California Code of Regulations
Title 10 - Investment
Chapter 5 - Insurance Commissioner
Subchapter 4 - Insurer Securities Permits
Article 10 - Underwritten Title Companies and Other Noninsuring "Insurers"
Section 2610.01 - Purpose and Scope

As may be seen from Insurance Code Section 826, Chapter 395 of the Statutes of 1965, effective September 17, 1965, extended the definition of "insurer" as used in the Insurance Securities Law to include underwritten title companies, attorneys-in-fact of reciprocal or interinsurance exchanges, and exclusive manager of domestic insurers. Compare paragraph C of Section 2601.02 of these regulations which accurately states the Insurance Code definition.

Because a distinction has to be made in nomenclature throughout these regulations to differentiate between the old type of entities organized to assume the risk of loss under contracts of insurance and the three newly included types of noninsuring "insurers," the term "insurance company" is used herein to designate the former type; refer to paragraph F of Section 2601.01 of these regulations. Where the Insurance Code term "insurer" appears, it is employed in the full statutory sense and includes both types; refer to paragraph C, ibid.

The remainder of this article is devoted to pointing out those portions of these regulations which do and which do not apply to underwritten title companies, attorneys-in-fact of reciprocal insurers and exclusive managers of domestic insurers. This article should produce the same result as mere reliance upon the distinguishing terminology in the text of these regulations, and vice versa.

1. Change without regulatory effect amending third paragraph filed 7-14-2021 pursuant to section 100, title 1, California Code of Regulations (Register 2021, No. 29). Filing deadline specified in Government Code section 11349.3(a) extended 60 calendar days pursuant to Executive Order N-40-20.