California Insurance Code 12408 – Every title insurer shall include in its annual statement furnished …
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Every title insurer shall include in its annual statement furnished the commissioner pursuant to Article 10 (commencing with Section 900), Chapter 1, Part 2, Division 1 of this code, the name of each person which is a controlled escrow company or underwritten title company by reason of its relationship with such title insurer.
(Amended by Stats. 1967, Ch. 689.)
Terms Used In California Insurance Code 12408
- Commissioner: means the Insurance Commissioner of this State. See California Insurance Code 20
- Escrow: Money given to a third party to be held for payment until certain conditions are met.
- Person: means any person, association, organization, partnership, business trust, limited liability company, or corporation. See California Insurance Code 19