ARTICLE 2. Purpose: Scope of Guarantee [17310. - 17315.]

Article 2 added by Stats. 1982, Ch. 1106, Sec. 1.

§§ 17310–17315 · 10 sections

• § 17310 (a) It shall be the purpose of Fidelity Corporation to indemnify a member within the State of California against loss, subject to the limitations set forth in…
• § 17311 (a) Persons licensed pursuant to this division shall maintain a corporation under the Nonprofit Mutual Benefit Corporation Law (Part 3 (commencing with Section…
• § 17312 (a) Each person licensed pursuant to this division who is engaged in the business of receiving escrows specified in subdivision (c) and whose escrow business…
• § 17313 The commissioner shall review and approve the articles of incorporation and bylaws of Fidelity Corporation before they are filed with the Secretary of State.
• § 17313.1 The fiscal year of Fidelity Corporation shall commence on July 1 of each year.
• § 17314 (a) Fidelity Corporation shall pay a member for loss of trust obligations subject to the limitations set forth in this chapter. Fidelity Corporation shall pay…
• § 17314.1 (a) Notwithstanding any other provision of this article, Fidelity Corporation shall not be obligated to pay any claim made by a member unless (1) the claim…
• § 17314.2 Claims filed prior to the effective date of this chapter shall be governed by the provisions in effect when the loss occurred.
• § 17314.3 (a) A deductible shall apply to each loss suffered by a member in the amount of five thousand dollars ($5,000), plus 5 percent of the amount by which the loss…
• § 17315 The commissioner may establish rules which are reasonable and necessary to carry out the provisions of this chapter.