Plain English Breakdown
The official source material does not include information on ensuring transparency and accountability, which was removed from the 'what_it_does' section.
California FAIR Plan Association: Data Reporting
This law requires the California FAIR Plan Association to post specific information on its website every quarter.
What This Bill Does
- Requires the association to put certain data on their website each quarter.
- Includes the number of policies issued in each ZIP Code area.
- Lists the risk exposure faced by the association.
Who It Names or Affects
- The California FAIR Plan Association
- People who use the website to find information about insurance coverage
Terms To Know
- California FAIR Plan Association
- A group of insurance companies that work together to provide basic property insurance for people who can't get it from regular channels.
- Risk exposure
- The amount of risk the association faces based on the number and type of insurance policies they have.
Limits and Unknowns
- Does not specify how the data will be used or who can access it.
- Does not provide details about penalties for non-compliance with the new requirements.