Section 12373 Of Article 3. Title Insurers: Finances And Investments From California Insurance Code >> Division 2. >> Part 6. >> Chapter 1. >> Article 3.

. A title insurer shall not make any dividends except from profits remaining on hand after retaining unimpaired assets aggregating in value an amount equal to the sum of the following:
  (a) The aggregate par value of the shares of its capital stock issued and outstanding, including treasury shares;
  (b) The amount required to be set apart as the title insurance surplus fund;
  (c) The amount required to be maintained in the unearned premium reserve;
  (d) The amount required to be maintained in the reserve for unpaid losses and loss adjustment expense;
  (e) A sum sufficient to pay all liabilities for expenses and taxes and all other indebtedness.