California New Insurance Market Regulations Initiative (2026)
| California New Insurance Market Regulations Initiative | |
|---|---|
 | |
| Election date November 3, 2026 | |
| Topic Business regulations | |
| Status Cleared for signature gathering | |
| Type State statute | Origin Citizens |
The California New Insurance Market Regulations Initiative (#25-0012) may appear on the ballot in California as an initiated state statute on November 3, 2026.
The initiative would repeal Proposition 103 approved in 1988 and replace it with new insurance market regulations.[1]
Text of measure
Ballot title
The ballot title is as follows:
| “ | Eliminates requirement that elected insurance commissioner approve increases in property and automobile insurance rates. Initiative statute.[2] | ” |
Petition summary
The summary provided for inclusion on signature petition sheets is as follows:
| “ | Repeals law requiring that insurers obtain Insurance Commissioner’s approval before raising property and automobile insurance rates. Instead, new rates take immediate effect; afterwards, Insurance Commissioner may disapprove their use in future policies, but not for policies that have already issued. Eliminates requirement that automobile rates be based primarily on driver’s safety record, years of driving experience, and miles driven. Instead, Insurance Commissioner will establish new criteria, which may include factors considered in other states (e.g., credit score, employment status). Eliminates compensation for public intervenors who challenge rate increases.[2] | ” |
Full text
The full text of the initiative can be read here.
Path to the ballot
An initiated state statute is a citizen-initiated ballot measure that amends state statute. There are 21 states that allow citizens to initiate state statutes, including 14 that provide for direct initiatives and nine (9) that provide for indirect initiatives (two provide for both). An indirect initiated state statute goes to the legislature after a successful signature drive. The legislatures in these states have the option of approving the initiative itself, rather than the initiative appearing on the ballot.
In California, the number of signatures required for an initiated state statute is equal to 5% of the votes cast in the last gubernatorial election. A simple majority vote is required for voter approval. The requirements to get initiated state statutes certified for the 2026 ballot:
- Signatures: 546,651 valid signatures are required.
- Deadline: The deadline for signature verification is June 25, 2026. However, the secretary of state suggested deadlines for turning in signatures of January 12, 2026, for initiatives needing a full check of signatures and April 17, 2026, for initiatives needing a random sample of signatures verified.
Initiative #25-0012
- August 11, 2025: Elizabeth Hammack filed the initiative with the California Attorney General's Office.[1]
- October 16, 2025: The initiative was cleared for signature gathering.
See also
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External links
Footnotes
- ↑ 1.0 1.1 Attorney General Information: Initiative and Referendum Proposals Pending Review By Attorney General, "25-0012 text," accessed August 12, 2025
- ↑ 2.0 2.1 Note: This text is quoted verbatim from the original source. Any inconsistencies are attributable to the original source.
