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The California FAIR Plan is an fire insurance program backed by the state of California that is used by property owners who cannot find private market insurance coverage. [1] [2] [3] The FAIR Plan was established in 1968 by a statute of the California Insurance Code, and is regulated by the office of the California Insurance Commissioner.
The California FAIR Plan is an insurance program of last resort for homeowners in high-risk areas of the Golden State who are unable to obtain fire coverage in the private insurance market.
As a result, many homeowners were forced to obtain coverage from the state’s insurer of last resort, the California Fair Access to Insurance Requirements (CA FAIR) Plan, which covered 1,430 ...
Its budget is primarily derived from funds generated by license fees, assessments, and Proposition 103 recoupment fees. The CDI licenses over 1,500 insurance companies and more than 320,000 insurance agents and insurance brokers in the state of California, United States. The current California Insurance Commissioner is Ricardo Lara.
Consider state insurance plans: Many states offer last-resort insurance options for homeowners unable to obtain traditional coverage. In California, the FAIR Plan provides basic fire insurance for ...
Equalization, Board of (BOE) Exposition & State Fair, California (CAL EXPO) Fair Political Practices Commission (FPPC) Film Commission, California (CFC) Finance, Department of (DOF) Financial Protection and Innovation, California Department of (DBO) Financing Coordinating Committee, California; Fire Marshal, Office of the State; First 5 ...
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