Bill Text: CA AB2416 | 2023-2024 | Regular Session | Amended
Bill Title: Residential property insurance: wildfire risk.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Engrossed) 2024-08-31 - Ordered to inactive file at the request of Senator Gonzalez. [AB2416 Detail]
Download: California-2023-AB2416-Amended.html
Amended
IN
Assembly
April 10, 2024 |
Amended
IN
Assembly
March 21, 2024 |
Introduced by Assembly Member Connolly |
February 13, 2024 |
LEGISLATIVE COUNSEL'S DIGEST
Existing law, as enacted in the Insurance Rate Reduction and Reform Act of 1988, approved by the voters as Proposition 103 at the November 8, 1988, statewide general election, prohibits specified insurance rates from being approved or remaining in effect if they are excessive, inadequate, unfairly discriminatory, or otherwise in violation of the act. The act requires an insurer that desires to change any
rate to file a complete rate application with the commissioner that includes specified data. Existing law authorizes the provisions of Proposition 103 to be amended by a statute that furthers the purposes of the act and is enacted by the Legislature with a
Digest Key
Vote:Bill Text
The people of the State of California do enact as follows:
SECTION 1.
Article 5 (commencing with Section 2095) is added to Chapter 2 of Part 1 of Division 2 of the Insurance Code, to read:Article 5. Reduced Wildfire Risk
2095.
The Legislature finds and declares all of the following:(1)
(A)
(B)
(C)
(2)Noncombustible construction materials, as defined by the California Building Standards Code, provide the highest level of fire safety among materials identified on the Building Materials Listing because they do not ignite, even when exposed to high temperatures for extended periods of time. Use of noncombustible construction materials is an effective means of reducing fire-related property damage and the contribution of structures to the spread of wildfires.
2096.
For purposes of this article:(1)“Building being evaluated” has the same meaning as set forth in Section 2644.9 of Title 10 of the California Code of Regulations.
(2)
(3)
(4)
As part of its Safer from Wildfire regulations, the department shall require an admitted insurer that offers residential property insurance in the state to use a rating plan that reflects, and the rate offered to an applicant or insured to be based in part on, the building being evaluated’s reduced wildfire risk resulting from the installation or use of a noncombustible construction material approved by the Office of the State Fire Marshal and included on the Building Materials Listing in any of the following categories:
(a)Insulation (SFM Listing Category 2440).
(b)Exterior Wall Siding and Sheathing for Wildland Urban Interface (SFM Listing Category 8140).
(c)Non-Wood Roof Covering/Assemblies for Wildland Urban Interface (SFM Listing Category 8180).