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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.
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.
The Department of Financial Protection and Innovation has a long history, dating back to the formation of California's first banking department. It became the DFPI in 2020 with the passage of the California Consumer Financial Protection Law (CCFPL). [2] Formation of State Banking Department (1909) and State Corporations Department (1913)
Contractors State License Board (CSLB) Controller's Office, California State (SCO) Cool California (CoolCal) Corrections & Rehabilitation, Department of (CDCR) Counties, California State Association of (CSAC) Court Reporters Board of California (CRB) Courts, California (Courts) Criminal Justice and Behavioral Health, Council on (CCJBH)
In September 2023, California Insurance Commissioner Ricardo Lara announced the Sustainable Insurance Strategy — the largest overhaul of the state’s insurance regulations since Prop 103 passed ...
These individuals (in the case of the Board of Equalization, its members) are specifically denominated by article V, section 14 and article III, section 8, of the Constitution as 'state officers', are generally elected, are restricted from receiving money from certain sources and have their salaries determined by the California Citizen's Compensation Commission.
To obtain a California SR-22, drivers must contact an insurance provider licensed in the state who can file this certificate with the DMV, proving the driver meets the minimum insurance ...
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