Marc Levine
- Democratic
Author
Existing law requires a named insured on a residential property insurance policy be provided with a copy of the California Residential Property Insurance Disclosure which sets forth a description of certain types of insurance coverage, such as actual cash value coverage and guaranteed replacement cost coverage, as specified. Existing law also requires every California Residential Property Insurance Disclosure be accompanied by a California Residential Property Insurance Bill of Rights. This bill would require an insurer that provides replacement cost coverage to provide, on an every other year basis, at the time an offer to renew a policy of residential property insurance is made to the policyholder, an estimate of the cost necessary to rebuild or replace the insured structure that complies with specified existing regulations. The bill would exempt an insurer from this requirement if either the policyholder has requested, within the 2 years prior to the offer to renew the policy, and the insurer has provided, coverage limits greater than the previous limits that the policyholder had selected, or if the insurer has made specified offers to the policyholder. The bill would state its provisions are not intended to change existing law with respect to the duty of a policyholder or applicant to select the coverage limits for a policy of residential property insurance. The bill's provisions would become operative July 1, 2019.
Approved by the Governor.
Chaptered by Secretary of State - Chapter 205, Statutes of 2018.
Enrolled and presented to the Governor at 4 p.m.
Senate amendments concurred in. To Engrossing and Enrolling. (Ayes 77. Noes 0. Page 6202.).
In Assembly. Concurrence in Senate amendments pending. May be considered on or after August 3 pursuant to Assembly Rule 77.
Read third time. Passed. Ordered to the Assembly. (Ayes 35. Noes 0. Page 5103.).
Read second time and amended. Ordered to third reading.
From committee: Amend, and do pass as amended. (Ayes 11. Noes 0.) (June 13).
In Senate. Read first time. To Com. on RLS. for assignment.
Read third time. Passed. Ordered to the Senate. (Ayes 77. Noes 0. Page 5160.)
Read second time. Ordered to third reading.
Read second time and amended. Ordered returned to second reading.
From committee: Amend, and do pass as amended. (Ayes 13. Noes 0.) (May 2).
From committee chair, with author's amendments: Amend, and re-refer to Com. on INS. Read second time and amended.
From printer. May be heard in committee February 9.
Read first time. To print.
| Bill Text Versions | Format |
|---|---|
| AB1797 | HTML |
| 01/09/18 - Introduced | |
| 04/26/18 - Amended Assembly | |
| 05/07/18 - Amended Assembly | |
| 06/19/18 - Amended Senate | |
| 08/10/18 - Enrolled | |
| 08/27/18 - Chaptered |
| Document | Format |
|---|---|
| No related documents. |
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