California SB1301 regulates nonrenewals of residential property insurance policies, requiring insurers to provide detailed explanations and.
California SB1301 mandates that insurers provide detailed explanations and opportunities for dispute when nonrenewing residential property insurance policies. Insurers must offer renewal contingent on premium payment at least 45 days before expiration. If nonrenewing, insurers must detail grounds and provide policyholders a 90-day window to dispute or correct information. The California Department of Insurance will publish annual reports on insurer data.
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