No. 72 | |
| 15 | 14 | ||
| 16 | 15 | Introduced by Senator RubioDecember 10, 2020 | |
| 17 | 16 | ||
| 18 | 17 | Introduced by Senator Rubio | |
| 19 | 18 | December 10, 2020 | |
| 20 | 19 | ||
| 21 | - | An act to add Section 929.4 to, and to add and repeal Section 10100.4 of, the Insurance Code, relating to insurance. | |
| 20 | + | An act to add Section 929.4 to to, and to add and repeal Section 10100.4 of, the Insurance Code, relating to insurance. | |
| 22 | 21 | ||
| 23 | 22 | LEGISLATIVE COUNSEL'S DIGEST | |
| 24 | 23 | ||
| 25 | 24 | ## LEGISLATIVE COUNSEL'S DIGEST | |
| 26 | 25 | ||
| 27 | - | SB 72, as amended, Rubio. Property insurance: wildfire risk information reporting. | |
| 26 | + | SB 72, as amended, Rubio. Residential property Property insurance: wildfire risk information reporting. | |
| 28 | 27 | ||
| 29 | - | Existing law establishes the Department of Insurance, headed by the Insurance Commissioner, which regulates insurers and insurance practices. Existing law requires an admitted insurer with written California premiums totaling $10,000,000 or more, on or before April 1, 2020, and every 2 years thereafter, as specified, to submit a report to the commissioner with specified fire risk information on its residential property policies, and subjects an admitted insurer that willfully fails to submit a report to a prescribed civil penalty. Existing law requires the commissioner to post to the departments internet website a report on wildfire risk compiled from the collected fire risk information.Existing law establishes in state government the Natural Resources Agency under the supervision of the Secretary of the Natural Resources Agency, consisting of various departments, including the Department of Forestry and Fire Prevention, | |
| 28 | + | Existing law establishes the Department of Insurance, headed by the Insurance Commissioner, which regulates insurers and insurance practices. Existing law requires an admitted insurer with written California premiums totaling $10,000,000 or more, on or before April 1, 2020, and every 2 years thereafter, as specified, to submit a report to the commissioner with specified fire risk information on its residential property policies, and subjects an admitted insurer that willfully fails to submit a report to a prescribed civil penalty, and penalty. Existing law requires the commissioner to post to the Department of Insurances departments internet website a report on wildfire risk compiled from the collected fire risk information.Existing law establishes in state government the Natural Resources Agency under the supervision of the Secretary of the Natural Resources Agency, consisting of various departments, including the Department of Forestry and Fire Prevention, which is responsible for the fire protection, fire prevention, maintenance, and enhancement of the states forest, range, and brushland resources, among other things. ByOn or before November 1, 2022, and annually thereafter, this bill would require the commissioner to transmit to the secretary of the agency a report that makes geographic recommendations for vegetation management projects based on the commissioners analysis of specified information, including nonrenewal data on policies of residential property insurance, and to post that report on the Department of Insurances internet website.Under existing law, the California FAIR Plan Association, also known as the facility, is a joint reinsurance association in which all insurers licensed to write basic property insurance participate in administering a program for the equitable apportionment of basic property insurance for persons who are unable to obtain that coverage through normal channels.This bill would require the facility to contract with a provider of risk management and modeling services to conduct a study on how concentration risks affect the FAIR Plans policies in high fire risk areas, as specified. The bill would require the facility to submit the report to the Department of Insurance, the Natural Resources Agency, and the Legislature on or before December 31, 2022. | |
| 30 | 29 | ||
| 31 | - | Existing law establishes the Department of Insurance, headed by the Insurance Commissioner, which regulates insurers and insurance practices. Existing law requires an admitted insurer with written California premiums totaling $10,000,000 or more, on or before April 1, 2020, and every 2 years thereafter, as specified, to submit a report to the commissioner with specified fire risk information on its residential property policies, and subjects an admitted insurer that willfully fails to submit a report to a prescribed civil penalty. Existing law requires the commissioner to post to the departments internet website a report on wildfire risk compiled from the collected fire risk information. | |
