Residential property insurance.

Existing law, as enacted by Proposition 103, which was approved by the voters at the November 8, 1988, statewide general election, prohibits specified insurance rates from being approved or remaining in effect that are excessive, inadequate, unfairly discriminatory, or otherwise in violation of the provisions of the act, and requires an insurer desiring to change an insurance rate to file a complete rate application with the Insurance Commissioner. 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 23 vote. This bill would state the intent of the Legislature to enact legislation that would require an insurer, in setting rates and issuing residential property insurance, to take into consideration measures implemented by local governments and communities to coordinate and bolster wildfire prevention and response programs.