Title Ins. Co. v. State Bd. of Equalization

Decision Date23 October 1991
Docket NumberNo. S022285,S022285
Citation286 Cal.Rptr. 779,818 P.2d 62
CourtCalifornia Supreme Court
PartiesTITLE INSURANCE COMPANY, Respondent, v. STATE BOARD OF EQUALIZATION, Appellant.

Prior report: Cal.App., 282 Cal.Rptr. 570.

Petition for review GRANTED.

The issue to be argued before this court shall be limited to whether a title insurance company realizes taxable income from the entire amount of the premium the insured pays for a title insurance policy, even when a substantial portion of the premium is withheld by the underwritten title company that performs the title search.

LUCAS, C.J., and PANELLI, ARABIAN and BAXTER, JJ., concur.

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