California Fair Plan Association

California FAIR Plan Association is a state-mandated insurance pool that provides basic property insurance to individuals and businesses in California who are unable to obtain coverage through the traditional insurance market. Established in 1968, the FAIR Plan serves as an insurer of last resort, offering fire and extended coverage for properties at high risk, such as those in wildfire-prone areas. The association generates revenue by collecting premiums from policyholders and is funded by assessments on participating insurance companies. Candidates should be aware that the FAIR Plan plays a crucial role in ensuring access to essential insurance coverage for vulnerable communities in California.

Recent Posts by California Fair Plan Association

1-7 of 7