Low-cost automobile insurance program.

Existing law establishes, within the California Automobile Assigned Risk Plan, a low-cost automobile insurance program for all counties in California. Existing law, until January 1, 2025, requires the California Automobile Assigned Risk Plan to report to the Insurance Commissioner on an annual basis on the status of the program and, on or before March 15 of each year, requires the commissioner to prepare and propose a plan in a report to the Legislature setting forth the commissioner's methods to inform households eligible for the program about the availability of low-cost automobile insurance. Existing law, on or before March 15 of each year, requires the commissioner to submit a combined report to the Legislature. This bill would, instead, require the commissioner to submit the combined report to the Legislature on or before March 15, 2024, and on or before March 15 every 5 years thereafter. The bill would, instead, require the commissioner to submit the annual report on the methods to inform households eligible for the program to the Legislature on or before March 15, 2024, March 15, 2025, and March 15, 2026, and every 5 years thereafter. The bill would require this annual report to be posted on specified internet websites beginning with the report due on or before March 15, 2024. The bill would remove the January 1, 2025, sunset date, thereby extending the operation of the California Automobile Assigned Risk Plan indefinitely, and would make conforming changes.