Section 987 Of Article 13. Insolvency From California Insurance Code >> Division 1. >> Part 2. >> Chapter 1. >> Article 13.

. A title insurer is insolvent whenever provision for its liabilities would, after exhausting its required surplus, so far impair its capital paid in as to reduce it below two hundred fifty thousand dollars ($250,000), or below 75 percent of the aggregate par value of its issued capital stock.