CA AB295

Increases the minimum current assets requirement for underwritten title companies from $10,000 to $25,000 in excess of current liabilities.

Excludes liabilities derived from operating lease obligations from the calculation of an underwritten title company's current liabilities.

Requires the Insurance Commissioner to define current assets and liabilities in regulations guided by generally accepted accounting principles.

Applies to underwritten title companies that prepare title searches, title examinations, title reports, or certificates and abstracts of title used by title insurers to write title insurance policies.