California Insurance Code 12350 – Every title insurer, before issuing any policy, shall deposit …
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Every title insurer, before issuing any policy, shall deposit $100,000 with the Insurance Commissioner or other designated official of its home State as a “guarantee fund” for the security and protection of the holders of, or beneficiaries under, its title policies.
(Amended by Stats. 1935, Ch. 292.)
Terms Used In California Insurance Code 12350
- Commissioner: means the Insurance Commissioner of this State. See California Insurance Code 20
- State: means the State of California, unless applied to the different parts of the United States. See California Insurance Code 28