California Statutes
§ 12387. — 12387. (Added by Stats. 1965, Ch. 272.)
California·Code INS Insurance 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
Where a title insurer organized or incorporated under the laws of any state other than California does business in California, if the laws of the state of its domicile obligate such company to create and maintain an unearned premium reserve for purposes substantially similar to those of this article, any amounts required by the law of such state to be added to such reserve by reason of business done in California shall be deducted from any amounts required by this article to be set aside by such title insurer in an unearned premium reserve for its California business.
The provisions of this section shall be applicable only to title
insurers organized or incorporated in those states whose laws provide that a title insurer organized and incorporated under the laws of California and whi
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California § 12387. (12387. (Added by Stats. 1965, Ch. 272.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Added by Stats. 1965, Ch. 272.