California § 12382. 12382. (Added by Stats. 1965, Ch. 272.)

California Statutes

§ 12382. — 12382. (Added by Stats. 1965, Ch. 272.)

California § 12382.

JurisdictionCalifornia

Code INSInsurance Code - INS

Div. 2.DIVISION 2. CLASSES OF INSURANCE

Part 6.PART 6. INSURANCE COVERING LAND

Ch. 1.CHAPTER 1. Title Insurance

Art. 3.5.ARTICLE 3.5. Unearned Premium Reserve and Reserve for Unpaid Losses and Loss Expense

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Cal. Insurance Code - INS Code § 12382. (2026).

Text

The unearned premium reserve of every title insurer shall consist of:

(a)Such amount as would have been required to be set aside in said reserve on all policies or contracts of title insurance issued during the calendar years 1962, 1963 and 1964, if this article had been effective at and after the date that such policies or contracts were written, less the amount of withdrawals that would have been permitted if this article had been so effective; and

(b)The amount of all additions required to be made to such reserve by this article less the withdrawals therefrom permitted by this article.

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The unearned premium reserve of every title insurer shall consist of:
(a)
Such amount as would have been required to be set aside in said reserve on all policies or contracts of title insurance issued during the calendar years 1962, 1963 and 1964, if this article had been effective at and after the date that such policies or contracts were written, less the amount of withdrawals that would have been permitted if this article had been so effective; and
(b)
The amount of all additions required to be made to such reserve by this article less the
withdrawals therefrom permitted by this article.