California Financial Code ARTICLE 2 - Purpose: Scope of Guarantee

• Section 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...
• Section 17311.
  (a) Persons licensed pursuant to this division shall maintain a corporation under the Nonprofit Mutual Benefit Corporation Law (Part 3 (commencing with Section 7110) of Division...
• 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 location...
• Section 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.(Amended by...
• Section 17313.1.
  The fiscal year of Fidelity Corporation shall commence on July 1 of each year.(Added by Stats. 1988, Ch. 1458, Sec. 5. Effective September 28, 1988.)
• Section 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 or...
• Section 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...
• Section 17314.2.
  Claims filed prior to the effective date of this chapter shall be governed by the provisions in effect when the loss occurred.(Added by Stats. 1988,...
• Section 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...
• Section 17315.
  The commissioner may establish rules which are reasonable and necessary to carry out the provisions of this chapter.(Added by Stats. 1982, Ch. 1106, Sec. 1.)

Last modified: October 22, 2018