California Insurance Code 12340.4 – “Title insurer” means any company issuing title policies as insurer, …
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“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.
Terms Used In California Insurance Code 12340.4
- Guarantor: A party who agrees to be responsible for the payment of another party's debts should that party default. Source: OCC
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
- State: means the State of California, unless applied to the different parts of the United States. See California Insurance Code 28
“Foreign title insurer” means any title insurer organized under the laws of any other jurisdiction.
(Added by Stats. 1973, Ch. 1130.)