Attorney General No.
Secretary of State No.
Provides that no law shall require that the owner of any property within the State of California obtain or maintain flood insurance as to that property. Prohibits any lender from requiring flood insurance as a condition of making a loan on real property in the State of California. Summary of estimate by Legislative Analyst and Director of Finance of fiscal impact on state and local government: No significant state and local fiscal impact.
Failed to Qualify
PROVIDES THAT PROPERTY OWNERS MAY NOT BE REQUIRED TO OBTAIN OR MAINTAIN FLOOD INSURANCE. INITIATIVE STATUTE. California Initiative 1467 (2010).