February 2, 2009
  Source:  WorkInjury.com, Dept of Ins.
  ---------------------------------------

State Fees to CA Insurers To Be Cut 6%   Insurance Commissioner Steve Poizner announced a number of fee reductions last week resulting in $10.3 million in annual savings including a six percent fee reduction for more than 300,000 licensed insurance agents, brokers and adjusters -- the vast majority of whom work in California's small businesses. "It's important for government to operate as efficiently as possible - and this is especially true in tough economic times," said Commissioner Poizner. "After completing a top down review and implementing a permanent 10 percent cut in the Department's budget, we are able to reduce the fees CDI charges. This is great news for the thousands of small businesses and individuals who pay these fees." The six percent reduction will apply to hundreds of fees charged by CDI. The most common fee is paid by agents, brokers and adjusters for their licenses. Going forward, the cost of renewing a license will decrease from $144 to $135. The total savings for license renewals alone will be $3.5 million annually. [Oh, and did we mention that Commissioner Poizner is running for governor?] For the Commissioner's full press release, including all fees being reduced, → CLICK HERE.    [If links don't work, let us know!]

 

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