Insurance Code §2070 governs the form of fire policies written on California property. Which statement describes what it requires?

Explanation

Section 2070 provides that all fire policies on subject matter in California shall be on the standard form (the form set out in §2071) and, except as the article provides, shall not contain additions to it. A policy covering fire alone or fire with other perils may depart from that wording only where the fire coverage it gives is substantially equivalent to or more favorable to the insured than the coverage in the standard form. That is a floor, not a ceiling: broader is allowed, narrower is not. (a) is wrong because §2070 prescribes a form rather than an individual pre-approval of each policy; (b) is wrong because California has had a standard fire form for decades; and (d) inverts the rule, which applies to policies on California subject matter generally.