2005 North Carolina Code - General Statutes § 58-26-20. Statutory premium reserve.
§ 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.)
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