 | |
 CDI headquarters at 300 Capitol Mall in Sacramento | |
| Agency overview | |
|---|---|
| Formed | 1868 |
| Headquarters | 300 Capitol Mall, Suite 1700 Sacramento, California |
| Employees | 1,403 |
| Annual budget | $287 million (2018–2019) |
| Agency executive | |
| Website | www.insurance.ca.gov |
The California Department of Insurance (CDI), established in 1868, is the agency charged with overseeing insurance regulations, enforcing statutes mandating consumer protections, educating consumers, and fostering the stability of insurance markets in California. The CDI has authority over how the insurance industry conducts business within California, and licenses and regulates the rates and practices of insurance companies, agents, and brokers in the state.
Continuing education for insurance professionals is regulated by each state's Department for Insurance, although there are commonalties across the states. See Insurance Continuing Education.
CDI has over 1,300 employees charged with the responsibility of protecting consumer interests. Its budget is primarily derived from funds generated by license fees, assessments, and Proposition 103 recoupment fees. The CDI licenses over 1,500 insurance companies and more than 320,000 insurance agents and insurance brokers in the state of California, United States. The current California Insurance Commissioner is Ricardo Lara.