Today's Law As Amended


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AB-2342 Insurance: automobile insurance.(2013-2014)



As Amends the Law Today


SECTION 1.

 Section 671 of the Insurance Code is amended to read:

671.
 No An  insurer issuing an automobile collision policy, as defined in Section 660, or a policy for comprehensive coverage for an automobile, as defined in Section 11580.07, shall not  refuse to issue the policy of insurance, or the policy in combination with other coverages, when the refusal is based solely on the age of the automobile to be insured, if the market value of the automobile exceeds two thousand  five hundred thousand  dollars ($2,500). ($5,000). 
This section does not apply to any policy which includes coverage for losses resulting from wear and tear or from normal deterioration of an automobile or its component parts, nor to any policy which provides coverage for an antique or classic automobile.