§ 987
48 words·~1 min read·
/ca/insurance-code/987A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A title insurer is insolvent whenever provision for its liabilities would, after exhausting its required surplus, so far impair its capital paid in as to reduce it below two hundred fifty thousand dollars ($250,000), or below 75 percent of the aggregate par value of its issued capital stock.