California Proposition 103, Insurance Rate Reductions and …
WEBThe ballot summary for this measure was: Requires minimum 20-percent rate reduction from November 8, 1987, levels, for automobile and other property/casualty insurance. Freezes rates until November 8, 1989, unless insurance company is substantially threatened with insolvency.
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1988 California Proposition 103 - Wikipedia
WEBProposition 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.
WEBPROPOSITION 103. What is it and why do we care? Act—was adopted by 51.2% of voters in 1988. It was written by Harvey Rosenfield from the Foundation for Consumer and Taxpayer Rig.
All 10 propositions on California’s 2024 ballot, explained
WEBJul 12, 2024 — There are 10 statewide propositions on the ballot this year, ranging in issues from education funding to marriage equality, minimum wage increases to public safety.
Text of Proposition 103 - Consumer Watchdog
WEBJan 1, 2008 — On November 8, 1988, Californians passed the Insurance Rate Reduction and Reform Act, better known as Proposition 103. What follows below is the complete, original text of the ballot initiative. NOTE: Changes made by the state Legislature and the Courts are noted in different colored-text (green for additions, red. for deletions).
Prop 103 California Insurance Reform - Consumer Watchdog
WEBIn 1988, Californians revolted against excessive auto, homeowner and business insurance premiums and passed Proposition 103, a ballot measure written by Consumer Watchdog founder Harvey Rosenfield to rein in insurance companies.
The Prop. 103 Saga: California courts are not shy about ... - Medium
WEBAug 4, 2020 — The court concluded that Proposition 103 was enacted to ‘ensure that insurance is fair, available, and affordable for all Californians.’. To achieve this goal, the drafters established a public...
California Propositions 2024: How They End Up On Your Ballot
WEBFeb 5, 2024 — Lets explore how California's propositions work, how amendments, referendums and bonds get on the ballot, and why big spending deserves a close look.
WEBProposition 103 mandates that insurance companies provide a discount to all consumers with good driving records, and it required a 20% rate rollback of excessive premiums during the 1980s that resulted in insurer refunds of over $1.2 billion directly to consumers.