California Insurance Code ARTICLE 3.5 - Unearned Premium Reserve and Reserve for Unpaid Losses and Loss Expense

• Section 12380.
  Unless the provision or context otherwise requires, the following definitions govern the construction of this article:(a) “Total charges for policies of title insurance” means (i) the...
• Section 12381.
  Every domestic title insurer shall, in addition to other reserves, establish and maintain a reserve to be known as the “unearned premium reserve” for title...
• Section 12382.
  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...
• Section 12382.2.
  (a) Out of total charges for policies of title insurance, a title insurer shall add to and set aside in its unearned premium reserve commencing as...
• Section 12382.3.
  The aggregate amount set aside in the unearned premium reserve shall be separately recorded and reserved in respect to such policies and contracts issued in...
• Section 12382.4.
  For the purpose of determining the amounts of the unearned premium reserve that may be withdrawn pursuant to Section 12382.5 and the interest of the...
• Section 12382.5.
  (a) The aggregate of the amounts set aside in unearned premium reserve in any calendar year pursuant to subdivision (a) of Section 12382.2 shall be released...
• Section 12382.6.
  If substantially the entire outstanding liability under all policies and contracts of title insurance or reinsurance of any ceding company shall be reinsured, pursuant to...
• Section 12383.
  All amounts set aside in the unearned premium reserve of a title insurer shall be held either as cash on hand or shall be deposited...
• Section 12384.
  If the aggregate amount set aside by a title insurer in its unearned premium reserve should at any time be less than the amount required...
• Section 12385.
  If a title insurer shall at any time become insolvent, be in the process of liquidation or dissolution or be in the possession of the...
• Section 12386.
  In the event that reinsurance is not obtained, as authorized by Section 12385, the unearned premium reserve and assets constituting the guarantee fund of the...
• Section 12387.
  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...
• Section 12388.
  Every title insurer shall, in addition to other reserves establish and maintain a reserve to be known as the “reserve for unpaid losses and loss...

Last modified: October 22, 2018