SECTIONS 12390-12394 - California Statutes

INSURANCE CODE

SECTION 12390-12394

12390. Every domestic title insurer may issue title policies and
may also insure:
(a) The identity, due execution, and validity of any note or bond
secured by mortgage.
(b) The identity, due execution, validity and recording of any
such mortgage.
(c) The identity, due execution and validity of evidences of
indebtedness issued by this State, or by any political subdivision or
district therein, or by any private or public corporation.

12391. Such insurer also may:
(a) Act as registrar or transfer agent of this State, or of any
political subdivision or district therein, or of any private or
public corporation.
(b) Transfer or countersign any evidences of indebtedness which it
may insure.
(c) Transfer or countersign certificates of stock of any private
or public corporation.

12394. A title insurer, as to its title insurance department, shall
be subject to and shall comply with all the requirements of the
insurance laws and the rules and regulations of the commissioner. It
may invest its assets apportioned to its title insurance department,
and the accumulations therefrom, in the manner in which the assets of
title insurers are allowed by the laws of this state to be invested.