Bill Text: CA AB2342 | 2013-2014 | Regular Session | Introduced

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Bill Title: Insurance: automobile insurance.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2014-03-10 - Referred to Com. on INS. [AB2342 Detail]

Download: California-2013-AB2342-Introduced.html

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BILL NUMBER: AB 2342	INTRODUCED
	BILL TEXT


INTRODUCED BY   Assembly Member Dababneh

                        FEBRUARY 21, 2014

   An act to amend Section 671 of the Insurance Code, relating to
insurance.



	LEGISLATIVE COUNSEL'S DIGEST


   AB 2342, as introduced, Dababneh. Insurance: automobile insurance.

   Under existing law, an insurer that issues an automobile collision
policy or a policy for comprehensive coverage for an automobile is
prohibited from refusing to issue the policy of insurance, or the
policy in combination with other coverages, when the refusal is based
solely on the age of the automobile to be insured, if the market
value of that automobile exceeds $2,500.
   This bill would increase that market value threshold to $5,000.
   Vote: majority. Appropriation: no. Fiscal committee: no.
State-mandated local program: no.


THE PEOPLE OF THE STATE OF CALIFORNIA DO ENACT AS FOLLOWS:

  SECTION 1.  Section 671 of the Insurance Code is amended to read:
   671.   No   An  insurer issuing an
automobile collision policy, as defined in Section 660, or a policy
for comprehensive coverage for an automobile, as defined in Section
11580.07, shall  not  refuse to issue the policy of
insurance, or the policy in combination with other coverages, when
the refusal is based solely on the age of the automobile to be
insured, if the market value of the automobile exceeds  two
thousand five hundred dollars ($2,500)   five thousand
dollars ($5,000)  .
   This section does not apply to any policy which includes coverage
for losses resulting from wear and tear or from normal deterioration
of an automobile or its component parts, nor to any policy which
provides coverage for an antique or classic automobile.