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The California Fair Access to Insurance Requirements, or FAIR, Plan was established in 1968 in order to provide insurance coverage to homeowners in high-risk areas, whether that means their ...
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The FAIR plan has about 375,000 policyholders, and the insurer’s total risk exposure was $311 billion as of December 2023; it was $50 billion in 2018. Read more: He claims to have saved ...
Its budget is primarily derived from funds generated by license fees, assessments, and Proposition 103 recoupment fees. The CDI licenses over 1,500 insurance companies and more than 320,000 insurance agents and insurance brokers in the state of California, United States. The current California Insurance Commissioner is Ricardo Lara.
Insurance companies doing business in California must put money into a fund to pay for coverage under the FAIR Plan. The number of people on the FAIR Plan has nearly doubled in recent years ...
The crisis reached new heights ... That has forced thousands of homeowners into the California FAIR Plan, ... It also will talk directly with distressed homeowners who call 800-927-4357 or access ...
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The California FAIR Plan has seen a rapid rise in policyholders in recent years. Skip to main content. 24/7 Help. For premium support please call: 800-290-4726 more ways to reach ...