California FAIR Plan Association bill amends the Insurance Code to enhance the association's operations and policyholder protections.

The bill amends the Insurance Code to revise the operations of the California FAIR Plan Association, which provides property insurance when insurers are unwilling to do so. It mandates the association to submit a plan of operation within 30 days of the chapter's effective date. The plan must authorize the association to assume and cede reinsurance on risks written by insurers.

California FAIR Plan Association bill amends the Insurance Code to enhance the association's operations and policyholder protections.

The bill amends the Insurance Code to revise the operations of the California FAIR Plan Association, which provides property insurance when insurers are unwilling to do so. It mandates the association to submit a plan of operation within 30 days of the chapter's effective date. The plan must authorize the association to assume and cede reinsurance on risks written by insurers.