Title INS, California Ins. Code

(a) Commencing March 1, 2013, and at least annually thereafter, a health insurer, not including a health insurer offering specialized health insurance policies, shall provide to the department, in a form and manner determined by the department in consultation with the Department …

Each policy of disability insurance issued or renewed on or after the effective date of this section, which policy provides benefits that accrue after a certain time of confinement in a health care facility, shall specify what constitutes a day of confinement or the number of con…

(a) Beginning on July 1, 2023, and annually thereafter, a health insurer offering a qualified health plan through the Exchange shall report to the commissioner the total amount of funds maintained in a segregated account pursuant to subdivision (a) of Section 1303 of the federal …

Any data submitted by a health insurer to the United States Secretary of Health and Human Services, or his or her designee, for purposes of the risk adjustment program described in Section 1343 of the federal Patient Protection and Affordable Care Act (42 U.S.C. Sec. 18063) shall…

On and after January 1, 1985, every insurer issuing group disability insurance which covers hospital, medical, or surgical expenses shall offer coverage for expenses incurred as a result of treatment by holders of certificates under Section 4938 of the Business and Professions Co…

(a) Except as provided in subdivisions (b) and (c), no contract that is issued, amended, renewed, or delivered on or after January 1, 1999, between a disability insurer that provides coverage for hospital, medical, or surgical benefits and a health care provider shall contain pro…

Every application for, certificate of, and policy of credit life or credit disability insurance shall set forth a statement in bold capital letters indicating that any preexisting health condition of the applicant may render the coverage void, if that is the case. For the purpose…

Every policy of individual life insurance with a face value of less than ten thousand dollars ($10,000) which is delivered or issued for delivery in this state on and after July 1, 1974, shall have printed thereon or attached thereto a notice stating that, after receipt of the po…

(a) The purpose of this section is to assure truthful and adequate disclosure of all material and relevant information in the advertising of term life insurance which the commissioner, on the basis of an assessment of the total advertisement, determines is directed to individuals…

(a) (1) Every individual life insurance policy and every individual annuity contract that is initially delivered or issued for delivery in this state on and after January 1, 1990, shall have printed on the front of the policy jacket or on the cover page a notice stating that, aft…

As used in this article, the term “liability” means liability and common carrier liability insurance. (Enacted by Stats. 1935, Ch. 145.)

As used in this article, the term “compensation” means workers’ compensation insurance. (Amended by Stats. 1981, Ch. 714, Sec. 272.)

As used in this article, the term “earned premium,” means the amount remaining of the gross premiums charged on all policies written, including all determined excess and additional premiums, after deducting the aggregate of: (a) Return premiums other than premiums returned to pol…

As used in this article, the terms “loss payments,” and “loss expense payments,” mean all payments to claimants or on account of claims. Such payments include but are not restricted to those for: (a) Medical and surgical attendance. (b) Legal expense. (c) Salaries and expenses of…

In estimating the condition of any insurer admitted to transact such liability or compensation insurance, the commissioner shall charge as liabilities, among any other items, the following: (a) All outstanding indebtedness of such insurer. (b) A premium reserve on policies in for…

An insurer transacting such compensation or liability insurance shall include the following schedules in its annual statement required by law: (a) A schedule showing distribution of unallocated liability loss expense payments. (b) A schedule showing distribution of unallocated co…

Each insurer transacting insurance covering liability for malpractice of any person licensed under the Dental Practice Act (Chapter 4 (commencing with Section 1600) of Division 2 of the Business and Professions Code), under the Medical Practice Act (Chapter 5 (commencing with Sec…

The reserve for outstanding losses and loss expenses under such liability or compensation insurance shall be determined in accordance with the regulations of the commissioner promulgated pursuant to Section 923.5. (Amended by Stats. 1982, Ch. 454, Sec. 121.)

Whenever the reserves for outstanding liability or compensation losses and loss expenses of any insurer, computed pursuant to this article, seem inadequate to the commissioner, he shall require such insurer to maintain additional reserves. (Amended by Stats. 1969, Ch. 705.)

An incorporated insurer issuing surety policies on the reserve basis shall be governed by the paid-in capital and surplus requirements of Sections 700. 01 to 700.05, inclusive. (Amended by Stats. 1953, Ch. 958.)

During the first three years following its admission, the insurer’s assets in an amount equal to its required paid-in capital shall be in cash or in the value of obligations, purchase of which is approved by the commissioner, of the United States government, any State, or any cou…

After such three-year period, investments of such insurers are subject only to the provisions of this code regulating generally the investments of other incorporated insurers issuing policies on a reserve basis. (Enacted by Stats. 1935, Ch. 145.)

