ARTICLE 4. General Provisions [17330. - 17350.]
Article 4 added by Stats. 1982, Ch. 1106, Sec. 1.
§§ 17330–17350 · 24 sections
- § 17330 Any member or successor in interest who suffers a loss may file a claim with Fidelity Corporation for the amount of the loss.
- § 17331 (a) An applicant applying for licensure as an escrow agent under this division is required to apply for a Fidelity Corporation Certificate, prepared and issued…
- § 17331.1 (a) Any person not previously issued a certificate must, upon employment with an escrow agent within this state, apply to Fidelity Corporation for a…
- § 17331.2 (a) Fidelity Corporation shall deny the application for a certificate or revoke the certificate of any person, upon any of the following grounds: (1) The…
- § 17331.3 (a) Notice to the person, and to the member with whom the person is employed, of the decision to deny an application for or to revoke or suspend a Fidelity…
- § 17332 When either Fidelity Corporation or the insurer providing the fidelity bond or insurance policy, if any, under Section 17310, or both, pay an obligation on…
- § 17333 The commissioner may forthwith upon written notice and order take possession of the property and business of Fidelity Corporation and retain possession until…
- § 17334 Whenever the commissioner has taken possession of the property and business of Fidelity Corporation, Fidelity Corporation within 10 business days after the…
- § 17335 An appeal may be taken from the judgment of the court by the commissioner or by Fidelity Corporation in the manner provided by law for appeals from the…
- § 17336 (a) Fidelity Corporation shall have independent authority to investigate claims filed by members pursuant to Section 17330. (b) Fidelity Corporation, upon…
- § 17337 Fidelity Corporation may invest its funds only as provided by rules of the commissioner adopted with a view to preserving reasonable liquidity. Upon request of…
- § 17339 Prior to incurring any extraordinary or nonrecurring expense, Fidelity Corporation shall first obtain the written consent of the commissioner.
- § 17340 In the event the board of directors of Fidelity Corporation deem it necessary and prudent to raise additional moneys for payment of claims or expenses of…
- § 17341 The commissioner shall give prompt notice to Fidelity Corporation when the commissioner takes possession of the property and business of a member and shall…
- § 17342 Memberships issued by Fidelity Corporation shall be nontransferable and shall be exempt from the provisions of the Corporate Securities Law of 1968.
- § 17343 No provision of the Insurance Code shall apply to Fidelity Corporation.
- § 17344 The operation of Fidelity Corporation shall at all times be subject to the regulation of the commissioner and the commissioner’s duly designated…
- § 17345 Any member aggrieved by any action or decision of Fidelity Corporation may appeal to the commissioner within 30 days from the action or decision, except that…
- § 17345.1 (a) A member or successor in interest aggrieved by any action or decision of Fidelity Corporation may file a written request for a hearing with the…
- § 17346 (a) Fidelity Corporation and its members shall not advertise, print, display, publish, distribute, or broadcast, or cause or permit to be advertised, printed,…
- § 17347 (a) The Secretary of State shall not file articles for the incorporation of Fidelity Corporation or an amendment to the articles unless the commissioner has…
- § 17348 In order to permit Fidelity Corporation to fulfill its obligation under this chapter, the commissioner shall furnish a list of all persons licensed under this…
- § 17349 If Fidelity Corporation is dissolved, subject to the approval of the commissioner, the net assets after settling all liabilities shall be distributed to the…
- § 17350 All costs and expenses incurred by the commissioner in the administration of this chapter shall be paid to the commissioner by Fidelity Corporation. The…