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ARTICLE 1 - Definitions
Section 12340. - 12340. The definitions set forth in this article shall govern...
Section 12340.1. - 12340.1. “Title insurance” means insuring, guaranteeing or indemnifying owners of...
Section 12340.2. - 12340.2. “Title policy” means any written instrument or contract by...
Section 12340.3. - 12340.3. “Business of title insurance” includes: (a) Issuing or proposing...
Section 12340.4. - 12340.4. “Title insurer” means any company issuing title policies as...
Section 12340.5. - 12340.5. “Underwritten title company” means any corporation engaged in the...
Section 12340.6. - 12340.6. (a) “Controlled escrow company” means any person, other than...
Section 12340.7. - 12340.7. Except as provided in Section 12401.8, and excluding miscellaneous...
Section 12340.8. - 12340.8. “Advisory organization” means every person or entity (other than...
Section 12340.9. - 12340.9. “Willful” or “willfully” in relation to an act or...
Section 12340.10. - 12340.10. “Abstract of title” is a written representation, provided pursuant...
Section 12340.11. - 12340.11. “Preliminary report”, “commitment”, or “binder” are reports furnished in...
Section 12340.13. - 12340.13. “Business location” means a facility or other place of...
Section 12342. - 12342. For purposes of this chapter, “holders of liens or...
ARTICLE 2 - Title Insurers; Capital and Guarantee Fund Requirements
Section 12350. - 12350. Every title insurer, before issuing any policy, shall deposit...
Section 12351. - 12351. Any such deposit may be made either in lawful...
Section 12352. - 12352. If the deposit is made in this state, it...
Section 12353. - 12353. Except as provided in section 12355, assets in such...
Section 12354. - 12354. As long as the depositing insurer continues solvent, it...
Section 12355. - 12355. Except on withdrawal of the insurer from this State,...
Section 12356. - 12356. When any part of the assets to be deposited...
Section 12357. - 12357. Unless the mortgage is covered by mortgage insurance, the...
Section 12358. - 12358. The reasonable cost of examining such evidence of title...
Section 12359. - 12359. A title insurer shall not transact any insurance in...
Section 12360. - 12360. An insurer which anywhere in the United States transacts...
ARTICLE 3 - Title Insurers: Finances and Investments
Section 12370. - 12370. Every title insurer shall annually set apart a sum...
Section 12371. - 12371. The title insurance surplus fund shall be maintained as...
Section 12372. - 12372. Any such domestic insurer, after having its required capital...
Section 12372.5. - 12372.5. Notwithstanding the provisions of Section 12372, where a title...
Section 12373. - 12373. A title insurer shall not make any dividends except...
Section 12374. - 12374. Except as otherwise authorized by subdivision (g) of Section...
Section 12375. - 12375. Whenever a title insurer, upon withdrawing from insurance business...
Section 12376. - 12376. (a) If an underwritten title company is placed into...
Section 12377. - 12377. (a) All escrow funds received by an underwritten title...
ARTICLE 3.5 - Unearned Premium Reserve and Reserve for Unpaid Losses and Loss Expense
Section 12380. - 12380. Unless the provision or context otherwise requires, the following...
Section 12381. - 12381. Every domestic title insurer shall, in addition to other...
Section 12382. - 12382. The unearned premium reserve of every title insurer shall...
Section 12382.2. - 12382.2. (a) Out of total charges for policies of title...
Section 12382.3. - 12382.3. The aggregate amount set aside in the unearned premium...
Section 12382.4. - 12382.4. For the purpose of determining the amounts of the...
Section 12382.5. - 12382.5. (a) The aggregate of the amounts set aside in...
Section 12382.6. - 12382.6. If substantially the entire outstanding liability under all policies...
Section 12383. - 12383. All amounts set aside in the unearned premium reserve...
Section 12384. - 12384. If the aggregate amount set aside by a title...
Section 12385. - 12385. If a title insurer shall at any time become...
Section 12386. - 12386. In the event that reinsurance is not obtained, as...
Section 12387. - 12387. Where a title insurer organized or incorporated under the...
Section 12388. - 12388. Every title insurer shall, in addition to other reserves...
ARTICLE 3.7 - Underwritten Title Companies
Section 12389. - 12389. (a) On and after July 1, 2016, an underwritten...
Section 12389.1. - 12389.1. Before granting a license or a reissued license to...
Section 12389.2. - 12389.2. After the issuance or reissuance of a license to...
Section 12389.3. - 12389.3. When there exists a restriction in a stock certificate...
Section 12389.4. - 12389.4. An underwritten title company shall furnish a quarterly financial...
Section 12389.5. - 12389.5. Every person engaged in the business of preparing title...
Section 12389.6. - 12389.6. (a) Prior to the disbursement by an underwritten title...
Section 12389.7. - 12389.7. (a) Sections 1070, 1070.5, 1070.6, 1071.5, 1072, and 1076...
ARTICLE 4 - General Powers
Section 12390. - 12390. Every domestic title insurer may issue title policies and...
Section 12391. - 12391. Such insurer also may: (a) Act as registrar or...
Section 12394. - 12394. A title insurer, as to its title insurance department,...
ARTICLE 4.5 - Business Plans
Section 12396. - 12396. (a) For purposes of this article, “controlled business source”...
Section 12397. - 12397. Any applicant for a license shall indicate the applicant’s...
Section 12397.5. - 12397.5. (a) Each licensee shall make submissions as are required...
Section 12398. - 12398. The failure of an applicant or licensee to comply...
Section 12399. - 12399. Nothing in this article shall limit or preclude the...
ARTICLE 5 - Exemptions
Section 12400. - 12400. The provisions of subdivision (f) of Section 381, and...