| 30 | + | Existing law establishes the Department of Insurance, headed by the Insurance Commissioner, which regulates insurers and insurance practices. Existing law requires an admitted insurer with written California premiums totaling $10,000,000 or more, on or before April 1, 2020, and every 2 years thereafter, as specified, to submit a report to the commissioner with specified fire risk information on its residential property policies, and subjects an admitted insurer that willfully fails to submit a report to a prescribed civil penalty, and penalty. Existing law requires the commissioner to post to the Department of Insurances departments internet website a report on wildfire risk compiled from the collected fire risk information. | |
| 32 | 31 | ||
| 33 | - | Existing law establishes in state government the Natural Resources Agency under the supervision of the Secretary of the Natural Resources Agency, consisting of various departments, including the Department of Forestry and Fire Prevention, Protection, which is responsible for the fire protection, fire prevention, maintenance, and enhancement of the states forest, range, and brushland resources, among other things. | |
| 32 | + | Existing law establishes in state government the Natural Resources Agency under the supervision of the Secretary of the Natural Resources Agency, consisting of various departments, including the Department of Forestry and Fire Prevention, which is responsible for the fire protection, fire prevention, maintenance, and enhancement of the states forest, range, and brushland resources, among other things. | |
| 33 | + | ||
| 34 | + | By | |
| 35 | + | ||
| 36 | + | ||
| 34 | 37 | ||
| 35 | 38 | On or before November 1, 2022, and annually thereafter, this bill would require the commissioner to transmit to the secretary of the agency a report that makes geographic recommendations for vegetation management projects based on the commissioners analysis of specified information, including nonrenewal data on policies of residential property insurance, and to post that report on the Department of Insurances internet website. | |
| 36 | 39 | ||
| 37 | 40 | Under existing law, the California FAIR Plan Association, also known as the facility, is a joint reinsurance association in which all insurers licensed to write basic property insurance participate in administering a program for the equitable apportionment of basic property insurance for persons who are unable to obtain that coverage through normal channels. | |
| 38 | 41 | ||
| 39 | - | This bill would require the facility to contract with a provider of risk management and modeling services to conduct a study on how concentration risks affect the FAIR Plans policies in high fire risk areas, as specified. The bill would require the facility to submit the report to the Department of Insurance, the Natural Resources Agency, and the Legislature | |
| 42 | + | This bill would require the facility to contract with a provider of risk management and modeling services to conduct a study on how concentration risks affect the FAIR Plans policies in high fire risk areas, as specified. The bill would require the facility to submit the report to the Department of Insurance, the Natural Resources Agency, and the Legislature on or before December 31, 2022. | |
| 40 | 43 | ||
| 41 | 44 | ## Digest Key | |
| 42 | 45 | ||
| 43 | 46 | ## Bill Text | |
| 44 | 47 | ||
| 45 | - | The people of the State of California do enact as follows:SECTION 1. Section 929.4 is added to the Insurance Code, to read:929.4. On or before November 1, 2022, and annually thereafter, the commissioner shall do both of the following:(a) Transmit to the Secretary of the Natural Resources Agency a report that makes geographic recommendations for vegetation management projects based on the commissioners analysis of nonrenewal data on policies of residential property insurance and the perceived risks of the industry.(b) Post the report described under subdivision (a) on the departments internet website.SEC. 2. Section 10100.4 is added to the Insurance Code, to read:10100.4. (a) The facility shall contract with a provider of risk management and modeling services to conduct a study on how concentration risks affect the FAIR Plans policies in high fire risk areas. The study shall focus on areas of the state in which the FAIR Plan does significant business to identify the cities, counties, or regions of the state in which neighborhood character, lack of local firefighting resources, and housing construction, age, location, and materials create the highest risk for loss, increase premium costs, and contribute most to reinsurance costs.(b) On or before December 31, 2022, the facility shall submit the report prepared pursuant to subdivision (a) to the department, the Natural Resources Agency, and the Legislature. the | |
