CALIFORNIA LEGISLATURE 20172018 REGULAR SESSION Assembly Bill No. 762Introduced by Assembly Member WaldronFebruary 15, 2017 An act to amend Section 12340.1 of the Insurance Code, relating to insurance. LEGISLATIVE COUNSEL'S DIGESTAB 762, as introduced, Waldron. Title insurance.Existing law defines title insurance as insuring, guaranteeing, or indemnifying an owner of real or personal property or the holder of liens or encumbrances or others who have interests in the property against loss or damage due to liens, encumbrances, or defects in the title to the insured property, defects in liens or encumbrances, or defects in title searches.This bill would make technical, nonsubstantive changes to those provisions.Digest Key Vote: MAJORITY Appropriation: NO Fiscal Committee: NO Local Program: NO Bill TextThe people of the State of California do enact as follows:SECTION 1. Section 12340.1 of the Insurance Code is amended to read:12340.1. Title insurance means insuring, guaranteeing guaranteeing, or indemnifying owners of real or personal property or the holders of liens or encumbrances thereon or others interested therein against loss or damage suffered by reason of: of the following:(a) Liens or encumbrances on, or defects in in, the title to said property; the property.(b) Invalidity or unenforceability of any liens or encumbrances thereon; or on the property.(c) Incorrectness of searches relating to the title to real or personal property.
CALIFORNIA LEGISLATURE 20172018 REGULAR SESSION Assembly Bill No. 762Introduced by Assembly Member WaldronFebruary 15, 2017 An act to amend Section 12340.1 of the Insurance Code, relating to insurance. LEGISLATIVE COUNSEL'S DIGESTAB 762, as introduced, Waldron. Title insurance.Existing law defines title insurance as insuring, guaranteeing, or indemnifying an owner of real or personal property or the holder of liens or encumbrances or others who have interests in the property against loss or damage due to liens, encumbrances, or defects in the title to the insured property, defects in liens or encumbrances, or defects in title searches.This bill would make technical, nonsubstantive changes to those provisions.Digest Key Vote: MAJORITY Appropriation: NO Fiscal Committee: NO Local Program: NO
CALIFORNIA LEGISLATURE 20172018 REGULAR SESSION
Assembly Bill No. 762
Introduced by Assembly Member WaldronFebruary 15, 2017
Introduced by Assembly Member Waldron
February 15, 2017
An act to amend Section 12340.1 of the Insurance Code, relating to insurance.
LEGISLATIVE COUNSEL'S DIGEST
## LEGISLATIVE COUNSEL'S DIGEST
AB 762, as introduced, Waldron. Title insurance.
Existing law defines title insurance as insuring, guaranteeing, or indemnifying an owner of real or personal property or the holder of liens or encumbrances or others who have interests in the property against loss or damage due to liens, encumbrances, or defects in the title to the insured property, defects in liens or encumbrances, or defects in title searches.This bill would make technical, nonsubstantive changes to those provisions.
Existing law defines title insurance as insuring, guaranteeing, or indemnifying an owner of real or personal property or the holder of liens or encumbrances or others who have interests in the property against loss or damage due to liens, encumbrances, or defects in the title to the insured property, defects in liens or encumbrances, or defects in title searches.
This bill would make technical, nonsubstantive changes to those provisions.
## Digest Key
## Bill Text
The people of the State of California do enact as follows:SECTION 1. Section 12340.1 of the Insurance Code is amended to read:12340.1. Title insurance means insuring, guaranteeing guaranteeing, or indemnifying owners of real or personal property or the holders of liens or encumbrances thereon or others interested therein against loss or damage suffered by reason of: of the following:(a) Liens or encumbrances on, or defects in in, the title to said property; the property.(b) Invalidity or unenforceability of any liens or encumbrances thereon; or on the property.(c) Incorrectness of searches relating to the title to real or personal property.
The people of the State of California do enact as follows:
## The people of the State of California do enact as follows:
SECTION 1. Section 12340.1 of the Insurance Code is amended to read:12340.1. Title insurance means insuring, guaranteeing guaranteeing, or indemnifying owners of real or personal property or the holders of liens or encumbrances thereon or others interested therein against loss or damage suffered by reason of: of the following:(a) Liens or encumbrances on, or defects in in, the title to said property; the property.(b) Invalidity or unenforceability of any liens or encumbrances thereon; or on the property.(c) Incorrectness of searches relating to the title to real or personal property.
SECTION 1. Section 12340.1 of the Insurance Code is amended to read:
### SECTION 1.
12340.1. Title insurance means insuring, guaranteeing guaranteeing, or indemnifying owners of real or personal property or the holders of liens or encumbrances thereon or others interested therein against loss or damage suffered by reason of: of the following:(a) Liens or encumbrances on, or defects in in, the title to said property; the property.(b) Invalidity or unenforceability of any liens or encumbrances thereon; or on the property.(c) Incorrectness of searches relating to the title to real or personal property.
12340.1. Title insurance means insuring, guaranteeing guaranteeing, or indemnifying owners of real or personal property or the holders of liens or encumbrances thereon or others interested therein against loss or damage suffered by reason of: of the following:(a) Liens or encumbrances on, or defects in in, the title to said property; the property.(b) Invalidity or unenforceability of any liens or encumbrances thereon; or on the property.(c) Incorrectness of searches relating to the title to real or personal property.
12340.1. Title insurance means insuring, guaranteeing guaranteeing, or indemnifying owners of real or personal property or the holders of liens or encumbrances thereon or others interested therein against loss or damage suffered by reason of: of the following:(a) Liens or encumbrances on, or defects in in, the title to said property; the property.(b) Invalidity or unenforceability of any liens or encumbrances thereon; or on the property.(c) Incorrectness of searches relating to the title to real or personal property.
12340.1. Title insurance means insuring, guaranteeing guaranteeing, or indemnifying owners of real or personal property or the holders of liens or encumbrances thereon or others interested therein against loss or damage suffered by reason of: of the following:
(a) Liens or encumbrances on, or defects in in, the title to said property; the property.
(b) Invalidity or unenforceability of any liens or encumbrances thereon; or on the property.
(c) Incorrectness of searches relating to the title to real or personal property.