Section 12375 Of Article 3. Title Insurers: Finances And Investments From California Insurance Code >> Division 2. >> Part 6. >> Chapter 1. >> Article 3.
12375
. Whenever a title insurer, upon withdrawing from insurance
business in this State, desires to reinsure its policies with a title
insurer whose "title insurance surplus fund" is not fully made up,
the commissioner may require the reinsurer to increase its "title
insurance surplus fund." The amount of increase shall not be greater
than the amount in the withdrawing insurer's "title insurance surplus
fund" nor greater than will fully make up the reinsurer's title
insurance surplus fund. Such increase may be made a condition of the
commissioner's approval of the reinsurance plan.