California Code of Regulations
Title 10 - Investment
Chapter 5 - Insurance Commissioner
Subchapter 3 - Insurers
Article 7.1 - Title Insurance Statistical Plan and Related Rules
Section 2355.1 - Statistical Plan and Income Statement General Provisions
Current through Register 2024 Notice Reg. No. 38, September 20, 2024
(a) Pursuant to California Insurance Code (CIC) Section 12401.5, the Insurance Commissioner requires each Title Insurance Company licensed to transact business in California to submit a Statistical Plan and Income Statement report on the prescribed electronic forms and in accordance with these regulations. The submissions shall be reported annually.
(b) This section concerns matters relating to financial data and related information required to be collected or reported in accordance with Articles 5.5 of Chapter 1, Part 6, Division 2 of the Insurance Code and the regulations that implement, interpret or make specific those provisions.
(c) The initial submission shall cover experience from January 1, 2011 through December 31, 2011. Following the initial submission, all submissions shall cover experience in each succeeding calendar year. For example, the second annual submission shall cover January 1, 2012 through December 31, 2012. Except for the initial submission, the filings for the Income Statement (CATI-R1) and Summary of Transaction Activities (CATI-R2) shall also include the previous year's experience.
(d) A completed initial submission shall be made to the Department no later than May 31, 2012. Each following submission is due no later than May 31 of each successive year.
(e) Each submission shall be completed using the spreadsheet templates provided by the Commissioner at the "Statistical Plans" link found on the California Department of Insurance website (www.insurance.ca.gov) under the "Insurers" tab; "Data & Reports."
(f) Each submission consists of the following:
(g) Submit the completed reports to the Rate Specialist Bureau by sending either an electronic copy of the file by e-mail to: rsbTitle@ insurance.ca.gov
Subject Line: "CA Title Insurance Statistical Plan -- 2011" OR a copy of the files on CD/DVD to the address below.
Any questions or correspondence can be directed to:
CALIFORNIA DEPARTMENT OF INSURANCE
ATTENTION: RATE SPECIALIST BUREAU
300 SOUTH SPRING STREET, SOUTH TOWER, 14TH FLOOR
LOS ANGELES, CA 90013-1230
FAX#: (213) 897-6361
E-MAIL: rsbTitle@insurance.ca.gov
1. New article
7.1 (subarticles 1-5, sections 2355.1-2359.7), subarticle 1 (sections 2355.1-2355.8)
and section filed 7-26-2007; operative 11-23-2007 pursuant to Government Code
section
11343.4(b)
(Register 2007, No. 30).
2. Amendment of article heading, repealer of
subarticle 1 (sections 2355.1-2355.8) and section and new section filed 8-4-2009;
operative 9-3-2009 (Register 2009, No. 32).
3. Change without regulatory
effect amending subsections (a) and (g) filed 4-23-2012 pursuant to section
100, title 1, California Code of
Regulations (Register 2012, No. 17).
Note: Authority cited: Sections 12397.5, 12401, 12401.1, 12401.3, 12401.5, 12401.7 and 12401.8, Insurance Code; and 20th Century Ins. Co. v. Garamendi (1994) 8 Cal.4th 216. Reference: Sections 730, et seq., 12401, 12401.1, 12401.2, 12401.3, 12401.7, 12401.5, 12401.8 and 12401.9, Insurance Code.
