ARTICLE 1. Definitions [12340. - 12342.]
Article 1 repealed and added by Stats. 1973, Ch. 1130.
§§ 12340–12342 · 14 sections
- § 12340 The definitions set forth in this article shall govern the construction of the terms used in this chapter, but shall not affect any other provisions of this…
- § 12340.1 “Title insurance” means insuring, guaranteeing or indemnifying owners of real or personal property or the holders of liens or encumbrances thereon or others…
- § 12340.2 “Title policy” means any written instrument or contract by means of which title insurance liability is assumed.
- § 12340.3 “Business of title insurance” includes: (a) Issuing or proposing to issue any title policy as insurer, guarantor, or indemnitor; (b) Transacting or proposing…
- § 12340.4 “Title insurer” means any company issuing title policies as insurer, guarantor or indemnitor. “Domestic title insurer” means any title insurer organized under…
- § 12340.5 “Underwritten title company” means any corporation engaged in the business of preparing title searches, title examinations, title reports, certificates or…
- § 12340.6 (a) “Controlled escrow company” means any person, other than a title insurer or underwritten title company, whose principal business is the handling of escrows…
- § 12340.7 Except as provided in Section 12401.8, and excluding miscellaneous charges, “rate” or “rates” means the charge or charges, whether denominated premium or…
- § 12340.8 “Advisory organization” means every person or entity (other than a title insurer, underwritten title company, or controlled escrow company) which recommends or…
- § 12340.9 “Willful” or “willfully” in relation to an act or omission which constitutes a violation of this chapter means with actual knowledge or belief that such act or…
- § 12340.10 “Abstract of title” is a written representation, provided pursuant to a contract, whether written or oral, intended to be relied upon by the person who has…
- § 12340.11 “Preliminary report”, “commitment”, or “binder” are reports furnished in connection with an application for title insurance and are offers to issue a title…
- § 12340.13 “Business location” means a facility or other place of business in this state where an underwritten title company or controlled escrow company engages in the…
- § 12342 For purposes of this chapter, “holders of liens or encumbrances” includes, but is not limited to, the institutional third parties described in Sections 1452…