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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.
A designee must pass an exam on each topic and can choose between a personal insurance and a commercial insurance concentration, which includes one elective of their choosing, as well as one ethics course. These exams are standardized, two hour multiple choice, objective-type exams. The exams are known for their difficulty. [1] [2]
An 18th-century fire insurance contract. Property insurance can be traced to the Great Fire of London, which in 1666 devoured more than 13,000 houses.The devastating effects of the fire converted the development of insurance "from a matter of convenience into one of urgency, a change of opinion reflected in Sir Christopher Wren's inclusion of a site for 'the Insurance Office' in his new plan ...
The cost of property insurance for his small business recently doubled to about $16,000 a year. Lezlie Sterling/lsterling@sacbee.com So much attention is put on the challenges California ...
The Coachella Valley Invitational will include nearly half of the teams in Major League Soccer and the National Women's Soccer League as the preseason event continues to get bigger and bigger.
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.
President-elect Donald Trump promised mass deportation on the campaign trail, and while the scale of it remains vague, the elements of the plan are an unlikely call back to former President Barack ...
A flashcard or flash card is a card bearing information on both sides, usually intended to practice and/or aid memorization. It can be virtual (part of a flashcard software) or physical. Typically, each flashcard bears a question or definition on one side and an answer or target term on the other.
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