Daily Journal
California Insurance Rate Reforms: Streamlining Approvals or Creating Confusion?
August 22, 2024
In an effort to streamline the property and casualty rate approval process, the California Department of Insurance has proposed Regulation 2019-00025 to amend California Code of Regulations. The amendments are intended to update the submissions procedures and provide consumer representatives more opportunity to timely review rate applications. Public feedback regarding these amendments is mixed, with consumer groups pushing for greater transparency on rate filings.
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