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SB 505 California Senate · 2023-2024 Regular Session

Property insurance.

Summary
Under existing law, the California fair access to insurance requirements (FAIR) Plan Association is a joint reinsurance association of state insurers that is established to, among other things, assist persons in securing basic property insurance for qualified property for which insurance cannot be obtained through the normal insurance market. Existing law requires the association to develop and implement a clearinghouse program to help reduce the number of existing FAIR Plan policies and provide the opportunity for admitted insurers to offer homeowners' insurance policies to FAIR Plan policyholders. This bill, on or after July 1, 2024, would require the association to develop and implement a similar clearinghouse program for commercial policies. The bill would require the association to comply with privacy statutes and regulations, as specified, pertaining to the information collected in both of the clearinghouse programs.
Bill status signed all 5 stages cleared
Introduction
Feb 2023
Committee Review
Aug 2023
Senate Passage
May 2023
Assembly Passage
Aug 2023
Signed into Law
Sep 2023
Introduced Feb 14, 2023 Signed Sep 8, 2023
Floor votes · Senate May 8, 2023 · Assembly Aug 24, 2023

How they voted

36–0
Passed · 4 other
Total votes 40
May 8, 2023
D Democratic31
28 Yea 3
90% Yea
R Republican9
8 Yea 1
88% Yea
Vote distribution
All Yea All Nay Mixed No data
Full legislative history

Actions timeline

Total actions
21
Key actions
8
Committee
7
Amendments
1
Sep 8, 2023
Signed into law
Approved by the Governor.
legislature
Aug 24, 2023
Lower · Passed
Read third time. Passed. (Ayes 73. Noes 0. Page 2801.) Ordered to the Senate.
lower
Aug 16, 2023
Lower · Passed
From committee: Do pass. Ordered to consent calendar. (Ayes 15. Noes 0.) (August 16).
lower
Jun 28, 2023
Lower · Passed
From committee: Do pass and re-refer to Com. on APPR. with recommendation: To consent calendar. (Ayes 13. Noes 0.) (June 28). Re-referred to Com. on APPR.
lower
May 18, 2023
Committee
Referred to Com. on INS.
lower
May 8, 2023
Upper · Passed
Read third time. Passed. (Ayes 36. Noes 0. Page 1022.) Ordered to the Assembly.
upper
Apr 24, 2023
Upper · Passed
From committee: Be ordered to second reading pursuant to Senate Rule 28.8.
upper
Apr 12, 2023
Upper · Passed
From committee: Do pass and re-refer to Com. on APPR. (Ayes 7. Noes 0. Page 684.) (April 12). Re-referred to Com. on APPR.
upper
Mar 29, 2023
Committee
Re-referred to Com. on INS.
upper
Mar 20, 2023
Upper · Passed
From committee with author's amendments. Read second time and amended. Re-referred to Com. on RLS.
upper
Feb 22, 2023
Committee
Referred to Com. on RLS.
upper
Feb 14, 2023
Introduced
Introduced. Read first time. To Com. on RLS. for assignment. To print.
upper
0 primary · 0 co-sponsors

Sponsors

No sponsor information available.