Ins. Code, § 12380 · Article 3.5. Unearned Premium Reserve and Reserve for Unpaid Losses and Loss Expense
Ins. Code, § 12380
Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
Unless the provision or context otherwise requires, the following definitions govern the construction of this article:
(a) “Total charges for policies of title insurance” means (i) the total of fees and charges as shown on policies, as required by Section 12412, less any amount paid for coinsurance of such policy to any coinsuring title insurer and (ii) the total sum charged by any coinsuring title insurer for acting as a coinsurer in respect to any policy of title insurance.
(b) “Ceding company” means a title insurer which shall have purchased a policy or contract of reinsurance from a reinsuring company.
(c) “Reinsuring company” means a title insurer which shall have sold a policy or contract of reinsurance to a ceding company.
(d) “Unearned premium reserve” means that reserve that is generally known as the statutory premium reserve.
Notes and commentary — not statutory text
History
Amended by Stats. 1993, Ch. 974, Sec. 7. Effective January 1, 1994.
Source of truth
- Edition
- As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
- Official file
- https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=INS§ionNum=12380.
- Text hash
- sha256 270ad460f1ea9c996e4ebf6373a9d9a94d12604db42c3e9beee4667bcaddc9ef
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- compose_ca.py 2026-10-22: the Legislative Counsel's CAML content files read by a tokenizer (caml_readers.reader_a); an independent xml.etree reading (caml_readers.reader_b) agrees on every section
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Insurance Code
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