California Insurance Code

§ 12922.5

INS § 12922.5 Effective Jan 1, 2020Div. 3 · Ch. 2 · Art. 1

(a)The commissioner shall convene a working group to identify, assess, and recommend risk transfer market mechanisms that:

(1)Promote investment in natural infrastructure to reduce the risks of climate change related to catastrophic events.

(2)Create incentives for investment in natural infrastructure to reduce risks to communities.

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Legislative history

Amended by Stats. 2019, Ch. 497, Sec. 181. (AB 991) Effective January 1, 2020.