CA AB1608

Assessment amount changed from fixed $0.30 to amount determined by the Insurance Commissioner, not to exceed $0.30 per insured vehicle.

Distribution formula changed from fixed dollar amounts ($0.20 and $0.10) to percentage-based allocation: 66.7% for consumer service functions and 33.3% for improving consumer functions of the Department of Insurance.

Up to $0.05 of the 33.3% apportionment may be used by the Department of Insurance or Department of Motor Vehicles to inform consumers about low-cost automobile insurance programs, subject to budget approval.

All revenues continue to support rating and underwriting services, claims services, investigations bureaus, and legal services related to motor vehicle insurance.

The section expires January 1, 2015, unless extended by legislation enacted before that date.