AB 1339: Department of Insurance: housing insurance study.

The bill requires the department of insurance to conduct a study on the availability of property, liability, and builders' risk insurance coverages for affordable housing entities that receive government grants, loans, or tax credits. The study aims to identify barriers to keeping these entities properly insured and analyze how insurers consider factors such as the level or source of income of the individuals residing on the property. The department must collect information from relevant entities, including insurers, and submit a report to the legislature within one year. The report will make recommendations on potential policy and budget options to address insurance coverage cost and access challenges for these entities.