California Statutes
§ 17310. — 17310. (Amended by Stats. 2006, Ch. 376, Sec. 1.)
California·Code FIN Financial Code - FIN·Div. 6. DIVISION 6. ESCROW AGENTS·Ch. 2.5. CHAPTER 2.5. Escrow Agents’ Fidelity Corporation·Art. 2. ARTICLE 2. Purpose: Scope of Guarantee
(a)It shall be the purpose of Fidelity Corporation to indemnify a member within the State of California against loss, subject to the limitations set forth in this chapter.
(b)Fidelity Corporation shall not be liable for any consequential damages sustained by a member, or by any other person, nor for any punitive damages whatsoever.
(c)The indemnification shall be provided by any of the following:
(1)A fund established by Fidelity Corporation pursuant to Section 17320.
(2)A fidelity bond or insurance policy to be approved by the commissioner.
(3)A combination of paragraphs (1) and (2) subject, however, to the maximum coverage specified in subdivision (b) of Section 17314.
(d)Fidelity Corporation shall provide a copy to all of its members and the commissioner of the fidelity bond or i
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California § 17310. (17310. (Amended by Stats. 2006, Ch. 376, Sec. 1.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Amended by Stats. 2006, Ch. 376, Sec. 1. Effective January 1, 2007.