58-26-20. Statutory premium reserve.
Every domestic title insurance company shall, in addition to other reserves, establish and maintain a reserve to be known as the "statutory premium reserve" for title insurance, which shall at all times and for all purposes be considered and constitute a reserve liability of the title insurance company in determining its financial condition. (1969, c. 897; 1973, c. 1035, s. 1; 1993, c. 504, s. 19; 2002-187, s. 7.3.)
Structure North Carolina General Statutes
North Carolina General Statutes
Article 26 - Real Estate Title Insurance Companies.
§ 58-26-5 - Certificate of authority to do business.
§ 58-26-6 - Exemption for policies issued on property affected by boundary certification.
§ 58-26-10 - Financial statements and licenses required.
§ 58-26-15 - Limitation of risk.
§ 58-26-20 - Statutory premium reserve.