| 48 | + | The people of the State of California do enact as follows:SECTION 1. Section 929.4 is added to the Insurance Code, to read:929.4. By On or before November 1, 2022, and annually thereafter, the commissioner shall do both of the following:(a) Transmit to the Secretary of the Natural Resources Agency a report that makes geographic recommendations for vegetation management projects based on the commissioners analysis of nonrenewal data on policies of residential property insurance and the perceived risks of the industry.(b) Post the report described under subdivision (a) on the departments internet website.SEC. 2. Section 10100.4 is added to the Insurance Code, to read:10100.4. (a) The facility shall contract with a provider of risk management and modeling services to conduct a study on how concentration risks affect the FAIR Plans policies in high fire risk areas. The study shall focus on areas of the state in which the FAIR Plan does significant business to identify the cities, counties, or regions of the state in which neighborhood character, lack of local firefighting resources, and housing construction, age, location, and materials create the highest risk for loss, increase premium costs, and contribute most to reinsurance costs.(b) On or before December 31, 2022, the facility shall submit the report prepared pursuant to subdivision (a) to the department, the Natural Resources Agency, and the Legislature. The plan submitted to the Legislature shall be submitted in compliance with Section 9795 of the Government Code.(c) This section shall remain in effect only until January 1, 2026, and as of that date is repealed. | |
| 46 | 49 | ||
| 47 | 50 | The people of the State of California do enact as follows: | |
| 48 | 51 | ||
| 49 | 52 | ## The people of the State of California do enact as follows: | |
| 50 | 53 | ||
| 51 | - | SECTION 1. Section 929.4 is added to the Insurance Code, to read:929.4. On or before November 1, 2022, and annually thereafter, the commissioner shall do both of the following:(a) Transmit to the Secretary of the Natural Resources Agency a report that makes geographic recommendations for vegetation management projects based on the commissioners analysis of nonrenewal data on policies of residential property insurance and the perceived risks of the industry.(b) Post the report described under subdivision (a) on the departments internet website. | |
| 54 | + | SECTION 1. Section 929.4 is added to the Insurance Code, to read:929.4. By On or before November 1, 2022, and annually thereafter, the commissioner shall do both of the following:(a) Transmit to the Secretary of the Natural Resources Agency a report that makes geographic recommendations for vegetation management projects based on the commissioners analysis of nonrenewal data on policies of residential property insurance and the perceived risks of the industry.(b) Post the report described under subdivision (a) on the departments internet website. | |
| 52 | 55 | ||
| 53 | 56 | SECTION 1. Section 929.4 is added to the Insurance Code, to read: | |
| 54 | 57 | ||
| 55 | 58 | ### SECTION 1. | |
| 56 | 59 | ||
| 57 | - | 929.4. On or before November 1, 2022, and annually thereafter, the commissioner shall do both of the following:(a) Transmit to the Secretary of the Natural Resources Agency a report that makes geographic recommendations for vegetation management projects based on the commissioners analysis of nonrenewal data on policies of residential property insurance and the perceived risks of the industry.(b) Post the report described under subdivision (a) on the departments internet website. | |
| 60 | + | 929.4. By On or before November 1, 2022, and annually thereafter, the commissioner shall do both of the following:(a) Transmit to the Secretary of the Natural Resources Agency a report that makes geographic recommendations for vegetation management projects based on the commissioners analysis of nonrenewal data on policies of residential property insurance and the perceived risks of the industry.(b) Post the report described under subdivision (a) on the departments internet website. | |
| 58 | 61 | ||
| 59 | - | 929.4. On or before November 1, 2022, and annually thereafter, the commissioner shall do both of the following:(a) Transmit to the Secretary of the Natural Resources Agency a report that makes geographic recommendations for vegetation management projects based on the commissioners analysis of nonrenewal data on policies of residential property insurance and the perceived risks of the industry.(b) Post the report described under subdivision (a) on the departments internet website. | |
| 62 | + | 929.4. By On or before November 1, 2022, and annually thereafter, the commissioner shall do both of the following:(a) Transmit to the Secretary of the Natural Resources Agency a report that makes geographic recommendations for vegetation management projects based on the commissioners analysis of nonrenewal data on policies of residential property insurance and the perceived risks of the industry.(b) Post the report described under subdivision (a) on the departments internet website. | |
| 60 | 63 | ||
| 61 | - | 929.4. On or before November 1, 2022, and annually thereafter, the commissioner shall do both of the following:(a) Transmit to the Secretary of the Natural Resources Agency a report that makes geographic recommendations for vegetation management projects based on the commissioners analysis of nonrenewal data on policies of residential property insurance and the perceived risks of the industry.(b) Post the report described under subdivision (a) on the departments internet website. | |
