Each title insurance company licensed in this Commonwealth shall maintain loss and loss adjustment expense reserves in an amount estimated in the aggregate as being sufficient to provide for the payment of all unpaid losses and claims under title insurance contracts of which the company has received written notice from or on behalf of the insured.
1952, c. 317, § 38.1-729; 1986, c. 562; 1990, c. 334.
Structure Code of Virginia
§ 38.2-4600. Class of insurance and insurance companies to which chapter applies
§ 38.2-4601. Title insurance company defined
§ 38.2-4601.1. Title insurance agency or agent defined
§ 38.2-4602. What laws applicable
§ 38.2-4603. What companies may transact title insurance
§ 38.2-4604. Investment in plant and equipment
§ 38.2-4606. Forms to be filed with Commission
§ 38.2-4608. Title insurance rates
§ 38.2-4609. Loss or claim reserves
§ 38.2-4610.1. Unearned premium reserve
§ 38.2-4610.1:1. Unearned premium reserves of foreign title insurance companies
§ 38.2-4613. Unearned premium reserve to be held and administered for benefit of policyholders
§ 38.2-4615. Exchange of information
§ 38.2-4616. Notification to buyers of the availability of owner's title insurance