§ 38.2-4609. Loss or claim reserves
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.)
Sections: Previous 38.2-4602 38.2-4603 38.2-4604 38.2-4605 38.2-4606 38.2-4607 38.2-4608 38.2-4609 38.2-4610 38.2-4610.1 38.2-4610.1:1 38.2-4610.2 38.2-4611 38.2-4613 38.2-4614 NextLast modified: April 3, 2009