| 64 | + | 929.4. By On or before November 1, 2022, and annually thereafter, the commissioner shall do both of the following:(a) Transmit to the Secretary of the Natural Resources Agency a report that makes geographic recommendations for vegetation management projects based on the commissioners analysis of nonrenewal data on policies of residential property insurance and the perceived risks of the industry.(b) Post the report described under subdivision (a) on the departments internet website. | |
| 62 | 65 | ||
| 63 | 66 | ||
| 64 | 67 | ||
| 65 | - | 929.4. On or before November 1, 2022, and annually thereafter, the commissioner shall do both of the following: | |
| 68 | + | 929.4. By On or before November 1, 2022, and annually thereafter, the commissioner shall do both of the following: | |
| 66 | 69 | ||
| 67 | 70 | (a) Transmit to the Secretary of the Natural Resources Agency a report that makes geographic recommendations for vegetation management projects based on the commissioners analysis of nonrenewal data on policies of residential property insurance and the perceived risks of the industry. | |
| 68 | 71 | ||
| 69 | 72 | (b) Post the report described under subdivision (a) on the departments internet website. | |
| 70 | 73 | ||
| 71 | - | SEC. 2. Section 10100.4 is added to the Insurance Code, to read:10100.4. (a) The facility shall contract with a provider of risk management and modeling services to conduct a study on how concentration risks affect the FAIR Plans policies in high fire risk areas. The study shall focus on areas of the state in which the FAIR Plan does significant business to identify the cities, counties, or regions of the state in which neighborhood character, lack of local firefighting resources, and housing construction, age, location, and materials create the highest risk for loss, increase premium costs, and contribute most to reinsurance costs.(b) On or before December 31, 2022, the facility shall submit the report prepared pursuant to subdivision (a) to the department, the Natural Resources Agency, and the Legislature. the | |
| 74 | + | SEC. 2. Section 10100.4 is added to the Insurance Code, to read:10100.4. (a) The facility shall contract with a provider of risk management and modeling services to conduct a study on how concentration risks affect the FAIR Plans policies in high fire risk areas. The study shall focus on areas of the state in which the FAIR Plan does significant business to identify the cities, counties, or regions of the state in which neighborhood character, lack of local firefighting resources, and housing construction, age, location, and materials create the highest risk for loss, increase premium costs, and contribute most to reinsurance costs.(b) On or before December 31, 2022, the facility shall submit the report prepared pursuant to subdivision (a) to the department, the Natural Resources Agency, and the Legislature. The plan submitted to the Legislature shall be submitted in compliance with Section 9795 of the Government Code.(c) This section shall remain in effect only until January 1, 2026, and as of that date is repealed. | |
| 72 | 75 | ||
| 73 | 76 | SEC. 2. Section 10100.4 is added to the Insurance Code, to read: | |
| 74 | 77 | ||
| 75 | 78 | ### SEC. 2. | |
| 76 | 79 | ||
| 77 | - | 10100.4. (a) The facility shall contract with a provider of risk management and modeling services to conduct a study on how concentration risks affect the FAIR Plans policies in high fire risk areas. The study shall focus on areas of the state in which the FAIR Plan does significant business to identify the cities, counties, or regions of the state in which neighborhood character, lack of local firefighting resources, and housing construction, age, location, and materials create the highest risk for loss, increase premium costs, and contribute most to reinsurance costs.(b) On or before December 31, 2022, the facility shall submit the report prepared pursuant to subdivision (a) to the department, the Natural Resources Agency, and the Legislature. the | |
| 80 | + | 10100.4. (a) The facility shall contract with a provider of risk management and modeling services to conduct a study on how concentration risks affect the FAIR Plans policies in high fire risk areas. The study shall focus on areas of the state in which the FAIR Plan does significant business to identify the cities, counties, or regions of the state in which neighborhood character, lack of local firefighting resources, and housing construction, age, location, and materials create the highest risk for loss, increase premium costs, and contribute most to reinsurance costs.(b) On or before December 31, 2022, the facility shall submit the report prepared pursuant to subdivision (a) to the department, the Natural Resources Agency, and the Legislature. The plan submitted to the Legislature shall be submitted in compliance with Section 9795 of the Government Code.(c) This section shall remain in effect only until January 1, 2026, and as of that date is repealed. | |
