Assembly BillFailedInsurance
AB 567: Insurance: residential and commercial.
What AB 567 does, verified February 3, 2026
The bill aims to regulate residential and commercial insurance practices in California. The state will pay for any annual increase in residential property insurance rates above 7% or the national average increase, whichever is lower. The Department of Insurance must provide a report to the legislature by March 31, 2026, on how to reduce regulations to keep insurance rates at or below the national average. The report will focus on slashing regulations to achieve efficiencies. The bill also sets the gross premiums tax rate for residential property insurance policies to 0% for premiums received on or after January 1, 2026, until January 1, 2030.
Bill journey
✓IntroducedComplete
2In CommitteeCurrent
3First Chamber FloorPending
4Second ChamberPending
5GovernorPending
6ChapteredPending
Last action: From committee: Filed with the Chief Clerk pursuant to Joint Rule 56. (2026-02-02)Alert me
Author and sponsors
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| Feb. 02, 2026 | From committee: Filed with the Chief Clerk pursuant to Joint Rule 56. |
| Jan. 31, 2026 | Died pursuant to Art. IV, Sec. 10(c) of the Constitution. |
| Apr. 28, 2025 | In committee: Set, second hearing. Held under submission. |
| Apr. 21, 2025 | In committee: Set, first hearing. Referred to suspense file. |
| Mar. 28, 2025 | Re-referred to Coms. on REV. & TAX. and INS. pursuant to Assembly Rule 96. |