# Cal. INS § 12389.1: Section 12389.1

> California · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_CA_Cins_D2_P6_C1_A3.7_S12389.1

## Section

- **Citation:** Cal. INS § 12389.1
- **Heading:** Section 12389.1
- **Jurisdiction:** California
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** California Code / Code ins / Division 2 / Part 6 / Chapter 1 / Article 3.7 / Section 12389.1

## Text

Before granting a license or a reissued license to act as an underwritten title company to any applicant, the commissioner shall consider the qualifications of the applicant in respect to the following subjects: (a) minimum net worth and working capital; (b) reasonableness of its plan of operation; (c) lawfulness and quality of investments; (d) financial stability; (e) competency, character, and integrity of management; (f) ownership and control of issued and outstanding shares; (g) fairness and honesty of methods of doing business; (h) method by which the applicant was promoted if any of its promoters remain as stockholders or in management; and (i) hazard to the public.

Upon consideration of all relevant qualifications, the commissioner shall issue or reissue a license to act as an underwritten title company to the applicant, unless the commissioner shall have made a finding, or findings, that the applicant is materially deficient in respect to one or more of the items outlined herein.

## Nearby sections

- [Cal. INS § 12389 Section 12389](https://www.frixlaw.com/law-library/statutes/STATE_CA_Cins_D2_P6_C1_A3.7_S12389.md)
- [Cal. INS § 12389.1 Section 12389.1](https://www.frixlaw.com/law-library/statutes/STATE_CA_Cins_D2_P6_C1_A3.7_S12389.1.md)
- [Cal. INS § 12389.2 Section 12389.2](https://www.frixlaw.com/law-library/statutes/STATE_CA_Cins_D2_P6_C1_A3.7_S12389.2.md)
- [Cal. INS § 12389.3 Section 12389.3](https://www.frixlaw.com/law-library/statutes/STATE_CA_Cins_D2_P6_C1_A3.7_S12389.3.md)
- [Cal. INS § 12389.4 Section 12389.4](https://www.frixlaw.com/law-library/statutes/STATE_CA_Cins_D2_P6_C1_A3.7_S12389.4.md)
- [Cal. INS § 12389.5 Section 12389.5](https://www.frixlaw.com/law-library/statutes/STATE_CA_Cins_D2_P6_C1_A3.7_S12389.5.md)
- [Cal. INS § 12389.6 Section 12389.6](https://www.frixlaw.com/law-library/statutes/STATE_CA_Cins_D2_P6_C1_A3.7_S12389.6.md)
- [Cal. INS § 12389.7 Section 12389.7](https://www.frixlaw.com/law-library/statutes/STATE_CA_Cins_D2_P6_C1_A3.7_S12389.7.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_CA_Cins_D2_P6_C1_A3.7_S12389.1. Check the current official text before relying on it. Not legal advice.