What kind of insane system have we got where the bloody insurance commissioner can't examine the books of a state-owned insurance company? And where the hell is the legislature on this? They ought to be hauling the State Fund execs up for a public flogging in committeee hearings.
Every time I think I've heard the ultimate nutty thing about California government, it tops itself.
They probably want access to underwriting criteria. The state isn’t entitled to underwriting criteria (in any line of insurance that I’m aware of) and they know it. They’re entitled to everything else though – and his DOI has to approve *every* rate change or rate proposal before it can be implemented - complete with explanation and evidence as to why the changes are necessary.
Those filings are public information. You could personally go to your state DOI and request the (whatever-date) filing from (whatever-company) and read it for yourself.
But that’s a distraction from the fact that, IMO, Garamendi is one of the biggest fools in the state. That’s quite an accomplishment.