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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.
Lastly, several departments are led by a constitutional executive officer who is elected separately from the Governor, e.g. the CA Department of Justice (Attorney-General) and the CA Department of Insurance (Insurance Commissioner). [1] Accountancy, California Board of (CBA) Achieving a Better Life Experience, California (CalABLE)
Gov. Gavin Newsom’s administration released a highly-anticipated proposal meant to speed up California’s review of price increases for home and automobile coverage that the governor said weeks ...
GEICO has stopped selling polices through insurance offices or by the phone in California. ... The California Department of Insurance is following GEICO’s actions, said California Deputy ...
California Insurance Commissioner elections (8 P) Pages in category "California Insurance Commissioners" The following 7 pages are in this category, out of 7 total.
That would mean that an insurer that has a 10% share of California's home insurance market would have to write 8.5% of the policies in such neighborhoods. The department released preliminary maps ...
Its market share spiked to over 50 percent in years 2002–2004 when a large number of private carriers left the market. In keeping with its mission, State Fund has an open-door policy, writing insurance for California businesses that need workers' compensation insurance. State Fund insures [6] approximately 130,000 policyholders in California.