SACRAMENTO, April 16, 2012 /PRNewswire/ -- The California Hispanic Chambers of Commerce (CAHCC), announced today their endorsement of the 2012 Automobile Insurance Discount Act.
"California Hispanic business owners and employees are active participants in our communities," said Julian Canete, President and CEO of the California Hispanic Chambers of Commerce. "We believe this discount act is good for business and for the consumer. It's the right thing to do."
The 2012 Automobile Insurance Discount Act will allow California consumers to participate in a discount that is already allowed in 48 other states.
"Hispanic leaders and business owners care about our consumers," continued Canete. "This initiative will give consumers control and will create more competition, lower prices and insure more Californians. We encourage people to read it."
There have been significant improvements to make the initiative more inclusive for those who are presently insured and to reach out to those who do not have insurance.
- Military personnel receive the discount.
- Individuals who have lost their job for a period of up to 18 months also qualify for the discount; as do those who lapse coverage for 90 days for any reason.
- Children living with their parent(s) will receive the same discount available to their parent(s).
- Consumers will get a discount for each year they were insured in the previous five years. For example, if you had four years of insurance you will get 80 percent of the discount. Unlike the present system, more people are protected.
The California Hispanic Chambers of Commerce (CAHCC) has a network of over 65 Hispanic chambers and business associations throughout the State of California. Through its network of Hispanic chambers and business associations, the CAHCC represents the interest of over 700,000 Hispanic business owners in California. The CAHCC is the premier and largest regional ethnic business organization in the nation that promotes the economic growth and development of Hispanic entrepreneurs and California's Emerging Businesses.
The California Hispanic Chamber of Commerce joins a growing list of supporters of the 2012 Automobile Insurance Discount Act that includes USAA (the military insurance), the American GI Forum of California, the California Republican Party and Democratic leaders Don Perata and Senator Juan Vargas.
Consumers Deserve to be Rewarded for Following the Law
SOURCE 2012 Automobile Insurance Discount Act