(a) Sections 1070, 1070.5, 1070.6, 1071.5, 1072, and 1076 shall be applicable to underwritten title companies.
(b) The following terms from Sections 1070, 1070.5, 1070.6, 1071.5, 1072, and 1076 shall be applicable to underwritten title companies as follows:
(1) “Certificate of Authority” shall mean an underwritten title company license.
(2) “Insurer” shall mean an underwritten title company.
(3) “Reinsurer” shall mean a title underwriter or another underwritten title company.
(c) For the purposes of this section, Sections 1070, 1070.5, 1070.6, 1071.5, 1072, and 1076 shall be construed in accordance with the nature of underwritten title companies and the business of title insurance.
(Added by Stats. 2013, Ch. 321, Sec. 26. (AB 1391) Effective January 1, 2014.)