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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 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.
Military Department, California; Mining & Geology Board, State (SMGB) Motor Vehicles, Department of (DMV) Native American Heritage Commission (NAHC) Natural Resources Agency, California; Naturopathic Medicine Committee; New Motor Vehicle Board (NMVB) Occupational Safety and Health Appeals Board (DIR, OSHAB) Occupational Therapy, California ...
Jones, who served as Insurance Commissioner from 2011 to 2019, said the reason GEICO has local offices is for consumers who want to meet their insurance agent in person.
That would mean, for example, an insurer with a 10% share of the state's homeowners insurance market would have to cover 8.5% of the homes in riskier neighborhoods as identified by the department ...
California currently has some of the lowest wildfire insurance rates in the nation because of a 1988 law that requires companies to have prior approval from the California Department of Insurance ...
The California Insurance Code are the codified California laws regarding insurance.The code not only covers requirements for home, auto, medical and business insurance policies, but also covers the licensing of bail bond agents, workers' compensation, motor club services, and other related business types.
In 1820, there were 17 stock life insurance companies in the state of New York, many of which would subsequently fail. Between 1870 and 1872, 33 US life insurance companies failed, in part fueled by bad practices and incidents such as the Great Chicago Fire of 1871. 3,800 property-liability and 2,270 life insurance companies were operating in ...