Instructions for California Title Insurance Statistical Plan and Income Statement Report - California

This document was released by California Department of Insurance and contains the most recent official instructions for California Title Insurance Statistical Plan and Income Statement Report .

FAQ

Q: What is the California Title Insurance Statistical Plan?A: The California Title Insurance Statistical Plan is a reporting requirement for title insurance companies operating in California.

Q: What is the Income Statement Report?A: The Income Statement Report is a financial statement that shows a title insurance company's revenues, expenses, and net income.

Q: Who needs to submit the California Title Insurance Statistical Plan and Income Statement Report?A: All title insurance companies operating in California are required to submit this report.

Q: Is there a deadline for submitting the report?A: Yes, the report must be submitted annually by a specified deadline. The deadline may vary, so check the instructions for the current year's deadline.

Q: What information is required in the report?A: The report requires detailed financial information including revenues, expenses, and net income. It may also require additional information on policies and claims.

Q: Are there any penalties for not submitting the report?A: Yes, failure to submit the report or submitting false information can result in fines or other disciplinary action.

Q: Are there any exemptions from submitting the report?A: Some small title insurance companies may qualify for an exemption from the reporting requirement, but this must be verified with the California Department of Insurance.

Q: Who can I contact for assistance with the report?A: For assistance with the report, contact the California Department of Insurance's Title Insurance Bureau.