§ 12350
41 words·~1 min read·
/ca/insurance-code/12350A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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.