Department of Insurance: housing insurance study.

Assembly Member Mark González's legislation directs the California Department of Insurance to examine insurance coverage challenges facing affordable housing providers that receive state funding. The department must analyze property, liability, and builders' risk insurance availability for these entities through consultation with insurers, housing organizations, and relevant state agencies.

The study requires insurers to provide five years of data on policy types, nonrenewals, cancellations, claims, premiums, and deductibles. The department must evaluate how insurers consider factors like resident income levels and housing assistance when setting rates or offering coverage. All insurer-provided information remains confidential except in aggregate form.

By December 31, 2026, the department must submit a report to the Legislature outlining policy and budget recommendations to address insurance access and cost barriers identified through the study. The provisions establishing this study expire on January 1, 2027, and implementation depends on legislative funding through the state budget or other legislation.