Section 12400.1. - 12400.1. Article 5.6 (commencing with Section 1875.20) of Chapter 12...
Section 12400.5. - 12400.5. A title insurance company or underwritten title company engaged...
ARTICLE 5.5 - Rate Filing and Regulation
Section 12401. - 12401. The purpose of this article is to promote the...
Section 12401.1. - 12401.1. Every title insurer, underwritten title company, and controlled escrow...
Section 12401.2. - 12401.2. Every title insurer, underwritten title company and controlled escrow...
Section 12401.3. - 12401.3. The following standards shall apply to the making and...
Section 12401.4. - 12401.4. In order to further uniform administration of rate regulatory...
Section 12401.5. - 12401.5. As a further aid to uniform administration of rate...
Section 12401.6. - 12401.6. Nothing in this article shall be construed to prohibit...
Section 12401.7. - 12401.7. No title insurer, underwritten title company or controlled escrow...
Section 12401.71. - 12401.71. (a) Notwithstanding Sections 12401.1 and 12401.7, a title insurer,...
Section 12401.8. - 12401.8. Charges in excess of those set forth in a...
Section 12401.9. - 12401.9. The schedules of rates which are required to be...
Section 12401.10. - 12401.10. Nothing in this article shall require the filing of...
ARTICLE 5.7 - Advisory Organizations
Section 12402. - 12402. No advisory organization shall conduct its operations in this...
Section 12402.1. - 12402.1. Every advisory organization shall adopt bylaws or rules and...
Section 12402.2. - 12402.2. No bylaw or rule or regulation required by Section...
ARTICLE 6 - Rebates and Commissions
Section 12404. - 12404. (a) It is unlawful for any title insurer, underwritten...
Section 12404.1. - 12404.1. The furnishing of a preliminary report by any title...
Section 12404.5. - 12404.5. As used in this section “personal or controlled insurance”...
Section 12405. - 12405. No title insurer, no controlled escrow company, and no...
Section 12405.7. - 12405.7. In addition to other acts prohibited by this article,...
Section 12406. - 12406. No title insurer shall issue any title policy in...
Section 12406.5. - 12406.5. (a) The commissioner shall develop, publish, and disseminate a...
Section 12407. - 12407. The commissioner, if he has reason to believe that...
Section 12408. - 12408. Every title insurer shall include in its annual statement...
Section 12408.1. - 12408.1. Whenever a title insurer terminates its underwriting agreement with...
Section 12408.5. - 12408.5. (a) Notwithstanding any other provision of this article no...
Section 12409. - 12409. (a) Every title insurer, controlled escrow company, and underwritten...
Section 12410. - 12410. In enforcing any of the provisions of this article,...
Section 12411. - 12411. The commissioner may after a hearing suspend or revoke...
Section 12412. - 12412. Nothing in this article prohibits the division of fees...
Section 12413.1. - 12413.1. No title insurance company, controlled escrow company, or underwritten...
Section 12413.2. - 12413.2. Any item or draft received by a title insurance...
Section 12413.5. - 12413.5. All funds received in connection with any escrow conducted...
ARTICLE 6.7 - Hearings, Procedure, and Judicial Review
Section 12414.13. - 12414.13. Any person aggrieved by any rate charged, rating plan...
Section 12414.14. - 12414.14. If after examination of a title insurer, an underwritten...
Section 12414.15. - 12414.15. If the commissioner has good cause to believe such...
Section 12414.16. - 12414.16. If after a hearing pursuant to Section 12414.15 the...
Section 12414.17. - 12414.17. In addition to other penalties provided in this code,...
Section 12414.18. - 12414.18. Except as otherwise provided in this chapter, all proceedings...
Section 12414.19. - 12414.19. Any finding, determination, rule, ruling, or order made by...
ARTICLE 6.9 - Examinations, Penalties and Miscellaneous
Section 12414.20. - 12414.20. The commissioner may, as often as may be reasonable...
Section 12414.21. - 12414.21. The commissioner may, pursuant to reasonable rules and regulations...
Section 12414.22. - 12414.22. The officers, managers, agents, and employees of any advisory...
Section 12414.23. - 12414.23. The reasonable cost of any examination authorized by this...
Section 12414.24. - 12414.24. No person, title insurer, underwritten title company, controlled escrow...
Section 12414.25. - 12414.25. (a) Any person, title insurer, underwritten title company, or...
Section 12414.26. - 12414.26. No act done, action taken, or agreement made pursuant...
Section 12414.27. - 12414.27. Commencing 120 days following January 1, 1974, no title...
Section 12414.28. - 12414.28. All title policies issued by title insurers shall be...
Section 12414.29. - 12414.29. The administration and enforcement of Article 5.5 (commencing with...
Section 12414.30. - 12414.30. (a) When constituting an offer to issue an owner’s...
Section 12414.31. - 12414.31. (a) (1) Whenever the commissioner takes any formal enforcement...
ARTICLE 7 - Annual Renewal Fees
Section 12415. - 12415. It is the intent of the Legislature that certificated...
Section 12416. - 12416. Each certificated title insurer possessing a certificate of authority...
Section 12417. - 12417. The annual renewal fee provided by this article is...
ARTICLE 8 - Title Insurance Representatives
Section 12418. - 12418. (a) No person shall be employed as a title...
Section 12418.1. - 12418.1. (a) A certificate of registration as a title marketing...
Section 12418.2. - 12418.2. (a) An applicant or holder of a certificate of...
Section 12418.3. - 12418.3. (a) Each certificate of registration issued under this article...
Section 12418.4. - 12418.4. (a) Sections 1667, 1668, 1669, 1670, 1729, 1729.2, 1738,...