Motor vehicle insurance: special assessments.

Existing law imposes on an insurer a $0.30 special purpose assessment on each vehicle insured under an insurance policy issued in this state by the insurer. Existing law specifies that $0.20 of each $0.30 special purpose assessment shall be used to fund specified consumer service functions of the Department of Insurance relating to motor vehicle insurance. Existing law further specifies that the remaining $0.10 of each $0.30 assessment shall be used to fund the improvement of certain consumer functions of the department. This bill would instead require that the amount of the special purpose assessment be determined by the commissioner, and that the amount shall not exceed $0.30 per insured vehicle. The bill would require that 66.7% of the special purpose assessment be used to fund specified consumer service functions of the Department of Insurance, relating to motor vehicle insurance. The remaining 33.3% of the special purpose assessment would be used to fund the improvement of certain consumer functions of the department, relating to motor vehicle insurance.