Insurance in California

3. Discounts careful drivers are 

Neat drivers Ts 103 recognizes those
Anyone who has a valid passport not less than three years, for these three years, is not more than,
More than one penalty box score on their license, and not was the main culprit behind an accident,
The result was the death of a human being,
Total loss vehicle or property damage greater than $500.
Such drivers are insurance companies are required to provide no less than,
More than 20% discount compared with the same fare for the "conventional" driver. 

Insurance in California

2. Three factors

 

On the calculation of the cost of insurance should affect three critical factors:
- Driving history a particular driver (driving safety record); - the number of miles,
School attendance by an insurer for driving; a valid passport. In addition,
Commissioner may add a few other factors,
Which, in a particular case could affect the probability of occurrence of the insured event-by-case basis.

Insurance in California

1. Lower Rates

 All insurance companies have been obliged to reduce their tariffs on 20 per cent compared with the existing in the 
Which such a reduction would have led to bankruptcy. Subsequently, however, this item
The provisions of 103 has been changed the Supreme Court California to allow insurance companies
To obtain a fair profit ,
That is, in each case, there was reduction in an individual.

Insurance in California

California this is: is the most populous state in the US (about 37 million.
People according to the 2009 year); - 13% of the GDP of the entire GDP of the United States (as of the 2006 year,
Only 8 countries in the world have more GDP,
More than one California); - the largest (from all fifty states) the number of people,
With driver's license - 23,697,667 according to the year 2008,
That is every two of the three residents state,
including the elderly and infants; - 168,076 kilometers public roads.
The most powerful state joy peace economy, heavily urbanized,
covered by dense by a network of roads, which moves the number of vehicles,
Comparable to rectify this situation, no doubt,
Interest in and to the point of view of its insurance product.

Insurance in California

The key point in the recent history of insurance in the state of the adoption in 1988, the provisions of
No. 103 ( Prоpоsitiоn 103 ), which radically changed the role CDI and established the rules of the game.
Prior to the adoption of the provisions of 103 Commissioner - chapter CDI - was appointed by the Governor,
Now, he was selected by state residents.
Prior to the adoption of the provisions of 103 CDI has carried out its functions in accordance with insurance act of IAC. mcbridedirector- Grunsky insurance regulatory act,
On which insurance companies are not required to justify the rates of insurance tariffs,
Except for life insurance and health care.
At the time California was considered less "open competition"
Where only market-based mechanisms.
The Division consumer services (Consumer Services Division) was obliged to follow (and only!
For the order, such as insurance companies formed their fares.
16 December 1988, under the division of tariff control unit has been established,
Responsible for the implementation of the following items of 103: 

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Cancelling the policy

    You can cancel your policy at any time and for any reason by giving notice in writing to
your insurer. Are you cancelling your policy because you’ve received a more attractive
proposal from another insurer? Check to see whether it’s really worth it, as your insurer
may charge you a penalty, as set out in the cancellation table appended to your policy;
the longer the remaining policy term, the higher the penalty.
 
Your insurer has the right to cancel your auto insurance policy within 60 days of its
coming into force regardless of the reason. After this period, your insurer can only
cancel your policy if the risk has increased or if you haven’t paid your premium.

Renewing your policy

   Your auto insurance is renewed automatically. The insurer is
required to send the insured or the insured’s broker a notice of
renewal 30 days prior to the policy maturity date. Renewal is
automatic unless either you or your insurer gives notice to the
contrary.

   You should know that your insurer can decide not to renew your
policy at maturity. Some of the reasons most often given include
misrepresenting facts, high number of claims and non-payment
of the premium.

Fichier central des sinistres automobiles (FCSA)

   The FCSA is a database which tracks all automobile claims filed in the past six years
(accident, theft, vandalism, etc.). Insurers refer to it to check your automobile claims
experience.

Custodian of the vehicle

Since April 1, 2009, claims are attributed to the custodian of the vehicle, namely the
person at the wheel or the person who had charge of the vehicle when the accident
happened. For example, if you lend your car to your son and were he to have an
accident, the incident will be entered in your son’s file, not in yours.

Consulting your claims record or correcting errors

You may consult your FCSA file at any time. And if you believe that it contains an error,
you can have it checked. To do so, go to www.infoinsurance.ca, print the form for this
purpose and follow the instructions.

Buying auto insurance

Who is insured?

  In Quebec, everyone who owns a vehicle is required to purchase
auto insurance. Here are some things to consider.

  Auto insurance covers the vehicle and the drivers.

Generally, the main user of the vehicle is called the

principal driver and the other users are called

occasional drivers. When setting the premium,

the insurer factors in the claims experience of the

principal driver and that of the occasional drivers.

Does your son drive your car? You need to tell your

insurer to avoid any complications should there

be a claim.

Who can sell you insurance?

Insurance brokers: brokers offer the products
of insurance companies with which they
have agreements.
Insurance agents: agents work for a specific
insurance company.
Before you decide to do business with either a broker
or an agent, check out prices, the products being
proposed and the quality of the service.
Buying auto
insurance
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