Public Has a Right to Know How Insurers Choose Who is Eligible for Coverage
Today, the general counsel for the
Underwriting rules are the criteria insurance companies use to determine whom to insure, what they will insure, and whether to renew an existing policy.
"Consumers and insurers alike benefit from transparency," said Insurance Commissioner
Voters passed Proposition 103 in 1988 to lower insurance rates and encourage the public to participate in the rate-setting process. Insurance companies seeking a rate increase or decrease must submit public rate applications to the commissioner including their underwriting rules.
In the past, certain insurers have contended their underwriting rules are confidential or proprietary information and not subject to public disclosure.
In response to a request by a member of the public, the general counsel analyzed the issue and determined Proposition 103 does not allow this practice.
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