Bill
AB 234
AB 234 restructures California FAIR Plan Association's governing committee to modify oversight of the insurer-of-last-resort serving hundreds of thousands of uninsurable homeowners.
AB 234 modifies the governance structure of the California FAIR Plan Association, which provides property insurance to homeowners who cannot obtain coverage in the standard market. The bill adjusts how the governing committee is composed and operates, affecting the oversight of this insurer of last resort during California's housing insurance crisis.
The FAIR Plan has become critical infrastructure as major insurers have exited California's market, leaving hundreds of thousands of homeowners underinsured or uninsured. Changes to its governance directly impact how efficiently the plan operates, what rates it charges, and how well it serves Californians unable to get private insurance—particularly important given recent catastrophic wildfires.
Compiled from official sources — confirm details with the bill’s official record.
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