UTC Annual Statement Filing
TO: Underwritten Title Companies and/or Controlled Escrow Companies Required to Report to the Insurance Commissioner of the State of California
SUBJECT: Monthly Financial Reporting Requirement
Please be advised that California Department of Insurance ("CDI") will be requiring a company to file its financial statement on a monthly basis when its financial condition falls under any of the following two categories:
Its net worth is less than 150% of the statutory minimum net worth requirement.
Its current operating trend demonstrates that it will not be able to comply with the statutory minimum net worth and/or working capital requirements.
For inquiries and monthly financial report, please email Financial.Records@insurance.ca.gov.
Deputy Insurance Commissioner
Financial Surveillance Branch