California Law (Last Updated: March 4, 2014) |
Insurance Code - INS |
Division 2. CLASSES OF INSURANCE |
Part 6. INSURANCE COVERING LAND |
Chapter 1. Title Insurance |
ARTICLE 3.5. Unearned Premium Reserve and Reserve for Unpaid Losses and Loss Expense |
Section 12383.
Latest version.
-
All amounts set aside in the unearned premium reserve of a title insurer shall be held either as cash on hand or shall be deposited or invested in those investments suitable for the investment of trust funds, as provided in Section 16040 of the Probate Code.
(Amended by Stats. 1999, Ch. 187, Sec. 1. Effective January 1, 2000.)