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 Bill Text - AB-1339 Department of Insurance: housing insurance study.

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 |Add To My Favorites |Track Bill | Version: 10/13/25 - Chaptered
 09/08/25 - Enrolled
 07/02/25 - Amended Senate
 05/01/25 - Amended Assembly
 02/21/25 - Introduced

 AB-1339 Department of Insurance: housing insurance study.(2025-2026)

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 Date Published: 10/14/2025 02:00 PM

AB1339:v95#DOCUMENTBill Start

 Assembly Bill

 No. 1339

 CHAPTER 728

 An act to add and repeal Chapter 6 (commencing with Section 13850) of Division 3 of the Insurance Code, relating to insurance. 

 [
 Approved by

 Governor
 October 13, 2025.

 Filed with

 Secretary of State
 October 13, 2025.
 ]

LEGISLATIVE COUNSEL'S DIGEST

AB 1339, Mark González.
 Department of Insurance: housing insurance study.

Existing law creates the Department of Insurance, headed by the Insurance Commissioner, and prescribes the department’s powers and duties. Existing law generally regulates classes of insurance.

This bill would require the department, upon appropriation and in consultation with specified entities and affordable housing entities, to conduct a study of the property, liability, and builders’ risk insurance coverages available to affordable housing entities, as defined, that receive a grant, loan, or tax credit awarded by the Department of Housing and Community Development or the California Tax Credit Allocation Committee. The bill would require an insurer to provide necessary information requested by the commissioner for the study. The bill would require the department, in conducting the study, to, among other things, (1) collect information from
 relevant entities, (2) identify barriers to keeping the affordable housing entities appropriately insured, and (3) analyze and request any other relevant information that may help the department analyze the availability of property, liability, and builders’ risk insurance coverage for specified affordable housing entities. The bill would also require the department to analyze how, if at all, insurers consider specified determinations of offers or rate setting, including the level or source of income of an individual or group of individuals residing or intending to reside upon the property to be insured. The bill would require the department to submit a report on the study to the Senate Committee on Insurance and the Assembly Committee on Insurance within one year of the above-described appropriation.
 The bill would require that report to make recommendations on potential policy and budget options to address insurance coverage cost and access challenges for specified affordable housing entities as identified in the study. The bill would repeal these provisions as of January 1, 2031.

The bill would also make related findings and declarations.

Digest Key

 Vote:
 MAJORITY 
 Appropriation:
 NO 
 Fiscal Committee:
 YES 
 Local Program:
 NO 

Bill Text

The people of the State of California do enact as follows:

SECTION 1.

 Chapter 6 (commencing with Section 13850) is added to Division 3 of the Insurance Code, to read:

 CHAPTER
 6. Affordable Housing Insurance Coverage Study

13850.

 The Legislature finds and declares all of the following:

(a) Hundreds of thousands of affordable homes have been built across California to meet the needs of low-income households and people experiencing homelessness. The state has invested billions of dollars in these homes through programs administered by the Department of Housing and Community Development and the California Tax Credit Allocation Committee. 

(b) The United States is facing an industrywide insurance crisis, especially in the property insurance sector. According to Marsh’s Global Insurance Market Index, property insurance rates have increased for 27 consecutive
 quarters, continuing the longest run of increases since the inception of the index in 2012. 

(c) Affordable housing entities in urban, suburban, and rural communities across California are facing limited availability of insurance coverage, significant premium and deductible cost increases, and reductions in the scope and quality of coverage. These issues are present in property, liability, and builder’s risk insurance. 

(d) Affordable housing entities have limited options to manage increased insurance costs due to their mission and legal requirements to keep rents at affordable levels for low-income households. As a result, affordable housing