California § 12401 - The purpose of this article is to promote the public welfare by regulating rates
Full text of California Public Contract Code - PCC § 12401 — The purpose of this article is to promote the public welfare by regulating rates, with citation guidance and answers to common questions.
§ 12401. The purpose of this article is to promote the public welfare by regulating rates
The purpose of this article is to promote the public welfare by regulating rates for the business of title insurance as herein provided to the end that they shall not be excessive, inadequate or unfairly discriminatory. It is the express intent of this article to permit and encourage competition between persons or entities engaged in the business of title insurance on a sound financial basis, and nothing in this article is intended to give the commissioner power to fix and determine a rate level by classification or otherwise.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 12401
What does Public Contract Code - PCC § 12401 cover?
Section 12401 ("The purpose of this article is to promote the public welfare by regulating rates") is part of the Public Contract Code - PCC, the codified statutory law of California. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite California § 12401?
A common citation format is "Public Contract Code - PCC § 12401" (California). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of California law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the California official source linked on this page or consult a licensed California attorney.
How does California § 12401 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in California can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in California.