§ 58-26-20. Statutory premium reserve.
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/nc/chapter-58/58-26-20A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§ 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. (1969, c. 897; 1973, c. 1035, s. 1; 1993, c. 504, s. 19; 2002-187, s. 7.3.)