Statute · California Insurance Code

Cal. Ins. Code § 10090 — Basic Property Insurance Inspection and Placement Plan

Cal. Ins. Code § 10090

Type
Statute
Source
California Insurance Code
Jurisdiction
California
Current through
Nov 2, 2026 (California Legislative Counsel)

The purposes of this chapter are to do all of the following:

Citator

Cal. Ins. Code § 10090 — Basic Property Insurance Inspection and Placement Plan is in force in the current edition of the Code, and nothing recorded condemns it.

The purposes of this chapter are to do all of the following:

(a) To assure stability in the property insurance market for property located in the State of California.

(b) To assure the availability of basic property insurance as defined by this chapter.

(c) To encourage maximum use, in obtaining basic property insurance, of the normal insurance market provided by admitted insurers and licensed surplus line brokers.

(d) To provide for the equitable distribution among admitted insurers of the responsibility for insuring qualified property for which basic property insurance cannot be obtained through the normal insurance market by the establishment of a FAIR Plan (fair access to insurance requirements), an industry placement facility and a joint reinsurance association.