Insurance
SB-505 , sponsored by the California Farm Bureau and the California Department of Insurance, passed from the Senate Insurance Committee with unanimous bi-partisan support. Authored by Senator Susan Rubio, SB 505 would instruct the FAIR Plan to include commercial insurance policies in a process called the “clearinghouse” that is limited today to homeowner policies. The bill will help farmers to move homeowner and commercial insurance policies back to the competitive marketplace and stabilize the FAIR Plan. The bill moves next to the Senate Appropriations Committee. Staff: Peter Ansel; pansel@cfbf.com
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