An insurer admitted in the State to transact credit insurance may also acquire and dispose of debts so insured and collect any debts owed to such insurer or to any person so insured by it. In performing any such act the credit insurer shall be under the jurisdiction of the Insura…

The definitions set forth in this article shall govern the construction of the terms used in this chapter, but shall not affect any other provisions of this code. (Repealed and added by Stats. 1973, Ch. 1130.)

“Title insurance” means insuring, guaranteeing or indemnifying owners of real or personal property or the holders of liens or encumbrances thereon or others interested therein against loss or damage suffered by reason of: (a) Liens or encumbrances on, or defects in the title to s…

“Abstract of title” is a written representation, provided pursuant to a contract, whether written or oral, intended to be relied upon by the person who has contracted for the receipt of such representation, listing all recorded conveyances, instruments or documents which, under t…

“Preliminary report”, “commitment”, or “binder” are reports furnished in connection with an application for title insurance and are offers to issue a title policy subject to the stated exceptions set forth in the reports and such other matters as may be incorporated by reference …

“Business location” means a facility or other place of business in this state where an underwritten title company or controlled escrow company engages in the business of conducting escrow services. (Added by Stats. 2015, Ch. 370, Sec. 1. (AB 704) Effective January 1, 2016.)

“Title policy” means any written instrument or contract by means of which title insurance liability is assumed. (Added by Stats. 1973, Ch. 1130.)

“Business of title insurance” includes: (a) Issuing or proposing to issue any title policy as insurer, guarantor, or indemnitor; (b) Transacting or proposing to transact any phase of title insurance, including solicitation, negotiation preliminary to execution, or execution of a …

“Title insurer” means any company issuing title policies as insurer, guarantor or indemnitor. “Domestic title insurer” means any title insurer organized under the laws of this state. “Foreign title insurer” means any title insurer organized under the laws of any other jurisdictio…

“Underwritten title company” means any corporation engaged in the business of preparing title searches, title examinations, title reports, certificates or abstracts of title upon the basis of which a title insurer writes title policies. (Added by Stats. 1973, Ch. 1130.)

(a) “Controlled escrow company” means any person, other than a title insurer or underwritten title company, whose principal business is the handling of escrows of real property transactions in connection with which title policies are issued, which person, if an artificial person,…

Except as provided in Section 12401.8, and excluding miscellaneous charges, “rate” or “rates” means the charge or charges, whether denominated premium or otherwise, made to the public by a title insurer, an underwritten title company or a controlled escrow company, for all servic…

“Advisory organization” means every person or entity (other than a title insurer, underwritten title company, or controlled escrow company) which recommends or prepares policy forms or endorsements, or procedural manuals (but not including the making of rates, rating plans, or ra…

“Willful” or “willfully” in relation to an act or omission which constitutes a violation of this chapter means with actual knowledge or belief that such act or omission constitutes such violation and with specific intent to commit such violation. (Added by Stats. 1973, Ch. 1130.)…

For purposes of this chapter, “holders of liens or encumbrances” includes, but is not limited to, the institutional third parties described in Sections 1452 and 1717 of Title 12 of the United States Code. (Added by Stats. 1995, Ch. 433, Sec. 1. Effective January 1, 1996.)

This chapter may be cited as the Insurance Adjuster Act. (Added by Stats. 1980, Ch. 1190, Sec. 11. Operative July 1, 1981, by Sec. 13 of Ch. 1190.)

As used in this chapter: (a) “Commissioner” means the Insurance Commissioner. (b) “Department” means the Department of Insurance. (c) “Licensee” means a person licensed under this chapter. (d) “Manager” means the individual under whose direction, control, charge, or management th…

Nothing in this chapter shall be construed as entitling any person to practice law in this state, unless he is an active member of the State Bar of California. (Added by Stats. 1980, Ch. 1190, Sec. 11. Operative July 1, 1981, by Sec. 13 of Ch. 1190.)

The owner of a ship has in all cases an insurable interest in it, even when it has been chartered by one who agrees to pay him its value in case of loss. (Enacted by Stats. 1935, Ch. 145.)

The insurable interest of the owner of a ship hypothecated by bottomry is only the excess of its value over the amount secured by bottomry. (Enacted by Stats. 1935, Ch. 145.)

Freightage, in marine insurance, signifies all the benefit derived by the owner, either from the chartering of the ship or its employment for the carriage of his own goods or those of others. (Enacted by Stats. 1935, Ch. 145.)

The owner of a ship has an insurable interest in expected freightage which he would have certainly earned but for the intervention of a peril insured against. (Enacted by Stats. 1935, Ch. 145.)

The interest mentioned in the last section exists, in the case of a charter party, when the ship has broken ground on the chartered voyage. If a price is to be paid for the carriage of goods it exists when they are actually on board, or there is some contract for putting them on …

In marine insurance, a person who has an interest in the thing from which profits are expected to proceed, has an insurable interest in the profits. (Enacted by Stats. 1935, Ch. 145.)