Proposition 17
YES on Prop 17!
The
Insurance Agents and Brokers Association of California strongly supports Prop.
17, the Continuous Coverage Auto Insurance Discount Act, on the June 8th
ballot. The initiative allows drivers to
take their continuous coverage discount with them if they decide to change auto
insurance companies - saving drivers up to $250 a year!
What's the problem?
Under
current law, drivers who have maintained auto insurance with the same company
are eligible for a continuous coverage discount. However, a flaw in law
prohibits drivers from taking this continuous coverage discount with them if
they switch insurance companies. Responsible
drivers who maintain their insurance coverage pay a surcharge of hundreds of
dollars if they switch insurance companies, because they lose their continuous
coverage discount.
The Solution = Prop.
17
Prop.
17 ends that penalty and allows drivers to keep their continuous coverage
discount even if they change insurers. By making this discount portable, Prop. 17 will reward the more than 80%
of responsible California drivers who maintain auto insurance, as required by
law.
We
need your help TODAY to pass Prop. 17!
As
independent insurance agents, we are on the frontlines fighting for our
customers who trust us when it comes to insurance issues. Prop. 17 will allow
agents to find more competitive rates for customers and save drivers up to $250
a year. Please do you part and
talk to your friends, neighbors, family, and customers to make sure they
understand how they will benefit if Prop. 17 passes. Don't assume someone else will get them the
information they need to make an educated and informed decision - take action today!
5
easy ways you can help make sure Prop. 17 passes on June 8th: 1) Send
your customers an email about Prop. 17 to explain what Prop. 17 is and how
it will help them obtain lower rates on their auto insurance policies. Download a sample email from the Yes on 17
website and in just a few clicks of the mouse, you can make a big impact.
2) Visit
the Yes on 17 website to read more about the initiative, then talk to your
family, friends, neighbors and customers about the initiative. As a professional in the insurance field,
your trusted voice can play a pivotal role in the campaign!
3) Display
your support for Prop. 17! Download
posters directly from the Yes on 17 website to print out and hang in your
office!
4) Post
an article or a link
to Prop. 17's site on your website! When
customers visit your site, they'll be able to learn more about Prop. 17 and how
it will benefit over 80% of drivers.
5) Join the coalition,
become
a fan on Facebook or follow the
campaign on Twitter and stay updated on the fight to pass Prop. 17!
For more information
on Prop. 17, visit
www.YesProp17.org!
The California Department of
Insurance (CDI) held a public hearing (May 17th) on new proposed regulations
establishing onerous standards, training and record-keeping requirements on
homeowners' insurance valuations issued by insurance agents and brokers. CDI
claims the proposed rules are to ensure that homeowners have a more accurate
replacement value estimate for their homes in order to prevent under-insurance,
a CDI perceived problem following disasters like the California wildfires. IABAC
believes that the new regulations are unnecessary and will impose overly-burdensome
requirements on insurance producers acting as fire and casualty broker-agents
and personal lines broker-agents. Specifically, CDI is proposing the
following rules ostensibly to ensure the accuracy of homeowners' insurance
replacement value estimates:
