WatchGov

California bills · 2025-2026 Regular Session

California AB 226

California FAIR Plan Association.

  1. Introduced
  2. In committee
  3. Passed House
  4. Passed Senate
  5. To Governor
  6. Became law

Sponsors

Cosponsors (17)

Summary

Official abstract published by the California legislature· summary

The California FAIR Plan Association is a joint reinsurance association in which all insurers licensed to write basic property insurance participate in administering a program for the equitable apportionment of basic property insurance for persons who are unable to obtain that coverage through normal channels. Existing law requires the association's plan of operation and any amendment to the plan to be approved by the Insurance Commissioner. Existing law establishes the California Infrastructure and Economic Development Bank and authorizes it to issue bonds to provide funds for the payment of costs of a project for a participating party or upon request by a state entity. This bill would authorize the association, if granted prior approval from the commissioner, to request the California Infrastructure and Economic Development Bank to issue bonds, and would authorize the bank to issue those bonds to finance the costs of claims, to increase liquidity and claims-paying capacity of the association, and to refund bonds previously issued for that purpose. The bill would specify that the association is a participating party and that financing all or any portion of the costs of claims or to increase liquidity and the claims-paying capacity of the association is a project for bond purposes. The bill would authorize the bank to loan the proceeds of issued bonds to the association, and would authorize the association to enter into a loan agreement with the bank and to enter into a line of credit agreement or other agreement This bill would require the association, if the above-described bonds, loan agreements, or lines of credit received the prior approval of the commissioner, and if the association is unable to timely and fully meet its repayment obligation, to assess members in the amounts and at the times necessary to timely pay in full all obligations of the association with respect to those bonds, loan agreements, lines of credit, and other agreements, as specified. The bill would authorize the association to secure those bonds, loan agreements, lines of credit, and other agreements by a statutory lien, as specified. Existing law establishes the California Infrastructure and Economic Development Bank Fund, a continuously appropriated fund, for the purpose of implementing the objectives of the bank. To the extent that the bill would result in additional revenues being deposited into the California Infrastructure and Economic Development Bank Fund, the bill would make an appropriation. This bill would declare that it is to take effect immediately as an urgency statute.

Text versions

Roll-call votes

State vote data last updated Oct 15, 2026, 8:04 PM.

DateVoteResultYour legislators
Sep 13, 2025
House		AB 226 CALDERON Concurrence in Senate AmendmentspassSet your home in California to see
Sep 13, 2025
Senate		3rd Reading AB226 Calderon et al. By Umberg Urgency ClausepassSet your home in California to see
Aug 29, 2025
Senate		Do passpassSet your home in California to see
Aug 18, 2025
Senate		Placed on suspense filepassSet your home in California to see
Jun 25, 2025
Senate		Do pass, but first be re-referred to the Committee on [Appropriations] with the recommendation: To Consent CalendarpassSet your home in California to see
Jun 9, 2025
Senate		Do pass, but first be re-referred to the Committee on [Insurance]passSet your home in California to see
Apr 1, 2025
House		AB 226 Calderon Third Reading UrgencypassSet your home in California to see
Mar 19, 2025
House		Do pass.passSet your home in California to see
Mar 5, 2025
House		Do pass and be re-referred to the Committee on [Appropriations]passSet your home in California to see

Actions