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2020 California Code
Insurance Code - INS
DIVISION 2 - CLASSES OF INSURANCE
PART 6 - INSURANCE COVERING LAND
CHAPTER 1 - Title Insurance
ARTICLE 4.5 - Business Plans
Section 12397.
Universal Citation:
CA Ins Code § 12397 (2020)
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12397.
Any applicant for a license shall indicate the applicant’s intent to actively compete in the marketplace for title insurance in each county in which the applicant seeks to or does conduct the business of title insurance. The failure to so indicate shall constitute grounds for denial of the license. Each applicant for a license shall also demonstrate that its plan of operation and intended course of business conduct will not involve reliance for more than 50 percent of its closed title orders from controlled business sources.
(Added by Stats. 1989, Ch. 344, Sec. 1.)
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