A bill that aims to enable the California FAIR Plan to seek additional claims paying capacity is making its way through state Legislature.
Assembly Bill 226, the FAIR Plan Stabilization Act, passed out of the Assembly 72-0.
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This bill, authored by Assemblymembers Lisa Calderon (D-Whittier) and David Alvarez (D-San Diego), would allow the FAIR Plan to seek additional claims paying capacity, either through the issuance of bonds or a line of credit.
Advocates of the bill say these financial tools are a resource to