N.C. Gen. Stat. § 58-26-20

Current through Session Law 2024-58
Section 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.

N.C. Gen. Stat. § 58-26-20

Amended by 2002-187, s. 7.3, eff. 10/31/2002.
1969, c. 897; 1973, c. 1035, s. 1; 1993, c. 504, s. 19.