CA | The California Insurance Department has issued a Notice for all Brokers registered with the California FAIR Plan.
Insurance Code section 10090(d) makes it clear that, as the insurer of last resort, the California FAIR Plan (“FAIR Plan”) was created and is responsible for insuring qualified properties for which basic property insurance is unavailable in the normal insurance market. FAIR Plan issued a Bulletin to FAIR Plan brokers, dated November 23, 2021, attached, about the availability of basic property insurance in the normal market. California Insurance Code section 10090(d) requires the FAIR Plan to make available basic property insurance when it cannot be obtained through the normal insurance market. The normal insurance market includes both admitted insurers and licensed surplus line brokers.