©2010 Insurance Forum 1
The Three Rate Regulatory Systems
Open Competition
File and Use
Prior Approval
©2010 Insurance Forum 2
Trend One: Prior Approval of
Property Casualty Rates
©2010 Insurance Forum 3
California Proposition 103
Why does it matter?
The Consumer Federation of America calls Proposition
103’s prior approval rate regulatory system the “finest in
the nation at protecting insureds” and continues efforts
to replicate it elsewhere.
