Insurance: California Earthquake Authority.

Existing law authorizes the California Earthquake Authority, administered under the authority of the Insurance Commissioner, to transact basic residential earthquake insurance. Existing law authorizes the governing board of the authority to take certain actions to open the authority to participation by insurers, who have not elected to participate in the authority by contributing the required operating capital, in order to act upon findings and recommendations reported to the Legislature or to implement a specific finding by the commissioner or the board that modification of the requirements for entry into the authority is necessary to broaden the availability of residential property or residential earthquake insurance. Any action by the board, to act upon findings and recommendations reported to the Legislature or to implement a specific finding by the commissioner or the board that modification of requirements for entry into the authority is necessary to broaden the availability of residential property or residential earthquake insurance, is subject to certain limitations, including, but not limited to, a finding of necessity, as specified. All materials and documents prepared or used by the authority to make a finding of necessity, other than proprietary materials and documents owned or licensed by 3rd parties, are considered public documents and are required to be made available to the public. This bill would require the authority to make all nonproprietary materials and documents available in the electronic form in which it holds the information or which has been used by the authority to create copies for its own use or for provision to others. Existing law requires that all materials and documents prepared or used by the authority to determine its rates, other than proprietary materials and documents owned or licensed by 3rd parties, are considered public documents and are required to be made available to the public. This bill would require the authority to make all nonproprietary materials and documents available in the electronic form in which it holds the information or which has been used by the authority to create copies for its own use or for provision to others.