{"data":{"id":"us-ca/ins-12373","jurisdiction":"us-ca","citation":"INS § 12373","heading":"","body":"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:\n(a) The aggregate par value of the shares of its capital stock issued and outstanding, including treasury shares;\n(b) The amount required to be set apart as the title insurance surplus fund;\n(c) The amount required to be maintained in the unearned premium reserve;\n(d) The amount required to be maintained in the reserve for unpaid losses and loss adjustment expense;\n(e) A sum sufficient to pay all liabilities for expenses and taxes and all other indebtedness.","path":["Insurance Code - INS","DIVISION 2. CLASSES OF INSURANCE [1880. - 12880.8.]","PART 6. INSURANCE COVERING LAND [12340. - 12661.]","CHAPTER 1. Title Insurance [12340. - 12418.4.]","ARTICLE 3. Title Insurers: Finances and Investments [12370. - 12377.]"],"source_url":"https://downloads.leginfo.legislature.ca.gov/pubinfo_2025.zip","current_through":"2026-09-13","vintage":"","retrieved_at":"2026-09-14T05:56:33Z","sha256":"7c17319cd4aae2b9ef582fddfb5493b802eb7ec828f651aca5e93e15161b7482","source_id":"us-ca","stale":false,"prev":"us-ca/ins-12372.5","next":"us-ca/ins-12374"},"notice":"GroundRules: Original legal text. Not legal advice."}