Search results
Results from the WOW.Com Content Network
The California Department of Insurance (CDI), established in 1868, is the agency charged with overseeing insurance regulations, enforcing statutes mandating consumer protections, educating consumers, and fostering the stability of insurance markets in California. The CDI has authority over how the insurance industry conducts business within ...
t. e. 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 regulatory law is the body of statutory law, administrative regulations and jurisprudence that governs and regulates the insurance industry and those engaged in the business of insurance. Insurance regulatory law is primarily enforced through regulations, rules and directives by state insurance departments as authorized and directed ...
Proposition 103 is California’s insurance bible. It was a citizens’ initiative approved by voters in 1988 that rolled back rates by 20% for home, auto and many types of insurance. It created ...
The State Compensation Insurance Fund (State Fund) is a workers' compensation insurer that was created as a " public enterprise fund" by the U.S. state of California, [ 1 ] and today has partial autonomy from the rest of the state government. It is required by state law to maintain its headquarters in San Francisco, [ 2 ] but has regional ...
For instance, in Northern California, 20% of homebuilders surveyed, at the time, said that buyers’ concerns over property insurance are somewhat slowing sales, and in Southern California, 29% of ...
Two state-based health insurance regulators is unusual in the United States, and has led to various additional work to synchronize laws. [3] This dual regulation arose due for historical reasons, and when the DMHC was created in 2000, the California legislature requested a report on merging the health insurer responsibilities with the CDI. [4]
The California Insurance Equality Act (AB 2208) [1][2] is a state law that requires California insurance providers and managed care plans (HMOs) to provide coverage for registered domestic partners that is equal to spousal coverage. [3] The law complements the California Domestic Partnership Rights and Responsibilities Act of 2003 [4] (AB 205 ...