California Stop Insurance Overcharges Act (2010)
|Not on Ballot|
| This measure did not or |
will not appear on a ballot
Douglas Heller filed the ballot language.
The proposal would change the state's Insurance Code in order to:
- Say that insurance companies can't charge more to customers who pay for their insurance on an installment plan.
- Insurance brokers would not be allowed to charge consumers a broker fee while also collecting a commission from an insurance company.
- Prohibit insurance companies from charging higher rates to individuals who let their insurance lapse and then want to re-start it.
- Mandate that no fees or charges can be added to insurance premiums that have not been reviewed and approved by the state's Insurance Commissioner.
Ballot title: Limits on Certain Insurance Practices and Costs. Initiative Statute.
Official summary: Limits the fees insurance companies can charge policyholders for paying their premiums in installments. Prohibits insurance brokers from collecting commissions from insurance companies and limits the fees brokers can charge customers. Prohibits insurance companies from considering a person's lack of prior insurance coverage in determining the cost of automobile or residential property insurance or whether a person is eligible for it. Prohibits insurance companies from considering a driver's "claims experience" in determining the cost of auto insurance or whether a driver is eligible for it.
Estimated fiscal impact: This measure would probably have no significant fiscal effect on state and local governments.
- California Prohibit Discrimination in Insurance Rates Based on Policy History (2010). This measure is also sponsored by Douglas Heller.
- California Continuous Coverage Auto Insurance Discount Act (2010). This measure is sponsored by Mercury Insurance, and does approximately the opposite of the measures proposed by Heller.
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