Both sides are claiming victory in a dispute over proposed regulations for the title insurance industry in California after the state Office of Administrative Law returned the regulations to the insurance department for clarification.
The proposed regulations would have established interim maximum rates and required title insurers to report their costs and operations, which would be the basis for more long-term maximum rates.
"The OAL's review effectively validates the department's authority to issue such regulations, but OAL has asked the department to make specific changes to clarify certain terms and eliminate certain ambiguities which OAL found," said State Insurance Commissioner Steve Poizner.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
