California AB1339 mandates a study on insurance coverage for affordable housing entities.

California AB1339 requires the Department of Insurance to conduct a study on property, liability, and builders' risk insurance coverages for affordable housing entities. The study aims to analyze trends affecting these entities, particularly in urban, suburban, and rural communities. The Department of Insurance will collect data from insurers and analyze barriers to insurance availability and affordability. The study will culminate in a report to the Legislature, recommending policy and budget options to address insurance challenges. The chapter will remain in effect until January 1, 2031.

California AB1339 mandates a study on insurance coverage for affordable housing entities.

California AB1339 requires the Department of Insurance to conduct a study on property, liability, and builders' risk insurance coverages for affordable housing entities. The study aims to analyze trends affecting these entities, particularly in urban, suburban, and rural communities. The Department of Insurance will collect data from insurers and analyze barriers to insurance availability and affordability. The study will culminate in a report to the Legislature, recommending policy and budget options to address insurance challenges. The chapter will remain in effect until January 1, 2031.