California AB1680 amends the Insurance Code to enhance the California FAIR Plan Association's operations and oversight.

California AB1680 amends the Insurance Code to enhance the California FAIR Plan Association's operations and oversight. The bill requires the association to submit a plan of operation to the commissioner for approval, which must include provisions for reinsurance, participation in the association's writings, expenses, profits, and losses, and administration by a governing committee. The commissioner has the authority to amend the plan, supervise the association, and enforce corrective actions for violations.

California AB1680 amends the Insurance Code to enhance the California FAIR Plan Association's operations and oversight.

California AB1680 amends the Insurance Code to enhance the California FAIR Plan Association's operations and oversight. The bill requires the association to submit a plan of operation to the commissioner for approval, which must include provisions for reinsurance, participation in the association's writings, expenses, profits, and losses, and administration by a governing committee. The commissioner has the authority to amend the plan, supervise the association, and enforce corrective actions for violations.