CA Fair Plan Installments? Anjali Maria Tierra Blasko asked 9 months ago
CA Fair Plan Installments?

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?

1 Answers
Answer for CA Fair Plan Installments? United Policyholders Staff answered 9 months ago

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.