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California Modifies Residential Property Insurance Disclosure Requirement

Oct. 1, 2015 AAIS Advisory notice

A new law in California modifies disclosure requirements for residential property policies.

The act requires that the mandatory disclosure given new policyholders include the website of the consumer affairs unit of the California Department of Insurance, in addition to the unit's name, address, and toll-free telephone number, as currently required. The new requirement takes effect Jan. 1, 2017.

The disclosures are to be printed in large, bold-faced type, as are disclosures identifying and providing contact information for the insurer and agent or broker of record

AAIS Advisory notices are posted periodically to announce AAIS product developments, and to provide news items that are relevant to our program users. Advisory notices are news summaries that paraphrase documents which should be consulted directly for complete, authoritative information.

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