1. California fire insurance policies must provide coverage no less favorable than the:

California standard form fire insurance policy

California fire policies must be no less favorable than the statutory standard form fire policy.

2. An insurer that will not renew a California residential property policy must give advance written notice of at least:

45 days

California requires at least 45 days advance written notice of nonrenewal of a residential property policy.

3. A California residential property policy in force over 60 days may be cancelled only for reasons such as:

Nonpayment of premium, fraud, or a substantial increase in hazard

After 60 days, residential property policies may be cancelled only for the grounds stated in the Insurance Code.

4. Under a California property policy, actual cash value generally means:

Replacement cost less depreciation

Actual cash value is generally replacement cost less depreciation.