Category: Insurance
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The Property/Auto Insurance Nonrenewal Reform Act: How SB 1296 Gave California Policyholders More Notice and More Justification
In 1999, the California homeowner receiving a property insurance nonrenewal notice was, in most cases, a homeowner receiving only 30 days notice with no justification. Senator Richard G. Polanco wrote a law that required more notice and more justification. The law was SB 1296.
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The Insurance Community Development Investment Act: How SB 1217 Directed Insurance Capital into California Communities
In the mid-1990s, insurance companies operating in California held more than $400 billion in reserves, and less than 2 percent was invested in California communities. Senator Richard G. Polanco wrote a law that changed that. The law was SB 1217.