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The American Agents Alliance announced this week they had submitted for title and summary an automobile insurance discount initiative. The new measure is similar to Proposition 17, which lost by 2 percentage points in the 2010 election.
“The way the law is written now rewards insurance companies,” said Mike D’Arelli, Executive Director of the American Agents Alliance. “We believe that giving the consumers control over their discounts will increase competition between insurance companies, lower costs, and insure more people.”
“After listening to the voters, our clients, and even our opposition, we realized that the new initiative needed to be written with greater clarity. There are new provisions that protect the continuous coverage history of our men and women in the military, those who suffered from the economic downturn, young drivers on the cusp of leaving home, and allow proportional coverage for the whole years in the preceding five years in which a person was insured,” said D’Arelli.
The Alliance said they expect to have same support they received on Prop. 17. In addition they have begun working with USAA Insurance, the military insurance company, and others who opposed their 2010 effort.
According to the Sacramento Bee, once a title and summary is drafted by the attorney general's office, proponents will have 150 days to collect and submit the 504,760 valid voter signatures needed to qualify for the next statewide ballot. Click here to read the cover letter and fulll text of the initiative.