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California Department of Insurance; CDI headquarters at 300 Capitol Mall in Sacramento: Agency overview; Formed: 1868: Headquarters: 300 Capitol Mall, Suite 1700 Sacramento, California: Employees: 1,403: Annual budget: $287 million (2018–2019) Agency executive
In an effort to strengthen consumer financial protections in California, Governor Gavin Newsom in 2020 proposed an initiative [3] to modernize and revamp the Department of Business Oversight (DBO). The measure included an increase in staff and authority, to enhance the department's regulatory scope and enable it to become a national model for ...
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.
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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.
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.