California has enacted Assembly Bill 2724 updating civil penalties associated with failing to report certain fire risk information to the California Department of Insurance.
Admitted insurers writing $10,000,000 or more in premiums who fail to report certain fire risk information on their residential property policies shall be subject to a civil penalty of up to $5,000 for each 30-day period the insurer is not compliant. If the non-compliance was willful, the insurer is subject to up to $10,000 for each 30-day period, not to exceed an aggregate amount of $100,000. Insurers may request a 30-day extension to submit a report due to unintended or unforeseen delays.
Please see Assembly Bill 2724 for more information.