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DIVISION 2. CLASSES OF INSURANCE 1880-12880.6›PART 6. INSURANCE COVERING LAND 12340-12661›CHAPTER 1. Title Insurance 12340-12418.4›ARTICLE 2. Title Insurers; Capital and Guarantee Fund Requirements 12350-12360

§ 12357

California Insurance Code · 2020-11 edition · updated 2026-10-04 · California

Unless the mortgage is covered by mortgage insurance, the value of the property covered by each such mortgage constituting all or part of such deposit in this State shall be appraised by one or more appraisers selected or approved by the commissioner. The appraisers shall be familiar with property values of the particular type of property and generally in the region in which the property or some part thereof is situated.

(Amended by Stats. 1937, Ch. 732.)

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California Insurance Code

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