| 78 | 81 | ||
| 79 | - | 10100.4. (a) The facility shall contract with a provider of risk management and modeling services to conduct a study on how concentration risks affect the FAIR Plans policies in high fire risk areas. The study shall focus on areas of the state in which the FAIR Plan does significant business to identify the cities, counties, or regions of the state in which neighborhood character, lack of local firefighting resources, and housing construction, age, location, and materials create the highest risk for loss, increase premium costs, and contribute most to reinsurance costs.(b) On or before December 31, 2022, the facility shall submit the report prepared pursuant to subdivision (a) to the department, the Natural Resources Agency, and the Legislature. the | |
| 82 | + | 10100.4. (a) The facility shall contract with a provider of risk management and modeling services to conduct a study on how concentration risks affect the FAIR Plans policies in high fire risk areas. The study shall focus on areas of the state in which the FAIR Plan does significant business to identify the cities, counties, or regions of the state in which neighborhood character, lack of local firefighting resources, and housing construction, age, location, and materials create the highest risk for loss, increase premium costs, and contribute most to reinsurance costs.(b) On or before December 31, 2022, the facility shall submit the report prepared pursuant to subdivision (a) to the department, the Natural Resources Agency, and the Legislature. The plan submitted to the Legislature shall be submitted in compliance with Section 9795 of the Government Code.(c) This section shall remain in effect only until January 1, 2026, and as of that date is repealed. | |
| 80 | 83 | ||
| 81 | - | 10100.4. (a) The facility shall contract with a provider of risk management and modeling services to conduct a study on how concentration risks affect the FAIR Plans policies in high fire risk areas. The study shall focus on areas of the state in which the FAIR Plan does significant business to identify the cities, counties, or regions of the state in which neighborhood character, lack of local firefighting resources, and housing construction, age, location, and materials create the highest risk for loss, increase premium costs, and contribute most to reinsurance costs.(b) On or before December 31, 2022, the facility shall submit the report prepared pursuant to subdivision (a) to the department, the Natural Resources Agency, and the Legislature. the | |
| 84 | + | 10100.4. (a) The facility shall contract with a provider of risk management and modeling services to conduct a study on how concentration risks affect the FAIR Plans policies in high fire risk areas. The study shall focus on areas of the state in which the FAIR Plan does significant business to identify the cities, counties, or regions of the state in which neighborhood character, lack of local firefighting resources, and housing construction, age, location, and materials create the highest risk for loss, increase premium costs, and contribute most to reinsurance costs.(b) On or before December 31, 2022, the facility shall submit the report prepared pursuant to subdivision (a) to the department, the Natural Resources Agency, and the Legislature. The plan submitted to the Legislature shall be submitted in compliance with Section 9795 of the Government Code.(c) This section shall remain in effect only until January 1, 2026, and as of that date is repealed. | |
| 82 | 85 | ||
| 83 | 86 | ||
| 84 | 87 | ||
| 85 | 88 | 10100.4. (a) The facility shall contract with a provider of risk management and modeling services to conduct a study on how concentration risks affect the FAIR Plans policies in high fire risk areas. The study shall focus on areas of the state in which the FAIR Plan does significant business to identify the cities, counties, or regions of the state in which neighborhood character, lack of local firefighting resources, and housing construction, age, location, and materials create the highest risk for loss, increase premium costs, and contribute most to reinsurance costs. | |
| 86 | 89 | ||
| 87 | - | (b) On or before December 31, 2022, the facility shall submit the report prepared pursuant to subdivision (a) to the department, the Natural Resources Agency, and the Legislature. the | |
| 90 | + | (b) On or before December 31, 2022, the facility shall submit the report prepared pursuant to subdivision (a) to the department, the Natural Resources Agency, and the Legislature. The plan submitted to the Legislature shall be submitted in compliance with Section 9795 of the Government Code. | |
| 88 | 91 | ||
| 89 | 92 | (c) This section shall remain in effect only until January 1, 2026, and as of that date is repealed. |