CDI headquarters at 300 Capitol Mall in Sacramento
Agency overview
Formed
1868
Headquarters
300 Capitol Mall, Suite 1700 Sacramento, California
Employees
1,403
Annual budget
$287 million (2018–2019)
Agency executive
Ricardo Lara, Insurance Commissioner
Website
www.insurance.ca.gov
The California Department of Insurance (CDI), established in 1868, is the agency charged with overseeing insurance regulations, enforcing statutes mandating consumer protections, educating consumers, and fostering the stability of insurance markets in California. The CDI has authority over how the insurance industry conducts business within California, and licenses and regulates the rates and practices of insurance companies, agents, and brokers in the state.
Continuing education for insurance professionals is regulated by each state's Department for Insurance, although there are commonalties across the states. See Insurance Continuing Education.
CDI has over 1,300 employees charged with the responsibility of protecting consumer interests. Its budget is primarily derived from funds generated by license fees, assessments, and Proposition 103 recoupment fees. The CDI licenses over 1,500 insurance companies and more than 320,000 insurance agents and insurance brokers in the state of California, United States. The current California Insurance Commissioner is Ricardo Lara.
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Warranty Companies". California Statewide Law Enforcement Association. Retrieved 2022-05-20. "CaliforniaDepartmentofInsurance Issues Cease And Desist...
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respond to InsuranceDepartment requests for data in March 2008. On February 11, 2018, CNN reported that the CaliforniaDepartmentofInsurance launched...
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