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The first state commissioner of insurance was appointed in New Hampshire in 1851 and the state-based insurance regulatory system grew as quickly as the insurance industry itself. [4] Prior to this period, insurance was primarily regulated by corporate charter, state statutory law and de facto regulation by the courts in judicial decisions.
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.
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.
Some states may require a written examination for a license, while others may require several years of field experience as a student or intern, or both. The requirements regarding who must be licensed may include uncommon or strange licenses; for example, four states require licensing for interior designers. [4]
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 2024, this number was $6,500, which jumped to $7,000 in 2025. You have a “catch-up” amount if you are over 50, but it’s only good for an extra $1,000 in contributions.
First-round players to watch, keys to the game. For the first time ever, there will be College Football Playoff games on campuses. Notre Dame-Indiana will get things started on Friday night before ...
DCA provides the public with live telephone assistance in more than 170 languages for consumer-related questions and concerns. The department publishes a number of publications on consumer-related issues, the most popular being the California Tenants Guide. Publications are free to the public and are made available on the department's website.