Section 12357 Of Article 2. Title Insurers; Capital And Guarantee Fund Requirements From California Insurance Code >> Division 2. >> Part 6. >> Chapter 1. >> Article 2.
12357
. Unless the mortgage is covered by mortgage insurance, the
value of the property covered by each such mortgage constituting all
or part of such deposit in this State shall be appraised by one or
more appraisers selected or approved by the commissioner. The
appraisers shall be familiar with property values of the particular
type of property and generally in the region in which the property or
some part thereof is situated.