§ 58-26-35. Maintenance of the statutory premium reserve. - North Carolina Statutes

§ 58‑26‑35. Maintenance of the statutory premium reserve.

If the amount of the assets ofa title insurance company held in trust or held by the Commissioner under G.S.58‑26‑31 should on any date be less than the amount required to bemaintained, and the deficiency is not promptly cured, the title insurancecompany shall immediately give written notice of the deficiency to theCommissioner and shall not write or assume any title insurance until thedeficiency has been eliminated and until it has received written approval fromthe Commissioner authorizing it to again write and assume title insurance. (1969, c. 897; 2002‑187,s. 7.9.)