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CA Proposition 33: Auto Insurance Companies
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| Parents |
> United States > California > Propositions > 2012 Referendums > Prop 33 - Auto Insurance Companies
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| Office | Referendum |
| Honorific | Referendum - Abbr: |
| Type | Referendum |
| Filing Deadline | March 19, 2012 - 12:00pm Central |
| Polls Open | November 06, 2012 - 09:00am Central |
| Polls Close | November 06, 2012 - 10:00pm Central |
| Term Start | November 07, 2012 - 12:00am |
| Term End | December 31, 9999 - 12:00pm |
| Turnout |
67.13% Registered
32.88% Total Population
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| Contributor | RBH |
| Last Modified | RBH December 14, 2012 08:29pm |
| Data Sources | [Link] |
| Description |
AUTO INSURANCE COMPANIES. PRICES BASED ON DRIVER’S HISTORY OF INSURANCE COVERAGE.
INITIATIVE STATUTE.
• Changes current law to allow insurance companies to set prices based on whether the driver
previously carried auto insurance with any insurance company.
• Allows insurance companies to give proportional discounts to drivers with some history of prior
insurance coverage.
• Will allow insurance companies to increase cost of insurance to drivers who have not maintained
continuous coverage.
• Treats drivers with lapse as continuously covered if lapse is due to military service or loss of
employment, or if lapse is less than 90 days.
Summary of Legislative Analyst’s Estimate of Net State and Local Government Fiscal Impact:
• Probably no significant fiscal effect on state insurance premium tax revenues.
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