CaliforniaResidential property insurance: loss estimate transparency.
What it does
Existing law generally regulates classes of insurance, including residential property insurance. Existing law prohibits a policy of residential property insurance from being issued or renewed by an insurer unless the named insured is provided a copy of specified information, including the California Residential Insurance Disclosure. Under existing law, the California Standard Form Fire Insurance Policy requires an insured to notify every claimant that they can request copies of claim-related documents, as defined to include all valuation, measurement, and loss adjustment calculations of the amount of loss, covered damage, and cost of repairs, that the insurer is required to provide within 15 calendar days of the request.
More detail
Under existing law, it is a misdemeanor to issue or countersign a fire policy that varies from the standard form fire insurance policy.
This bill would modify the definition of claim-related documents for purposes of the above-described provisions to include all valuation, measurement, and loss adjustment calculations, whether preliminary or final, that relate to the amount of loss, covered damage, and cost of repairs. Because the bill would make changes to the standard form for fire insurance, the bill would expand the scope of an existing crime and impose a state-mandated local program.
The California Constitution requires the state to reimburse local agencies and school districts for certain costs mandated by the state. Statutory provisions establish procedures for making that reimbursement.
This bill would provide that no reimbursement is required by this act for a specified reason.
This bill would incorporate additional changes to Section 2071 of the Insurance Code proposed by SB 876 to be operative only if this bill and SB 876 are enacted and this bill is enacted last.
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Where it stands
- Introduced
- Passed Senate
- Passed Assembly
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2026
- Sep 27In Senate. Consideration of Governor's veto pending.Latest
- Sep 27Vetoed by the Governor Gavin Newsom.Major
- Sep 9Enrolled and presented to the Governor at 2 p.m.To Governor
- Aug 31Assembly amendments concurred in. (Ayes 39. Noes 0.) Ordered to engrossing and enrolling.Major
- Vote recorded Unfinished Business SB877 Pérez et al. Concurrence. Result: pass.Upper
- Vote recorded SB 877 Pérez Senate Third Reading By Harabedian. Result: pass.Lower
- Aug 30In Senate. Concurrence in Assembly amendments pending.
- Aug 30Read third time. Passed. (Ayes 78. Noes 0. Page 6941.) Ordered to the Senate.Passed Assembly
- Aug 21Ordered to third reading.Minor
- Aug 21Read third time and amended.Major
- Aug 21Assembly Rule 69(b)(1) suspended. (Ayes 55. Noes 17. Page 6296.)
- Aug 13Read second time. Ordered to third reading.Minor
- Vote recorded Do pass. Result: pass.Lower
- Aug 13From committee: Do pass. (Ayes 15. Noes 0.) (August 13).Minor
- Aug 13Assembly Rule 63 suspended.
- Aug 5August 5 set for first hearing. Placed on suspense file.
- Jun 17From committee: Do pass and re-refer to Com. on APPR. (Ayes 16. Noes 0.) (June 17). Re-referred to Com. on APPR.Minor
- Vote recorded Do pass and be re-referred to the Committee on [Appropriations]. Result: pass.Lower
- Jun 10From committee with author's amendments. Read second time and amended. Re-referred to Com. on INS.Major
- May 26Referred to Com. on INS.Minor
- May 20In Assembly. Read first time. Held at Desk.Minor
- Vote recorded 3rd Reading SB877 Pérez et al. Result: pass.Upper
- May 20Read third time. Passed. (Ayes 35. Noes 0. Page 4372.) Ordered to the Assembly.Passed Senate
- May 14Read second time. Ordered to third reading.Minor
- Vote recorded Do pass. Result: pass.Upper
- May 14From committee: Do pass. (Ayes 7. Noes 0. Page 4255.) (May 14).Minor
- May 12Set for hearing May 14.
- May 11May 11 hearing: Placed on APPR. suspense file.
- Vote recorded Placed on suspense file. Result: pass.Upper
- May 4Set for hearing May 11.
- Apr 27Read second time and amended. Re-referred to Com. on APPR.Major
- Apr 23From committee: Do pass as amended and re-refer to Com. on APPR. (Ayes 6. Noes 0. Page 4011.) (April 22).Major
- Apr 22
- Vote recorded Do pass as amended, but first amend, and re-refer to the Committee on [Appropriations]. Result: pass.Upper
- Apr 10Set for hearing April 22.
- Feb 11Referred to Com. on INS.Minor
- Jan 7From printer. May be acted upon on or after February 6.
- Jan 6Introduced. Read first time. To Com. on RLS. for assignment. To print.Introduced