{"data":{"id":"us-ca/ins-12389.1","jurisdiction":"us-ca","citation":"INS § 12389.1","heading":"","body":"Before granting a license or a reissued license to act as an underwritten title company to any applicant, the commissioner shall consider the qualifications of the applicant in respect to the following subjects: (a) minimum net worth and working capital; (b) reasonableness of its plan of operation; (c) lawfulness and quality of investments; (d) financial stability; (e) competency, character, and integrity of management; (f) ownership and control of issued and outstanding shares; (g) fairness and honesty of methods of doing business; (h) method by which the applicant was promoted if any of its promoters remain as stockholders or in management; and (i) hazard to the public.\nUpon consideration of all relevant qualifications, the commissioner shall issue or reissue a license to act as an underwritten title company to the applicant, unless the commissioner shall have made a finding, or findings, that the applicant is materially deficient in respect to one or more of the items outlined herein.","path":["Insurance Code - INS","DIVISION 2. CLASSES OF INSURANCE [1880. - 12880.8.]","PART 6. INSURANCE COVERING LAND [12340. - 12661.]","CHAPTER 1. Title Insurance [12340. - 12418.4.]","ARTICLE 3.7. Underwritten Title Companies [12389. - 12389.7.]"],"source_url":"https://downloads.leginfo.legislature.ca.gov/pubinfo_2025.zip","current_through":"2026-09-13","vintage":"","retrieved_at":"2026-09-14T05:56:33Z","sha256":"f6cd84ac9df8c1a416150a4cf1ee3d92c03cd45a092ee16d359296956a08e628","source_id":"us-ca","stale":false,"prev":"us-ca/ins-12389","next":"us-ca/ins-12389.2"},"notice":"GroundRules: Original legal text. Not legal advice."}