Bill to tighten FAIR Plan accountability would force corrective actions after DOI findings
AB 16 80 would require the FAIR Plan to comply with Department of Insurance examination findings, hire staff, and strengthen clearinghouse functions. The Department described systemic operational and governance gaps; the committee placed the bill on call.
The full story
Assemblymember Calderon described AB 16 80 as a measure to strengthen FAIR Plan accountability after the Department of Insurance’s recent report of examination, which the department said found widespread operational and governance shortfalls.
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