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Its budget is primarily derived from funds generated by license fees, assessments, and Proposition 103 recoupment fees. The CDI licenses over 1,500 insurance companies and more than 320,000 insurance agents and insurance brokers in the state of California, United States. The current California Insurance Commissioner is Ricardo Lara.
Chartered Property Casualty Underwriter (CPCU) is a professional designation in property-casualty insurance and risk management, [1] administered by The Institutes (AKA American Institute for Chartered Property Casualty Underwriters). Achieving the designation requires completion of eight courses covering topics such as risk management ...
The California insurance commissioner has been an elected executive office position in California since 1991. Prior to that time, the insurance commissioner was appointed by the governor. The officeholder is in charge of the California Department of Insurance. The current insurance commissioner is Democrat Ricardo Lara.
Proposition 103, titled Insurance Rate Reduction and Reform Act, was a California ballot proposition voted on in the 1988 California General Election. It passed with 51% of the vote on November 8, 1988. [1] Proposition 103 expanded the regulatory capacities of the California Department of Insurance, especially in property and casualty insurance.
A subsidiary of Manulife Financial serving California got approval from regulators to raise long-term care premiums by 40% late last year, while CNA Financial has a request for a 45% increase ...
The California Department of Financial Protection and Innovation (abbreviated DFPI; formerly the Department of Business Oversight, DBO) regulates a variety of financial services, businesses, products, and professionals. [1] The department operates under the California Business, Consumer Services and Housing Agency.
Data analyzed by the insurance comparison website Insurify showed the average annual cost of full coverage in California was $2,417 as of June, up from $1,666 the year before.
Agents of the Office of Correctional Safety (OCS) are peace officers per California Penal Code 830.2 whether assigned to the Special Service Unit (Special Agents), the Fugitive Apprehension Team (Special Agents, PAI, II & IIIs), or other entity of OCS, which serves are the special operations division of the department. OCS Agents are classified ...