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| Authors | Jones | ||||||||||||||||
| Subject | Home protection contracts. | ||||||||||||||||
| Relating To | relating to insurance. | ||||||||||||||||
| Title | An act to amend Section 12740 of the Insurance Code, relating to insurance. | ||||||||||||||||
| Last Action Dt | 2026-02-19 | ||||||||||||||||
| State | Introduced | ||||||||||||||||
| Status | Pending Referral | ||||||||||||||||
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| Analyses | TBD | ||||||||||||||||
| Latest Text | Bill Full Text | ||||||||||||||||
| Latest Text Digest |
Existing law regulates home protection companies that issue home protection contracts, as defined, to repair or replace components, systems, and appliances of a home for a specified period of time. Existing law requires the contract to provide a system of service for effectuating a repair or replacement of the system, component, or appliance. This bill would require the contract to also include a system of service for allowing reimbursement and cash in lieu of repair or replacement of the system, component, or appliance. |