California SB1403 prohibits insurers from refusing to issue automobile collision or comprehensive coverage policies based solely on the age of the.

California SB1403 amends the Insurance Code to ensure insurers cannot deny coverage for automobile collision or comprehensive policies based solely on the vehicle's age if its market value exceeds $2,500. This provision does not apply to policies covering wear and tear, normal deterioration, or antique or classic automobiles. The bill also modifies the Unemployment Insurance Code to clarify the conditions under which certain sales activities are exempt from employee classification.

California SB1403 prohibits insurers from refusing to issue automobile collision or comprehensive coverage policies based solely on the age of the.

California SB1403 amends the Insurance Code to ensure insurers cannot deny coverage for automobile collision or comprehensive policies based solely on the vehicle's age if its market value exceeds $2,500. This provision does not apply to policies covering wear and tear, normal deterioration, or antique or classic automobiles. The bill also modifies the Unemployment Insurance Code to clarify the conditions under which certain sales activities are exempt from employee classification.