Commercial property insurance cancellation and nonrenewal.
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What it does
Official summary
Existing law generally regulates classes of insurance, including commercial property insurance. Existing law prohibits an insurer from canceling or refusing to renew a policy of residential property insurance for a property located in a ZIP Code within or adjacent to the fire perimeter for one year after the declaration of a state of emergency, if the cancellation or nonrenewal is based solely on the fact that the insured structure is located in an area in which a wildfire has occurred, except as specified.
More detail
This bill would extend that prohibition against cancellation or nonrenewal and its exceptions to a policy of commercial property insurance, except as specified.
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Where do you stand?
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Tell your reps
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More on this bill
Where it stands
Introduced
Passed Senate
Passed Assembly
To Governor
Became Law
Looking ahead
No hearings or votes scheduled.
History
2025
Oct 10Chaptered by Secretary of State. Chapter 544, Statutes of 2025.Latest