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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.
Contractors State License Board (CSLB) Controller's Office, California State (SCO) Cool California (CoolCal) Corrections & Rehabilitation, Department of (CDCR) Counties, California State Association of (CSAC) Court Reporters Board of California (CRB) Courts, California (Courts) Criminal Justice and Behavioral Health, Council on (CCJBH)
As a result of the passage of Proposition 103 in 1988, the elected office of the California Insurance Commissioner was created in 1991. Previously, the position was held by a person appointed by the Governor. The Insurance Commissioner oversees the Department of Insurance.
The Department of Financial Protection and Innovation has a long history, dating back to the formation of California's first banking department. It became the DFPI in 2020 with the passage of the California Consumer Financial Protection Law (CCFPL). [2] Formation of State Banking Department (1909) and State Corporations Department (1913)
Central Avenue is a major north–south thoroughfare in the central portion of the Los Angeles, California metropolitan area. Located just to the west of the Alameda Corridor , it runs south from the eastern end of the Los Angeles Civic Center down to the east side of California State University, Dominguez Hills and terminating at East Del Amo ...
USC Tower, formerly AT&T Center, SBC Tower, Transamerica Building, and Occidental Life Building, is a 32-story, 138 m (453 ft) skyscraper in the South Park neighborhood of Los Angeles, California, United States. Built to house the offices and computer center of the Occidental Life Insurance Company, [4] it was completed in
Ricardo Lara (born November 5, 1974 [1]) is an American politician who is currently serving as the 8th Insurance Commissioner of California.Lara was elected during the 2018 election, defeating former California insurance commissioner Steve Poizner.
With $207 million spent, the most expensive election campaign in U.S. modern history was the 1988 California insurance initiatives election battle. Only Prop. 103 won voter approval. The $207 million spent, in 2020 dollars adjusted for inflation, which was $95 million in 1988, was reported by the Los Angeles Times. [11]