Terms Used In California Codes > Insurance Code > Division 1 > Part 2 > Chapter 1 > Article 7.3 - Servicing of Insurance Contracts

• Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
• Commissioner: means the Insurance Commissioner of this State. See California Insurance Code 20
• Contract: A legal written agreement that becomes binding when signed.
• County: includes city and county. See California Harbors and Navigation Code 14
• Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
• Person: means any person, association, organization, partnership, business trust, limited liability company, or corporation. See California Insurance Code 19
• Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
• Resident: means residing in this State, "nonresident" means not residing in this State. See California Insurance Code 30
• State: means the State of California, unless applied to the different parts of the United States. See California Insurance Code 28
• Vessel: includes ships of all kinds, steamboats, steamships, canal boats, barges, sailing vessels, and every structure adapted to be navigated from place to place for the transportation of merchandise or persons. See California Harbors and Navigation Code 21