Josh Becker
- Democratic
- Senator
- District 13
Author
Existing law creates the Department of Insurance and prescribes the department's powers and duties. Existing law generally regulates the business of insurance in the state, including the underwriting and ongoing monitoring of insured risks. Existing law generally requires an insurer or insurance producer to have underwriting guidelines that establish the criteria and process under which an insurer makes its decision to provide or to deny coverage. If a property insurer uses risk models for underwriting purposes, this bill would authorize the models to account for wildfire risk reduction associated with hazardous fuel reduction, home hardening, defensible space, and fire prevention activities. The bill would require an insurer using risk models for underwriting purposes, as specified, beginning January 15, 2026, and on or before each January 15 thereafter, to report to the department the extent to which models used for underwriting purposes account for specified categories of risk mitigation, and other specified information. The bill would require the department to post the information contained in the report, excluding any confidential or proprietary information, on its internet website. The bill would make related findings and declarations and would state the intent of the Legislature to do specified actions, including ensuring that actions taken to reduce wildfire risks and associated property losses are considered by property insurers in their underwriting evaluations by requiring that any models used for underwriting account for the identified categories of risk mitigation.
June 26 set for first hearing canceled at the request of author.
From committee with author's amendments. Read second time and amended. Re-referred to Com. on INS.
In Assembly. Read first time. Held at Desk.
Read third time. Passed. (Ayes 29. Noes 8. Page 4142.) Ordered to the Assembly.
Read second time. Ordered to third reading.
Read second time and amended. Ordered to second reading.
From committee: Do pass as amended. (Ayes 5. Noes 2. Page 3969.) (May 16).
Set for hearing May 16.
May 13 hearing: Placed on APPR suspense file.
Set for hearing May 13.
Read second time and amended. Re-referred to Com. on APPR.
From committee: Do pass as amended and re-refer to Com. on APPR. (Ayes 4. Noes 2. Page 3757.) (April 24).
From committee with author's amendments. Read second time and amended. Re-referred to Com. on INS.
Set for hearing April 24.
From committee with author's amendments. Read second time and amended. Re-referred to Com. on INS.
From committee with author's amendments. Read second time and amended. Re-referred to Com. on RLS.
From printer. May be acted upon on or after March 10.
Introduced. Read first time. To Com. on RLS. for assignment. To print.
| Bill Text Versions | Format |
|---|---|
| SB1060 | HTML |
| 02/08/24 - Introduced | |
| 03/12/24 - Amended Senate | |
| 04/04/24 - Amended Senate | |
| 04/17/24 - Amended Senate | |
| 04/29/24 - Amended Senate | |
| 05/16/24 - Amended Senate | |
| 06/18/24 - Amended Assembly |
| Document | Format |
|---|---|
| 04/22/24- Senate Insurance | |
| 05/10/24- Senate Appropriations | |
| 05/16/24- Senate Appropriations | |
| 05/20/24- Sen. Floor Analyses | |
| 06/25/24- Assembly Insurance |
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