Bill Text: CA SB335 | 2015-2016 | Regular Session | Chaptered
Bill Title: Earthquake insurance.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Passed) 2015-07-15 - Chaptered by Secretary of State. Chapter 97, Statutes of 2015. [SB335 Detail]
Download: California-2015-SB335-Chaptered.html
BILL NUMBER: SB 335 CHAPTERED
BILL TEXT
CHAPTER 97
FILED WITH SECRETARY OF STATE JULY 15, 2015
APPROVED BY GOVERNOR JULY 15, 2015
PASSED THE SENATE APRIL 30, 2015
PASSED THE ASSEMBLY JULY 2, 2015
INTRODUCED BY Senator Roth
FEBRUARY 23, 2015
An act to amend Section 10082.5 of the Insurance Code, relating to
earthquake insurance.
LEGISLATIVE COUNSEL'S DIGEST
SB 335, Roth. Earthquake insurance.
Existing law prohibits an insurer who charges an additional
earthquake insurance premium or deductible because a dwelling fails
to meet certain building requirements relating to earthquake bracing
from charging the additional premium or deductible if the dwelling is
brought into compliance with those requirements, as specified.
Existing law requires a copy of the approved inspection record for
the building permit for work performed to bring the dwelling into
compliance to be submitted by the insured to the insurer in order to
verify that the retrofits have been performed.
This bill would require the additional premium or deductible paid
to be refunded to the insured and prorated as of the date the
approved inspection record is received by the insurer. The bill would
also make technical, nonsubstantive changes by deleting obsolete
portions of those provisions.
THE PEOPLE OF THE STATE OF CALIFORNIA DO ENACT AS FOLLOWS:
SECTION 1. Section 10082.5 of the Insurance Code is amended to
read:
10082.5. (a) If an insurer subject to this chapter charges an
additional earthquake insurance premium or deductible because a
dwelling fails to comply with paragraph (1), (2), or (3) and the
dwelling is subsequently brought into compliance with any one of
these paragraphs, then the additional premium or deductible
attributed to noncompliance shall not be charged.
(1) Compliance with Section 19215 of the Health and Safety Code
for the bracing, anchoring, or strapping all water heaters to resist
falling or horizontal displacement due to earthquake motion.
(2) Compliance with the foundation anchor bolt requirements of the
2007 edition of the California Building Standards Code as specified
in Title 24 of the California Code of Regulations, or a successor
edition of that code, or with any local government modifications to
those requirements.
(3) Compliance with the bracing requirements for cripple walls of
the 2007 edition of the California Building Standards Code as
specified in Title 24 of the California Code of Regulations, or a
successor edition of that code, or with any local government
modifications to those requirements.
(b) A copy of the approved inspection record for the building
permit for work performed pursuant to this section shall be submitted
by the insured to the insurer in order to verify that retrofits
performed pursuant to this section have been performed. The
additional premium or deductible paid shall be refunded to the
insured and prorated as of the date the approved inspection record is
received by the insurer.
