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The California Insurance Code (CIC) requires that the CDI provides licensing examinations for brokers and agents, and that the department must investigate suspected violations of the CIC by businesses and individuals who possess CDI licenses. The CDI also oversees the licensing of bail bond agents. The CDI also oversees the licensing of service ...
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.
California State Government Organization Archived 2010-10-06 at the Wayback Machine - Chart showing a hierarchy of the above departments and commissions California State Agency Databases Archived 2016-03-07 at the Wayback Machine - Comprehensive list of state agencies and databases maintained by the American Library Association
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.
The department operates under the California Business, Consumer Services and Housing Agency. The DFPI protects California consumers and oversees the operations of state-licensed financial institutions, including banks, credit unions, debt collectors, nonbank mortgage lenders, student loan servicers, money transmitters, and others. Additionally ...
Covered California is governed by a board composed of five members: the Secretary of the California Health and Human Services Agency or their designee as a voting, ex officio member; two members appointed by the Governor; one member appointed by the Senate Committee on Rules; and one member appointed by the Speaker of the Assembly. [20]
Gov. Gavin Newsom made a splash when he promised on May 10 to bring relief to California’s turbulent insurance market by vowing to speed up how quickly price increases are reviewed in the state.
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.