CA | Bulletin 2024-8 provides notice of the procedure through which the FAIR Plan’s member insurers may request the Insurance Commissioner’s prior approval under Proposition 103 to seek recoupment from their policyholders of any FAIR Plan assessments in the highly unlikely event that the FAIR Plan levies an assessment, an occurrence which has not happened since 1994.
Home » Bulletins » California Issues Bulletin Regarding Insurer Recoupment Procedures in the Event of Assessment by the FAIR Plan