SACRAMENTO—For almost 29 years, California insurers have uttered the phrase “Proposition 103” like a curse.
The 1988 voter-approved initiative forced insurance companies to roll back home and auto rates by 20 percent and to obtain the approval of an elected commissioner before increasing them. It also required insurers to set car policy rates based primarily on three factors: a driver’s safety record, his or her years of experience behind the wheel and the number of miles driven annually.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
