N.C. Gen. Stat. § 58-26-20
Statutory premium reserve
Redline — June 1, 2021 → current.View current text →
Current — April 1, 2022
As of June 1, 2021
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.
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.
History
Official source: North Carolina General Assembly. Reproduced from public-domain North Carolina statutes; confirm against the official source for the current text. Not legal advice.