This bill:

• defines terms;
• enacts the Access to Insurance Plan Act;
• creates the Access to Insurance Plan Association as an independent state agency;
• requires each admitted insurer that writes property insurance in the state to participate in the association as a condition of transacting business;
• requires the association to establish and operate a residual market property insurance plan (fair plan);
• authorizes the fair plan to provide residential and commercial property insurance when coverage is not available in the admitted market;
• establishes governance of the association by a board of directors that the governor appoints;
• requires the board to adopt and submit a plan of operation to the insurance commissioner for approval;
• establishes requirements for rates, underwriting standards, coverage limits, and policy forms under the fair plan;
• requires an applicant to demonstrate that at least three admitted insurers declined coverage before obtaining coverage through the fair plan;
• authorizes the association to assess member insurers to fund startup costs and ongoing financial obligations;
• authorizes member insurers to recover certain assessments through policyholder surcharges;
• grants the insurance commissioner oversight, enforcement authority, and rulemaking authority; and
• provides for judicial review of final administrative actions.