Bulletin 2026-9: Revocation of Bulletin 2024-7

RICARDO LARA CALIFORNIA INSURANCE COMMISSIONER

BULLETIN 2026-9 TO: All Admitted Property and Casualty Insurers subject to the provisions of Proposition 103

FROM: Insurance Commissioner Ricardo Lara

DATE: October 29, 2026

RE: Implementation of the Comprehensiveness Review Regulations and Revocation of Bulletin 2024-7

On August 9, 2024, I issued Bulletin 2024-7 as part of my Sustainable Insurance Strategy, the most significant modernization of California’s insurance framework in decades. One important goal of this strategy included increasing the transparency and speed of complete rate change application review and approval times under Prop. 103. In order to achieve this goal, my Department finalized the Comprehensiveness Review Regulation1, thus establishing a new, voluntary, and unprecedented transparent process for analyzing proposed insurance rates for personal and commercial lines prior to any approval under Prop. 103. For the first time, under this final regulation, consumers will be able to see how Department rate regulation experts analyze insurance companies’ rate requests, challenge unsupported assumptions, and prevent policyholders from paying more than the law allows. On October 15, 2026, this regulation took effect, thus superseding Bulletin 2024-7; therefore, Bulletin 2024-7 is no longer in effect, effective immediately. Insurers planning to use the new Comprehensiveness Review process can view instructions specific to that process on my Department’s website here. The PARA Portal, which shall be used for all eligible application submittals, can also be accessed on the Department’s website here. Insurers planning to continue relying on the legacy prior approval rate review process can also view updated instructions on the Department’s website.

1 See Cal. Code Regs., tit. 10, §§ 2644.29, 2648.2.2.

#1598422.1 For an initial FAQ, please submit any questions regarding the new Comprehensiveness Review process to [email protected] by November 10, 2026. My Department staff will post that FAQ in response to timely and relevant submitted questions regarding the new Comprehensiveness Review process to the Department’s website by November 30, 2026.

#1598422.1