California Insurance Code ARTICLE 3 - Title Insurers: Finances and Investments

• Section 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...
• Section 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...
• Section 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...
• Section 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...
• Section 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...
• Section 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...
• Section 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 surplus...
• Section 12376.
  (a) If an underwritten title company is placed into bankruptcy, receivership, or conservation by the commissioner, each title insurer operating under an underwriting agreement with the...
• Section 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...

Last modified: October 22, 2018