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CaliforniaAB 2262025-2026 Regular SessionHouseWALLET

California FAIR Plan Association.

Sponsored By: David Alvarez (Democratic), Lisa Calderon (Democratic)

Signed by Governor

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Bill Overview

Analyzed Economic Effects

4 provisions identified: 3 benefits, 1 costs, 0 mixed.

New financing for California FAIR Plan

The state’s I‑Bank can issue bonds, loans, or credit lines for the California FAIR Plan. Money can pay claims and boost cash so the Plan can handle disasters. With approval from the Insurance Commissioner, the Plan can pledge premiums, receivables, assessments, and other assets as collateral. The Commissioner must approve requests and amounts before any financing happens.

Possible assessments on FAIR Plan members

If the FAIR Plan cannot make payments on approved bonds, loans, or credit lines, it must assess its members enough to pay on time. The Insurance Commissioner must review and approve these assessments before they are charged.

Streamlined oversight for FAIR Plan financing

The Insurance Commissioner keeps control over insurance matters. The I‑Bank handles financing and can enforce loan agreements but does not regulate insurance. Certain government code rules do not apply to these I‑Bank financings. While any related bond, loan, or credit line is outstanding, the FAIR Plan is exempt from two Insurance Code articles.

Stronger investor protections, no state backing

Bonds for the FAIR Plan are not state debt. They are paid only from pledged FAIR Plan revenues and assets. Once the Insurance Commissioner approves repayment terms, the Plan cannot change them to delay or reduce payment. A statutory lien automatically attaches to the collateral and is enforceable without extra filings.

Sponsors & Cosponsors

Sponsors

  • David Alvarez

    Democratic • House

  • Lisa Calderon

    Democratic • House

Cosponsors

  • Dawn Addis

    Democratic • House

  • Marc Berman

    Democratic • House

  • Isaac Bryan

    Democratic • House

  • Damon Connolly

    Democratic • House

  • Sade Elhawary

    Democratic • House

  • John Harabedian

    Democratic • House

  • Jacqui Irwin

    Democratic • House

  • Liz Ortega

    Democratic • House

  • Gail Pellerin

    Democratic • House

  • Rhodesia Ransom

    Democratic • House

  • Pilar Schiavo

    Democratic • House

  • Nick Schultz

    Democratic • House

  • LaShae Sharp-Collins

    Democratic • House

  • Catherine Stefani

    Democratic • House

  • Tony Strickland

    Republican • Senate

  • Rick Chavez Zbur

    Democratic • House

Roll Call Votes

All Roll Calls

Yes: 244 • No: 0

Senate vote • 9/13/2025

Item 38 — Senate SFLOOR

Yes: 37 • No: 0

House vote • 9/13/2025

Item 1000 — Assembly AFLOOR

Yes: 74 • No: 0

legislature vote • 8/29/2025

Vote in CS61

Yes: 7 • No: 0

legislature vote • 8/18/2025

Vote in CS61

Yes: 7 • No: 0

legislature vote • 6/25/2025

Vote in CS70

Yes: 7 • No: 0

legislature vote • 6/9/2025

Vote in CS42

Yes: 8 • No: 0

House vote • 4/1/2025

Item 6 — Assembly AFLOOR

Yes: 77 • No: 0

legislature vote • 3/19/2025

Vote in CX25

Yes: 15 • No: 0

legislature vote • 3/5/2025

Vote in CX28

Yes: 12 • No: 0

Actions Timeline

  1. Chaptered by Secretary of State - Chapter 473, Statutes of 2025.

    10/9/2025Senate

  2. Approved by the Governor.

    10/9/2025legislature

  3. Enrolled and presented to the Governor at 3 p.m.

    9/24/2025legislature

  4. Enrolled measure version corrected.

    9/18/2025House

  5. Enrolled measure version corrected.

    9/17/2025House

  6. Senate amendments concurred in. To Engrossing and Enrolling. (Ayes 74. Noes 0. Page 3494.).

    9/13/2025House

  7. Assembly Rule 63 suspended. (Page 3484.)

    9/13/2025House

  8. Joint Rules 61(a)(14) and 51(a)(4) suspended. (Ayes 59. Noes 20. Page 3413.)

    9/13/2025House

  9. In Assembly. Concurrence in Senate amendments pending.

    9/13/2025House

  10. Read third time. Urgency clause adopted. Passed. Ordered to the Assembly. (Ayes 37. Noes 0. Page 3047.).

    9/13/2025Senate

  11. Ordered to third reading.

    9/3/2025Senate

  12. From special consent calendar.

    9/3/2025Senate

  13. Ordered to special consent calendar.

    9/2/2025Senate

  14. Read second time. Ordered to third reading.

    8/29/2025Senate

  15. From committee: Do pass. (Ayes 7. Noes 0.) (August 29).

    8/29/2025Senate

  16. In committee: Referred to suspense file.

    8/18/2025Senate

  17. In committee: Hearing postponed by committee.

    7/9/2025Senate

  18. From committee: Do pass and re-refer to Com. on APPR. with recommendation: To Consent Calendar. (Ayes 7. Noes 0.) (June 25). Re-referred to Com. on APPR.

    6/25/2025Senate

  19. From committee chair, with author's amendments: Amend, and re-refer to committee. Read second time, amended, and re-referred to Com. on INS.

    6/16/2025Senate

  20. From committee: Do pass and re-refer to Com. on INS. (Ayes 8. Noes 0.) (June 9). Re-referred to Com. on INS.

    6/9/2025Senate

  21. From committee chair, with author's amendments: Amend, and re-refer to committee. Read second time, amended, and re-referred to Com. on B. P. & E.D.

    5/29/2025Senate

  22. Referred to Coms. on B. P. & E.D. and INS.

    5/7/2025Senate

  23. In Senate. Read first time. To Com. on RLS. for assignment.

    4/2/2025Senate

  24. Read third time. Urgency clause adopted. Passed. Ordered to the Senate. (Ayes 77. Noes 0. Page 951.).

    4/1/2025House

  25. Read second time. Ordered to third reading.

    3/20/2025House

Bill Text

  • Chaptered

    10/9/2025

    HTML

  • Enrolled

    9/16/2025

    HTML

  • Amended Senate

    6/16/2025

    HTML

  • Amended Senate

    5/29/2025

    HTML

  • Introduced

    1/9/2025

    HTML

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