Bill
AB 226
AB 226 restructures California's FAIR Plan insurance association to modify governance, assessments, and operations for the state's last-resort property insurer serving uninsurable homeowners.
AB 226 restructures California's FAIR Plan Association, which provides last-resort property insurance to residents who cannot obtain coverage in the private market. The bill modifies governance, assessment mechanisms, and operational procedures for this state-mandated insurer of last resort that has grown substantially due to insurance market challenges.
California's FAIR Plan has become increasingly critical as major insurers have exited the state, leaving hundreds of thousands of homeowners dependent on this backstop coverage. Changes to how the FAIR Plan operates directly affect insurance costs, availability, and the financial stability of the system that serves vulnerable populations unable to access traditional insurance markets.
Compiled from official sources — confirm details with the bill’s official record.
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