---
title: California Issues Bulletin Regarding the Increase in Financial Responsibility Limits
description: N/A
image: https://aaisviews.aaisonline.com/hubfs/Compliance%20Alert/GLC%20Compliance%20Blog%20Features%20v2%20-%20CA.jpg
---

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## Compliance Alerts

## [California Issues Bulletin Regarding the Increase in Financial Responsibility Limits](https://aaisviews.aaisonline.com/compliance-alerts/california-issues-bulletin-regarding-the-increase-in-financial-responsibility-limits)

 Apr 17, 2023 / by [AAIS](https://aaisviews.aaisonline.com/compliance-alerts/author/aais)

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On January 30, 2023, the California Department of Insurance (CDI) issued [Bulletin 2023-1](http://www.insurance.ca.gov/0250-insurers/0300-insurers/0200-bulletins/bulletin-notices-commiss-opinion/upload/bulletin-2023-1-re-sb-1107-final-003.pdf) related to the increase in private passenger motor vehicle financial responsibility requirements, pursuant to [Senate Bill 1107](https://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=202120220SB1107).

The updates to the financial responsibility laws from Senate Bill 1107 (Dodd, Chapter 717, Statutes of 2022) go into effect on or before January 1, 2025. As a result, the CDI Bulletin reminds all auto liability insurers of their current obligation to file Prior Approval Rate Applications with the CDI's Rate Regulation Branch **no later than July 1, 2023**. It also provides an overview of Senate Bill 1107 and offers insurers some guidance on the implementation of this new law.

Questions related to the Bulletin should be directed to Lisbeth Landsman-Smith, Senior Staff Counsel, [Lisbeth.Landsman@insurance.ca.gov](mailto:Lisbeth.Landsman@insurance.ca.gov), (916) 492-3561.

 

[Link to Bulletin 2023-1](http://www.insurance.ca.gov/0250-insurers/0300-insurers/0200-bulletins/bulletin-notices-commiss-opinion/upload/bulletin-2023-1-re-sb-1107-final-003.pdf)

[Link to Senate Bill 1107](https://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=202120220SB1107)

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