California Insurance Industry - Governance, Risk and Compliance

The publisher's ‘California Insurance Industry - Governance, Risk and Compliance’ 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 the publisher'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 country. The report also includes the scope of non-admitted insurance in the country.

Key Highlights

The CDI regulates the Californian insurance industry
Composite insurance is not permitted in California
The Californian insurance industry permits 100% FDI
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

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 country’s insurance regulatory framework
Key regulations and market practices related to different types of insurance product in the country
Rules and regulations pertaining to key classes of compulsory insurance, and the scope of non-admitted insurance in the country
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 country

Scope

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 country
The report provides details of taxation imposed on insurance products and insurance companies

Reasons to Buy

Provides FAQ-style analytical insights comprising 129 knowledge elements on insurance compliance applicable to the state
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 country
Understand key regulations and market practices pertaining to various types of insurance product

1 INTRODUCTION

1.1 What is this Report About?
1.2 Definitions

2 GOVERNANCE, RISK AND COMPLIANCE

2.1 Legislation Overview and Historical Evolution
2.2 Latest Changes in Regulation
2.3 Legislation and Market Practice by Type of Insurance
2.3.1 Life insurance
2.3.2 Property insurance
2.3.3 Motor insurance
2.3.4 Liability insurance
2.3.5 Marine, aviation and transit insurance
2.3.6 Personal accident and health insurance
2.4 Compulsory Insurance
2.4.1 Motor third-party liability insurance
2.4.2 Social Insurance System
2.4.3 Aviation third-party liability insurance
2.4.4 Health insurance
2.4.5 Liability insurance for transportation network companies
2.5 Supervision and Control
2.5.1 International Association of Insurance Supervisors
2.5.2 National Association of Insurance Commissioners
2.5.3 Federal Insurance Office
2.5.4 American Insurance Association
2.5.5 National Association of Mutual Insurance Companies
2.5.6 Property Casualty Insurers of America
2.5.7 Reinsurance Association of America
2.5.8 California Department of Insurance
2.5.9 Association of California Life and Health Insurance Companies
2.5.10 Personal Insurance Federation of California
2.6 Non-Admitted Insurance Regulations
2.6.1 Overview
2.6.2 Intermediaries
2.6.3 Market practices
2.6.4 Fines and Penalties
2.7 Company Registration and Operations
2.7.1 Type of insurance organization
2.7.2 Establishing a local company
2.7.3 Foreign ownership
2.7.4 Types of license
2.7.5 Capital requirements
2.7.6 Solvency margin
2.7.7 Reserve requirements
2.7.8 Investment regulations
2.7.9 Statutory return requirements
2.7.10 Fee structure
2.8 Taxation
2.8.1 Insurance premium or policy taxation
2.8.2 Withholding taxes on premium paid overseas
2.8.3 Corporate tax
2.8.4 VAT
2.8.5 Captives
2.9 Legal System
2.9.1 Introduction
2.9.2 Access to court
2.9.3 Alternative dispute resolution

3 APPENDIX

3.1 Methodology
3.2 Contact the Publisher
3.3 About the Publisher
3.4 The Publisher's Services
3.5 Disclaimer

List of Tables

Table 1: Insurance Industry Definitions
Table 2: The US - California - Insurance Regulatory Framework Key Features
Table 3: The US - California - Life Insurance Regulatory Framework
Table 4: The US - California - Property Insurance Regulatory Framework
Table 5: The US - California - TRIP Highlights
Table 6: The US - California - Motor Insurance Regulatory Framework
Table 7: The US - California - Liability Insurance Regulatory Framework
Table 8: The US - California Tax Rates for the Financial Year 2020
Table 9: The US - California - Statutory Membership in Insurance Associations
Table 10: The US - California - Minimum Paid-up Share Capital Requirements for Non-life Insurers
Table 11: The US - California - Minimum Paid-up Share Capital Requirements for Life Insurers
Table 12: The US - California - Authorization Fee for Insurers-2020
Table 13: The US - California - License Fee for insurance intermediaries-2020
Table 14: The US - California - Corporate Tax Rates for the Financial Year 2020

List of Figures

Figure 1: The US - California - Insurance Supervision and Control at Various Levels
Figure 2: The US - California - Insurance Regulatory Frameworks for Company Registration and Operation

License	Format	Properties	Price
SINGLE USER LICENSE PDF	The product is a PDF.	This is a single user license, allowing one user access to the product.	€932EUR$950USD£780GBP
SITE LICENSE PDF	The product is a PDF.	This is a site license, allowing all users within a given geographical location of your organization access to the product.	€1399EUR$1,425USD£1,169GBP
ENTERPRISE LICENSE PDF	The product is a PDF.	This is an enterprise license, allowing all employees within your organization access to the product.	€1865EUR$1,900USD£1,559GBP

Key Highlights

Scope

Reasons to Buy

Table of Contents

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