On Sep. 9, CAL LEG passed bill on automobile insurance cancellation.
CAL LEG passed bill SB 1295 on notices of cancellation for automobile insurance.
Amends CAL LEG 1-1-10-662 relating to cancellation or failure to renew insurance.
Bill Provisions
Requires that 10-day notice period for nonpayment commence after nonpayment of premium due by specified due date and make cancellation for nonpayment effective.
If insured has not cured nonpayment of premium due identified by end of the 10 days.
Legislative History
On Feb. 15, 2024, bill sent to Senate; on May 20, 2024, bill passed in Senate.
On May 21, 2024, bill sent to Assembly; on Aug. 29, 2024, bill passed in Assembly.
On Sep. 9, 2024, bill was enrolled and presented to governor for signature or veto.
Effectiveness
No effective date specified; generally effective Jan. 1 after enactment, on Jan. 1, 2025.
Sep. 2024 CAL LEG Governor Approval
On Sep. 27, 2024, CAL LEG reported bill approval by governor, became Chapter 793.
Regulators
CAL LEG
Entity Types
Ins
Reference
Ch. 793, 9/27/2024; Bill, SB1295, 9/09/2024; Citation: CAL LEG 1-1-10-662;
