California · commercial coverage limits
What is the program name for California · commercial coverage limits?
For California, coverage category is commercial coverage limits; program name is California FAIR Plan Association; citation / source is California Department of Insurance news release, Wednesday, March 29, 2023 — “Commissioner Lara and FAIR Plan reach agreement to increase commercial coverage limit to $20 million”; coverage limit is more than double its existing commercial coverage limits to $20 million; eligibility / ineligibility rule is for businesses unable to find coverage in the normal insurance marketplace, recorded from its source on 2026-08-19; source re-checked 2026-10-01.
Insurance Commissioner Ricardo Lara today announced the California FAIR Plan Association has agreed to more than double its existing commercial coverage limits to $20 million for businesses unable to find coverage in the normal insurance marketplace. The FAIR Plan is an association comprised of all insurers authorized to transact basic property insurance in California, and designed to be the state’s property “insurer of last resort,” writing coverage for businesses and residences when other insurance options are not available.
— cfpnet.com, retrieved 2026-08-19
- State
- California verified
- Program name
- California FAIR Plan Association our reading
- Citation / source
- California Department of Insurance news release, Wednesday, March 29, 2023 — “Commissioner Lara and FAIR Plan reach agreement to increase commercial coverage limit to $20 million” our reading
- Coverage category
- commercial coverage limits verified
- Coverage limit
- more than double its existing commercial coverage limits to $20 million verified
- Eligibility / ineligibility rule
- for businesses unable to find coverage in the normal insurance marketplace verified
Values marked our reading are our classification of what the source says — the source does not print them in those words. The quote below is the evidence for each one; judge it yourself.
Source
- cfpnet.comhttps://www.cfpnet.com/about-fair-plan/commissioner-lara-and-fair-plan-reach-agreement-to-increase-commercial-coverage-limit-to-20-million/