state_legiscan_drain · CA
Residential property insurance: loss estimate transparency.
January 6, 2026
Summary
If enacted, this bill would amend California Insurance Code Section 2071 to require residential property insurers to provide policyholders with itemized and transparent loss estimates during the claims process, clarifying how damage assessments and payout amounts are determined. It would affect insurers and consumers in the residential property insurance market, but does not directly regulate mortgage lenders, servicers, or other financial institutions.
AI-generated summary · Sep 6, 2026. Verify with your compliance counsel before acting.
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Source: https://leginfo.legislature.ca.gov/faces/billStatusClient.xhtml?bill_id=202520260SB877
Common questions
- What does "Residential property insurance: loss estimate transparency." cover?
- If enacted, this bill would amend California Insurance Code Section 2071 to require residential property insurers to provide policyholders with itemized…
- When was it published?
- It was published on January 6, 2026.