<?xml version="1.0" ?>
<ns0:MeasureDoc xmlns:html="http://www.w3.org/1999/xhtml" xmlns:ns0="http://lc.ca.gov/legalservices/schemas/caml.1#" xmlns:ns3="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" version="1.0" xsi:schemaLocation="http://lc.ca.gov/legalservices/schemas/caml.1# xca.1.xsd">
	


	<ns0:Description>
		<ns0:Id>20250SB__052398AMD</ns0:Id>
		<ns0:VersionNum>98</ns0:VersionNum>
		<ns0:History>
			<ns0:Action>
				<ns0:ActionText>INTRODUCED</ns0:ActionText>
				<ns0:ActionDate>2025-02-20</ns0:ActionDate>
			</ns0:Action>
			<ns0:Action>
				<ns0:ActionText>AMENDED_SENATE</ns0:ActionText>
				<ns0:ActionDate>2025-03-24</ns0:ActionDate>
			</ns0:Action>
		</ns0:History>
		<ns0:LegislativeInfo>
			<ns0:SessionYear>2025</ns0:SessionYear>
			<ns0:SessionNum>0</ns0:SessionNum>
			<ns0:MeasureType>SB</ns0:MeasureType>
			<ns0:MeasureNum>523</ns0:MeasureNum>
			<ns0:MeasureState>AMD</ns0:MeasureState>
		</ns0:LegislativeInfo>
		<ns0:AuthorText authorType="LEAD_AUTHOR">Introduced by Senator Seyarto</ns0:AuthorText>
		<ns0:Authors>
			<ns0:Legislator>
				<ns0:Contribution>LEAD_AUTHOR</ns0:Contribution>
				<ns0:House>SENATE</ns0:House>
				<ns0:Name>Seyarto</ns0:Name>
			</ns0:Legislator>
		</ns0:Authors>
		<ns0:Title>An act to add and repeal Section 10089.56 of the Insurance Code, relating to insurance.</ns0:Title>
		<ns0:RelatingClause>insurance</ns0:RelatingClause>
		<ns0:GeneralSubject>
			<ns0:Subject>California Earthquake Authority: commission.</ns0:Subject>
		</ns0:GeneralSubject>
		<ns0:DigestText>
			<html:p>Existing law establishes the California Earthquake Authority (CEA), administered under the authority of the Insurance Commissioner and governed by a 3-member governing board, to transact insurance in this state as necessary to sell policies of basic residential earthquake insurance. Under existing law, the CEA’s governing board is advised by an appointed advisory panel. </html:p>
			<html:p>This bill would require the CEA to establish a commission, to convene no later than April 1, 2026, to consider expanding the authority. The bill would require the commission to be composed of the board members or their designees. The bill would also require the commission to explore
			 specified topics, including financial estimates for statewide earthquake threats. The bill would require the commission to conclude its work no later than April 1, 2027, and to submit a report to the Legislature no later than June 1, 2027, on the feasibility of creating a disaster insurance program in California. The bill would repeal these provisions on June 1, 2031.</html:p>
		</ns0:DigestText>
		<ns0:DigestKey>
			<ns0:VoteRequired>MAJORITY</ns0:VoteRequired>
			<ns0:Appropriation>NO</ns0:Appropriation>
			<ns0:FiscalCommittee>YES</ns0:FiscalCommittee>
			<ns0:LocalProgram>NO</ns0:LocalProgram>
		</ns0:DigestKey>
		<ns0:MeasureIndicators>
			<ns0:ImmediateEffect>NO</ns0:ImmediateEffect>
			<ns0:ImmediateEffectFlags>
				<ns0:Urgency>NO</ns0:Urgency>
				<ns0:TaxLevy>NO</ns0:TaxLevy>
				<ns0:Election>NO</ns0:Election>
				<ns0:UsualCurrentExpenses>NO</ns0:UsualCurrentExpenses>
				<ns0:BudgetBill>NO</ns0:BudgetBill>
				<ns0:Prop25TrailerBill>NO</ns0:Prop25TrailerBill>
			</ns0:ImmediateEffectFlags>
		</ns0:MeasureIndicators>
	</ns0:Description>
	<ns0:Bill id="bill">
		<ns0:Preamble>The people of the State of California do enact as follows:</ns0:Preamble>
		<ns0:BillSection id="id_7309EAE0-96CF-4F46-9AAD-5CA9EB5531CF">
			<ns0:Num>SECTION 1.</ns0:Num>
			<ns0:ActionLine action="IS_ADDED" ns3:href="urn:caml:codes:INS:caml#xpointer(%2Fcaml%3ALawDoc%2Fcaml%3ACode%2F%2Fcaml%3ALawSection%5Bcaml%3ANum%3D'10089.56'%5D)" ns3:label="fractionType: LAW_SECTION" ns3:type="locator">
				Section 10089.56 is added to the 
				<ns0:DocName>Insurance Code</ns0:DocName>
				, 
				<ns0:Positioning>immediately following Section 10089.55</ns0:Positioning>
				, to read:
			</ns0:ActionLine>
			<ns0:Fragment>
				<ns0:LawSection id="id_78E81EEE-5A44-4A88-BA1D-581934D877A1">
					<ns0:Num>10089.56.</ns0:Num>
					<ns0:LawSectionVersion id="id_C80797E5-AEDD-4AD5-B28B-1C6D65F20C71">
						<ns0:Content>
							<html:p>
								(a)
								<html:span class="EnSpace"/>
								The authority shall establish a commission, to convene no later than April 1, 2026, to consider expanding the authority.
							</html:p>
							<html:p>
								(b)
								<html:span class="EnSpace"/>
								The commission shall be composed of board members or their designees.
							</html:p>
							<html:p>
								(c)
								<html:span class="EnSpace"/>
								The commission shall explore both of the following:
							</html:p>
							<html:p>
								(1)
								<html:span class="EnSpace"/>
								Financial estimates for statewide earthquake threats.
							</html:p>
							<html:p>
								(2)
								<html:span class="EnSpace"/>
								Potential financial support from federal authorities in a worst-case scenario.
							</html:p>
							<html:p>
								(d)
								<html:span class="EnSpace"/>
								The commission shall conclude its work no later than April 1, 2027, and shall provide a
						report to the Legislature no later than June 1, 2027, on the feasibility of creating a disaster insurance program in California.
							</html:p>
							<html:p>
								(e)
								<html:span class="EnSpace"/>
								The commission shall be supported by authority staff. The department may provide additional staff if necessary.
							</html:p>
							<html:p>
								(f)
								<html:span class="EnSpace"/>
								(1)
								<html:span class="EnSpace"/>
								 A report to be submitted pursuant to this section shall be submitted in compliance with Section 9795 of the Government Code.
							</html:p>
							<html:p>
								(2)
								<html:span class="EnSpace"/>
								Pursuant to Section 10231.5 of the Government Code, this section is repealed on June 1, 2031.
							</html:p>
						</ns0:Content>
					</ns0:LawSectionVersion>
				</ns0:LawSection>
			</ns0:Fragment>
		</ns0:BillSection>
	</ns0:Bill>
</ns0:MeasureDoc>