CA AB762

Increases the annual sum that title insurers must set apart from 10% to 12% of premiums collected during the year

Raises the monetary cap for the title surplus fund from $1,000,000 to $1,250,000

Maintains the requirement that accumulated sums equal 25% of the insurer's subscribed capital stock or the applicable dollar amount, whichever is lower

Makes conforming grammatical changes to existing Insurance Code provisions regarding title insurance surplus funds