California Code of Regulations
Title 10 - Investment
Chapter 5 - Insurance Commissioner
Subchapter 3 - Insurers
Article 10 - Mortgage Guaranty Insurers
Section 2510.11 - Definition of Pool Insurance Policy
Universal Citation: 10 CA Code of Regs 2510.11
Current through Register 2024 Notice Reg. No. 38, September 20, 2024
A pool insurance policy is a policy of mortgage guaranty insurance which insures the individual loans in a pool of mortgage loans that are secured by real property in California and that collarteralize a mortgagebacked security and which covers the losses on individual loans, subject to an aggregate loss limit, for the benefit of the insured or its named beneficiary.
1. New section filed 8-23-78; effective thirtieth day thereafter (Register 78, No. 34).
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