Department of Insurance: housing insurance study.

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

The study will document barriers to insurance coverage, market trends, and factors insurers consider when setting rates or offering policies, including residents' income levels and receipt of housing assistance. Insurers must provide relevant data to the department, with submissions protected as confidential trade secrets exempt from public records requirements.

By December 31, 2026, the department must submit recommendations to legislative insurance committees on policy and budget options to address coverage access and cost issues identified through the study. The provisions establishing this research mandate would expire on January 1, 2027, and implementation depends on legislative appropriation of necessary funds.