Governance, Risk and Compliance – The Californian Insurance Industry
Timetric’s 'Governance, Risk and Compliance – The Californian Insurance Industry' report is the result of extensive research into the insurance regulatory framework in California.
It provides detailed analysis of the insurance regulations for life, property, motor, liability, personal accident and health, and marine, aviation and transit insurance. The report specifies various requirements for the establishment and operation of insurance and reinsurance companies and intermediaries.
The report brings together Timetric’s research, modeling and analysis expertise, giving insurers access to information on prevailing insurance regulations, and recent and upcoming changes in the regulatory framework, taxation and legal system in the state. The report also includes the scope of non-admitted insurance in the state.
The report provides insights into the governance, risk and compliance framework pertaining to the insurance industry in California, including:
An overview of the insurance regulatory framework in California.
The latest key changes, and changes expected in the state’s insurance regulatory framework.
Key regulations and market practices related to different types of insurance product in the state.
Rules and regulations pertaining to key classes of compulsory insurance, and the scope of non-admitted insurance in California.
Key parameters including licensing requirements, permitted foreign direct investment, minimum capital requirements, solvency and reserve requirements, and investment regulations.
Details of the tax and legal systems in the state.
The report covers details of the insurance regulatory framework in California.
The report contains details of the rules and regulations governing insurance products and insurance entities.
The report lists and analyzes key trends and developments pertaining to the state’s insurance regulatory framework.
The report analyzes the rules and regulations pertaining to the establishment and operation of insurance businesses in the state.
The report provides details of taxation imposed on insurance products and insurance companies.
Reasons To Buy
Gain insights into the insurance regulatory framework in California.
Track the latest regulatory changes, and expected changes impacting the Californian insurance industry.
Gain detailed information about the key regulations governing the establishment and operation of insurance entities in the state.
Understand key regulations and market practices pertaining to various types of insurance product.
The Californian insurance industry is regulated by the CDI.
Composite insurance is not permitted in California.
100% FDI is permitted in the Californian insurance industry.
Non-admitted insurance is not permitted with a few exceptions.
Key classes of compulsory insurance include motor third-party liability insurance and aviation third-party liability insurance.
Effective from July 1, 2015 new guidelines for workers’ compensation insurance were introduced by the California legislation.