CA SB1273

Extends the low-cost automobile insurance program from January 1, 2016 to January 1, 2020, and expands it to all California counties immediately rather than requiring county-by-county implementation assessments.

Increases vehicle value limit from $15,000 to $25,000 for policies eligible under the program and allows the CAARP Advisory Committee to adopt alternative valuation methods approved by the commissioner.

Expands eligibility to include drivers with fewer than 3 years of driving history and those holding a special driver's license under Vehicle Code Section 12801.9, while adding surcharges for these high-risk drivers.

Changes certified producer commissions from the standard CAARP private passenger rate to 12% or $50 (whichever is greater) effective with the 2015 rate setting, and allows premium payment plans of up to 20% down followed by 7 installments instead of the previous 15% down with 6 payments.

Requires the Department of Insurance to establish a consumer-oriented website by December 31, 2015 to provide referrals to certified producers and program information, and directs the CAARP Advisory Committee to develop proposals for online applications and reinstatement of canceled policies.