California's publicly-elected Insurance Commissioner regulates the sixth largest insurance economy in the world with insurers collecting more than $259 billion in premium annually in California while protecting consumers and the integrity, health and vitality of the insurance marketplace. The vision of the Department of Insurance (CDI) is "Insurance Protection for All Californians." The Department accomplishes this by enforcing insurance laws and regulations, assisting consumers in their dealings with insurers, and using innovation to improve services for insurance producers and consumers.
The CDI licenses and regulates insurance companies, agents and brokers in California. Currently, the CDI oversees and licenses approximately 1,300 insurance companies and more than 385,000 individuals and business entities as insurance agents, brokers, adjusters and bail agents. Additionally, the CDI receives and investigates approximately 250,000 consumer inquiries and complaints annually; performs examinations to ensure the financial solvency of companies; receives approximately 33,000 suspected fraudulent claim referrals annually; and works in conjunction with local, state and federal law enforcement agencies to investigate and prosecute fraudulent insurance practices.