A title insurer shall not transact any insurance in this state unless it has paid-in capital represented by shares of stock of at least five hundred thousand dollars ($500,000).
Cal. Ins. Code § 12359
Title Insurers; Capital and Guarantee Fund Requirements
Amended by Stats. 1981, Ch. 479, Sec. 2.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.