ARTICLE 10.85. Insurance and Climate Risk Market Intelligence Act [937. - 937.5.]

Article 10.85 added by Stats. 2025, Ch. 542, Sec. 1.

§§ 937–937.5 · 6 sections

• § 937 The Legislature finds and declares all of the following: (a) Since 2006, the state of California has funded and undertaken four comprehensive climate change…
• § 937.1 (a) (1) On or before March 1, 2026, and on or before March 1 of every year thereafter, an admitted insurer in a group with written premiums in the prior year…
• § 937.2 Notwithstanding Section 937.3, information submitted to the commissioner under this article shall be confidential pursuant to Section 7929.000 of the…
• § 937.3 (a) The commissioner shall post to the department’s internet website an aggregated report based on the data collected under Section 937.1. (b) The report shall…
• § 937.4 (a) Failure to submit a report under Section 937.1 shall subject an admitted insurer to a civil penalty to be fixed by the commissioner, not to exceed five…
• § 937.5 The commissioner may promulgate regulations that further the purposes of this article.