California Code, INS 12401.

California Code, INS 12401.

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Insurance Code - INS

DIVISION 2. CLASSES OF INSURANCE [1880 - 12880.8] Â Â ( Division 2 enacted by Stats. 1935, Ch. 145. ) Â Â PART 6. INSURANCE COVERING LAND [12340 - 12661] Â Â ( Part 6 enacted by Stats. 1935, Ch. 145. ) Â Â CHAPTER 1. Title Insurance [12340 - 12418.4] Â Â ( Chapter 1 enacted by Stats. 1935, Ch. 145. ) Â Â

ARTICLE 5.5. Rate Filing and Regulation [12401 - 12401.10] Â Â ( Article 5.5 added by Stats. 1973, Ch. 1130. )

  12401.  The purpose of this article is to promote the public welfare by regulating rates for the business of title insurance as herein provided to the end that they shall not be excessive, inadequate or unfairly discriminatory. It is the express intent of this article to permit and encourage competition between persons or entities engaged in the business of title insurance on a sound financial basis, and nothing in this article is intended to give the commissioner power to fix and determine a rate level by classification or otherwise. (Repealed and added by Stats. 1973, Ch. 1130.)