California Law (Last Updated: March 4, 2014) |
Insurance Code - INS |
Division 2. CLASSES OF INSURANCE |
Part 6. INSURANCE COVERING LAND |
Chapter 1. Title Insurance |
ARTICLE 2. Title Insurers; Capital and Guarantee Fund Requirements |
Section 12350.
Latest version.
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Every title insurer, before issuing any policy, shall deposit $100,000 with the Insurance Commissioner or other designated official of its home State as a "guarantee fund" for the security and protection of the holders of, or beneficiaries under, its title policies.
(Amended by Stats. 1935, Ch. 292.)