California AB69 updates FAIR Plan policy notices and renewals to encourage policyholders to secure insurance through normal channels.

California AB69 amends the Insurance Code to update policy notices and renewals for the FAIR Plan, California's insurance program of last resort. The bill requires insurers to inform policyholders annually about the FAIR Plan and encourage them to seek private insurance. It mandates that insurers offer private insurance to FAIR Plan policyholders and their agents or brokers. The bill also establishes a commercial policy clearinghouse program to help reduce the number of FAIR Plan commercial policies and encourages admitted insurers to offer commercial insurance to FAIR Plan policyholders.

California AB69 updates FAIR Plan policy notices and renewals to encourage policyholders to secure insurance through normal channels.

California AB69 amends the Insurance Code to update policy notices and renewals for the FAIR Plan, California's insurance program of last resort. The bill requires insurers to inform policyholders annually about the FAIR Plan and encourage them to seek private insurance. It mandates that insurers offer private insurance to FAIR Plan policyholders and their agents or brokers. The bill also establishes a commercial policy clearinghouse program to help reduce the number of FAIR Plan commercial policies and encourages admitted insurers to offer commercial insurance to FAIR Plan policyholders.