CA Property & Casualty Practice Questions - California Property & Casualty Insurance Exam

What key change did Proposition 103 (1988) bring to California property and casualty insurance regulation?

Eliminated all insurance regulation in California Required prior approval of property and casualty insurance rates by the CDI Created the California Earthquake Authority Established the California FAIR Plan

Correct Answer:

Required prior approval of property and casualty insurance rates by the CDI

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