Senate Bill No. 890

Introduced by Senator Gaines

January 20, 2016

An act to amend Section 2070 of the Insurance Code, relating to insurance.

LEGISLATIVE COUNSEL’S DIGEST

SB 890, as introduced, Gaines. Insurance: fire insurance.

Existing law establishes a standard form for fire insurance policies in this state. Existing law requires that all fire insurance policies in California be on the standard form, with no additions to that form, except as provided. Existing law prohibits any part of the standard form from being omitted from the policy, except as specified.

This bill would make technical, nonsubstantive changes to that provision.

Vote: majority. Appropriation: no. Fiscal committee: no. State-mandated local program: no.

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

SECTION 1.  

Section 2070 of the Insurance Code is amended
to read:

2070.  

begin insert (a) end insert begin insert   end insert All fire policies on subject matter in California shall
be on the standard begin delete form, end delete begin insert form end insert and, except as provided by this
begin delete article end delete begin insert article, end insert shall not contain additions begin delete thereto. No end delete begin insert to the form. end insert

begin insert (b) end insert begin insert   end insert begin insert No end insert part of the standard form shall be omitted begin delete therefrom
except that any end delete begin insert from the policy. However, a end insert policy providing
coverage against the peril of fire only, or in combination with
coverage against other perils, need not comply with the provisions
of the standard form of fire insurance policy or Section begin delete 2080;
provided, that end delete begin insert 2080, if the end insert coverage with respect to the peril of
fire, when viewed in its entirety, is substantially equivalent begin delete to end delete begin insert to, end insert
or more favorable to the insured begin delete than end delete begin insert than, end insert that contained in begin delete such end delete
begin insert the end insert standard form fire insurance policy.