Anjali Maria Tierra Blasko asked 2 years ago Hi, Every year when I attempt to get the CA Fair Plan, the insurance company tells me i have to pay 40/40/20…basically the whole amount in 3 months in large lump sums.
I was told that they have to offer a 12 month installment plan. Is this true? If yes, What am I supposed to do or tell the agent?
Hi Anjali,
Effective February 1, 2020, California Insurance Commissioner Ricardo Lara ordered the California Fair Plan to accept payments in monthly installments (see https://www.insurance.ca.gov/0400-news/0100-press-releases/2019/upload/nr089FAIRPlanOrder111419.pdf). If your insurance company is not complying, you can file a complaint with the Department of Insurance.
You can read more about the California Fair Plan on our website.