California AB234 amends the Insurance Code to establish a governing committee for the California FAIR Plan Association.

California AB234 amends the Insurance Code to revise the governing committee for the California FAIR Plan Association. The committee will consist of nine insurers elected annually, with nonvoting members appointed by the Governor, including representatives of insurance agents, brokers, surplus line brokers, and the public. The Speaker of the Assembly and the Chairperson of the Senate Committee on Rules will serve as nonvoting, ex officio members. The committee can establish separate classifications of written premiums for equitable distribution, excluding certain risks.

California AB234 amends the Insurance Code to establish a governing committee for the California FAIR Plan Association.

California AB234 amends the Insurance Code to revise the governing committee for the California FAIR Plan Association. The committee will consist of nine insurers elected annually, with nonvoting members appointed by the Governor, including representatives of insurance agents, brokers, surplus line brokers, and the public. The Speaker of the Assembly and the Chairperson of the Senate Committee on Rules will serve as nonvoting, ex officio members. The committee can establish separate classifications of written premiums for equitable distribution, excluding certain risks.