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Principally At-Fault
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| Status: Pending |
| Last ACIC Action: 06/16/2010 |
| Summary: ACIC objects to the June 1, 2010 revision because the Department of Insurance has failed to give notice of a public hearing on the revision and because provisions in the revision violate the statutory standards for regulations. In addition, the amendments would encourage fraud and create an environment where undeserving drivers qualify for the Good Driver Discount. ... more |
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Estimating Replacement Value on Homeowners Insurance
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| Status: Pending |
| Last ACIC Action: 05/17/2010 |
| Summary: In general, ACIC members believe that the responsibility for determining the level of coverage provided in a homeowners insurance policy must be a decision that rests with the insured because that is the person who is seeking protection against potential financial loss; the insured is the person responsible for paying the premium on the policy; the insured is the person who determines his or her own ability to pay that premium; the insured will incur the financial loss consequences of a failure ... more |
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Proposed Amendments to Title 10, Section 2646.6 California Code of Regulations - Statement
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| Status: Pending |
| Last ACIC Action: 03/03/2010 |
| Summary: ACIC members continue to oppose to the adoption of proposed amendments that would create new penalties for late submissions of Community Services Statements. ... more |
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Estimating Replacement Value
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| Status: Pending |
| Last ACIC Action: 02/11/2010 |
| Summary: ACIC participated in today's Department of Insurance public discussion on proposed regulations relating to estimating replacement value for residential property.... more |
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Reporting and Filing Premium Taxes
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| Status: Pending |
| Last ACIC Action: 01/15/2010 |
| Summary: The Department of Insurance is proposing regulations that would permit insurers to report premium taxes to the department based on an accrual basis or a cash basis at the option of the insurers. ... more |
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Community Service Statement
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| Status: Pending |
| Last ACIC Action: 12/02/2009 |
| Summary: The amendments would require an insurer to file a Community Service Statement every other year, rather than annually. The amendments also would impose monetary penalties on an insurer that fails to file a Community Service Statement.... more |
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Pay-As-You-Drive
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| Status: Adopted |
| Last ACIC Action: 10/16/2009 |
| Summary: The regulations give policyholders the option to have their auto insurance premiums based on the actual miles they drive rather than on estimated miles driven. ... more |
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Principally At Fault Statement
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| Status: Pending |
| Last ACIC Action: 08/26/2009 |
| Summary: The Department of Insurance has mandated that when an insurer develops its automobile insurance rates, the insurer must give an importance to driving record that outweighs the importance given to any other factor. ... more |
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Annual Financial Reporting
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| Status: Adopted |
| Last ACIC Action: 07/22/2009 |
| Summary: The regulations set forth the content for an insurer's annual audited financial report and describe the internal controls over financial reporting that an insurer must have in place. The regulations provide that foreign and alien insurers that file audited financial reports in another state which has been found by the California insurance commissioner to be substantially similar to the requirements in the newly adopted California regulations are exempt from the California reporting requirements... more |
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