Cal. Code Regs. tit. 10 § 2355.3

Current through Register 2024 Notice Reg. No. 21, May 24, 2024

Section 2355.3 - Disclosure to Consumer of Available Discounts

At the time a title insurer, underwritten title company, or controlled escrow company delivers escrow instructions or issues a preliminary report or commitment, a form enumerating each discount available under such company's rate filing shall be provided. A copy of the form shall be retained by the company for a period of three years. Neither provision nor acceptance of the form shall constitute waiver of the consumer's right to be charged the filed rate. This section shall apply only to transactions involving property improved with a one to four family residential dwelling. No disclosure is required if the insurer's rate filing does not include discounts.

Cal. Code Regs. Tit. 10, § 2355.3

1. New section filed 7-26-2007; operative 11-23-2007 pursuant to Government Code section 11343.4(b) (Register 2007, No. 30).
2. Repealer of section 2355.3 and renumbering and amendment of former section 2359.4 to new section 2355.3 filed 8-4-2009; operative 9-3-2009 (Register 2009, No. 32).

Note: Authority cited: Sections 12389, 12397.5, 12401.3, 12401.5 and 12414.21, Insurance Code; and 20th Century Ins. Co. v. Garamendi (1994) 8 Cal.4th 216. Reference: Sections 12401.1 and 12401.2, Insurance Code.

1. New section filed 7-26-2007; operative 11-23-2007 pursuant to Government Code section 11343.4(b) (Register 2007, No. 30).
2. Repealer of section 2355.3 and renumbering and amendment of former section 2359.4 to new section 2355.3 filed 8-4-2009; operative 9-3-2009 (Register 2009, No. 32).