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AB-483 Fire insurance.(2019-2020)

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Date Published: 02/12/2019 09:00 PM
AB483:v99#DOCUMENT


CALIFORNIA LEGISLATURE— 2019–2020 REGULAR SESSION

Assembly Bill
No. 483


Introduced by Assembly Member Mayes

February 12, 2019


An act to amend Section 2070 of the Insurance Code, relating to insurance.


LEGISLATIVE COUNSEL'S DIGEST


AB 483, as introduced, Mayes. Fire insurance.
Existing law generally regulates classes of insurance, including fire insurance. Existing law prescribes the standard form for this issuance of fire insurance policies covering property. Existing law requires that all fire insurance policies in California be on the standard form, with no additions to or omissions from that form, except as provided.
This bill would make technical, nonsubstantive changes to that provision.
Vote: MAJORITY   Appropriation: NO   Fiscal Committee: NO   Local Program: NO  

The people of the State of California do enact as follows:


SECTION 1.

 Section 2070 of the Insurance Code is amended to read:

2070.
 All fire policies on subject matter in California shall be on the standard form, form and, except as provided by this article article, shall not contain additions thereto. No to the form. A part of the standard form shall not be omitted therefrom except that any omitted from the policy. However, a policy providing coverage against the peril of fire only, or in combination with coverage against other perils, need not is not required to comply with the provisions of the standard form of fire insurance policy or Section 2080; provided, that 2080 if the coverage with respect to the peril of fire, when viewed in its entirety, is substantially equivalent to to, or more favorable to the insured than than, that contained in such the standard form fire insurance policy.