CaliforniaDepartment of Insurance: housing insurance study.
What it does
Existing law creates the Department of Insurance, headed by the Insurance Commissioner, and prescribes the department's powers and duties. Existing law generally regulates classes of insurance.
More detail
This bill would require the department, upon appropriation and in consultation with specified entities and affordable housing entities, to conduct a study of the property, liability, and builders' risk insurance coverages available to affordable housing entities, as defined, that receive a grant, loan, or tax credit awarded by the Department of Housing and Community Development or the California Tax Credit Allocation Committee. The bill would require an insurer to provide necessary information requested by the commissioner for the study. The bill would require the department, in conducting the study, to, among other things, (1) collect information from relevant entities, (2) identify barriers to keeping the affordable housing entities appropriately insured, and (3) analyze and request any other relevant information that may help the department analyze the availability of property, liability, and builders' risk insurance coverage for specified affordable housing entities. The bill would also require the department to analyze how, if at all, insurers consider specified determinations of offers or rate setting, including the level or source of income of an individual or group of individuals residing or intending to reside upon the property to be insured. The bill would require the department to submit a report on the study to the Senate Committee on Insurance and the Assembly Committee on Insurance within one year of the above-described appropriation. The bill would require that report to make recommendations on potential policy and budget options to address insurance coverage cost and access challenges for specified affordable housing entities as identified in the study. The bill would repeal these provisions as of January 1, 2031.
The bill would also make related findings and declarations.
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Where it stands
- Introduced
- Passed Assembly
- Passed Senate
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2025
- Oct 13Chaptered by Secretary of State - Chapter 728, Statutes of 2025.Latest
- Oct 13Approved by the Governor Gavin Newsom.Became Law
- Sep 15Enrolled and presented to the Governor at 4:30 p.m.To Governor
- Sep 4Senate amendments concurred in. To Engrossing and Enrolling. (Ayes 78. Noes 0. Page 2925.).Major
- Vote recorded AB 1339 Mark González Concurrence in Senate Amendments. Result: pass.Lower
- Sep 3In Assembly. Concurrence in Senate amendments pending.
- Vote recorded 3rd Reading AB1339 Mark González et al. By Smallwood-Cuevas. Result: pass.Upper
- Sep 3Read third time. Passed. Ordered to the Assembly. (Ayes 40. Noes 0. Page 2447.).Passed Senate
- Aug 20Read second time. Ordered to third reading.Minor
- Aug 19From committee: Do pass. (Ayes 7. Noes 0.) (August 18).Minor
- Aug 18
- Vote recorded Do pass. Result: pass.Upper
- Jul 10From committee: Do pass and re-refer to Com. on APPR. with recommendation: To Consent Calendar. (Ayes 7. Noes 0.) (July 9). Re-referred to Com. on APPR.Minor
- Jul 9
- Vote recorded Do pass, but first be re-referred to the Committee on [Appropriations] with the recommendation: To Consent Calendar. Result: pass.Upper
- Jul 2From committee chair, with author's amendments: Amend, and re-refer to committee. Read second time, amended, and re-referred to Com. on INS.Major
- Jun 18Referred to Com. on INS.Minor
- Jun 4In Senate. Read first time. To Com. on RLS. for assignment.Minor
- Jun 3Read third time. Passed. Ordered to the Senate. (Ayes 79. Noes 0. Page 1994.)Passed Assembly
- Vote recorded AB 1339 Mark González Assembly Third Reading. Result: pass.Lower
- May 27Read second time. Ordered to third reading.Minor
- May 23From committee: Do pass. (Ayes 14. Noes 0.) (May 23).Minor
- Vote recorded Do pass. Result: pass.Lower
- May 14In committee: Set, first hearing. Referred to APPR. suspense file.Minor
- May 5Re-referred to Com. on APPR.Minor
- May 1Read second time and amended.Major
- Apr 30From committee: Amend, and do pass as amended and re-refer to Com. on APPR. (Ayes 16. Noes 0.) (April 30).Major
- Vote recorded Do pass as amended and be re-referred to the Committee on [Appropriations]. Result: pass.Lower
- Mar 13Referred to Com. on INS.Minor
- Feb 24Read first time.Minor
- Feb 22From printer. May be heard in committee March 24.
- Feb 21Introduced. To print.Introduced