SB 547: Commercial property insurance cancellation and nonrenewal.

This bill adds a new section to the insurance code that regulates classes of insurance. It prohibits insurance companies from canceling or refusing to renew a policy based solely on the fact that the insured structure is located in an area where a wildfire has occurred. The prohibition applies to both residential and commercial property insurance. However, the exceptions to this rule still apply, allowing for cancellation or nonrenewal in specific circumstances.