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Makes permanent the existing tax on managed health care insurance plans, currently set to expire in 2026. It would also require the revenues generated by the tax to only be used for specified Medi-Cal services, and prohibit the revenue from being used to replace other existing Medi-Cal funding.
In January 2020, CMO provided its final Section 921 report to Congress, citing a total of $37 billion in savings from fiscal year 2017 through fiscal year 2021 across three separate reform efforts: (1) department-wide business reform savings, (2) savings claimed from the FY 2021 Defense-Wide Review, [11] and (3) savings reported in response to ...
(The Center Square) - California homeowners may face noticeable insurance rate hikes under new rules finalized by state regulators that allow property insurers to use complex climate algorithms ...
Changes current law to allow insurance companies to set prices based on whether the driver previously carried auto insurance with any insurance company. Initiative statute. [8] 34: Failed Repeals the death penalty. Initiative statute. [9] 35: Passed Imposes higher penalties on human trafficking. Initiative statute. [10] 36: Passed
California insurers will be required to sell coverage in wildfire-prone regions that have seen an insurer exodus in recent years, state Insurance Commissioner Ricardo Lara announced Monday. Under ...
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.
The California FAIR Plan is an insurance program of last resort for homeowners in high-risk areas of the Golden State who are unable to obtain fire coverage in the private insurance market.
The California Insurance Code are the codified California laws regarding insurance.The code not only covers requirements for home, auto, medical and business insurance policies, but also covers the licensing of bail bond agents, workers' compensation, motor club services, and other related business types.