ARTICLE 3. Title Insurers: Finances and Investments

Article 3 enacted by Stats. 1935

§§ 12370–12377 · 9 sections

• § 12370 Every title insurer shall annually set apart a sum equal to 10 percent of its premiums collected during the year. Such sums shall be allowed to accumulate…
• § 12371 The title insurance surplus fund shall be maintained as a further security to holders and beneficiaries of the title policies issued by the insurer. If all or…
• § 12372 Any such domestic insurer, after having its required capital paid in and depositing its required guarantee fund with the State Treasurer, may invest its funds…
• § 12372.5 Notwithstanding the provisions of Section 12372, where a title plant is not being currently maintained, the asset value of such plant shall not exceed its…
• § 12373 A title insurer shall not make any dividends except from profits remaining on hand after retaining unimpaired assets aggregating in value an amount equal to…
• § 12374 Except as otherwise authorized by subdivision (g) of Section 1105, a title insurer shall not directly or indirectly make a loan from its assets to any of its…
• § 12375 Whenever a title insurer, upon withdrawing from insurance business in this State, desires to reinsure its policies with a title insurer whose “title insurance…
• § 12376 (a) If an underwritten title company is placed into bankruptcy, receivership, or conservation by the commissioner, each title insurer operating under an…
• § 12377 (a) All escrow funds received by an underwritten title company that are subject to Section 12413.5 shall not be considered part of the estate of the…