Calif. FAIR Plan ordered to offer earthquake policy. (Fair Access to Insurance Requirements): An article from: National Underwriter Property & Casualty-Risk & Benefits Management

This digital document is an article from National Underwriter Property & Casualty-Risk & Benefits Management, published by The National Underwriter Company on October 24, 1994. The length of the article is 864 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

From the supplier: California Insurance Commissioner John Garamendi has ordered insurers in the state to provide mono-line residential earthquake insurance as part of the state's FAIR Plan by Jan. 1, 1995. Insurers may challenge the order, which could put some smaller commercial insurers out of business. They say the FAIR Plan does not authorize an earthquake-only policy, and the timetable is impractical. The policy would have a 10% to 15% deductible, and cover replacement of homes worth up to $400,000.

Citation Details
Title: Calif. FAIR Plan ordered to offer earthquake policy. (Fair Access to Insurance Requirements)
Author: Alfred G. Haggerty
Publication:National Underwriter Property & Casualty-Risk & Benefits Management (Magazine/Journal)
Date: October 24, 1994
Publisher: The National Underwriter Company
Issue: n43 Page: p2(2)

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