(a) Each domestic title insurer shall establish and maintain a statutory premium reserve. The reserve is cumulative. The reserve must consist of the amounts required under Sections 2551.252-2551.260 and must be established and maintained during the period and for the uses and purposes provided by those sections.
(b) The reserve required under this section:
(1) is considered to be unearned portions of the original premium; and
(2) must be charged as a reserve liability of the title insurer in determining the insurer's financial condition.