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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.
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.
While the Department of Financial Protection and Innovation regulates a variety of financial services, products, and professionals, the California Department of Consumer Affairs (DCA) licenses or certifies more than 2.4 million practitioners across more than 255 professions (those outside DFPI jurisdiction). Both the DFPI and DCA seek to ...
If you do not have car insurance, you will be fined anywhere from $100 to $1,000 and may have your license suspended. If you own a vehicle with a commercial registration, that fine increases to up ...
An insurance commissioner (or commissioner of insurance) is a public official in the executive branch of a state or territory in the United States who, along with their office, regulate the insurance industry. The powers granted to the office of an insurance commissioner differ in each state.
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)
Connecticut car insurance laws require that drivers carry the following insurance coverage: $25,000 of bodily injury liability coverage per person $50,000 of bodily injury liability coverage per ...
From February 2011 to December 2014 he was the Insurance Commissioner of the state of Connecticut, during which time he instituted reforms and consumer protections, led the state through the implementation of the Affordable Care Act, increased the presence of insurance businesses in the state, and served on several national and international ...