§ 58-26-20. Statutory premium reserve. - North Carolina Statutes

§ 58‑26‑20. Statutory premium reserve.

Every domestic title insurancecompany shall, in addition to other reserves, establish and maintain a reserveto be known as the "statutory premium reserve" for title insurance,which shall at all times and for all purposes be considered and constitute areserve liability of the title insurance company in determining its financialcondition. (1969,c. 897; 1973, c. 1035, s. 1; 1993, c. 504, s. 19; 2002‑187, s. 7.3.)