17:18-14. Title insurance companies; loss reserve
63 words·~1 min read·
/nj/title-17/chapter-18/17-18-14A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
In addition to the reserves hereinabove required by section six of this act, every such company shall set up and maintain a loss reserve at least equal to the aggregate estimated amounts due or to become due on account of all unpaid losses and claims upon title insurance policies of which the company has received notice.
L.1938, c. 289, p. 625, s. 7.