Alabama § 27-36-2 - Unearned Premium Reserve - Title Insurance.
Full text of Alabama Code of Alabama § 27-36-2 — Unearned Premium Reserve - Title Insurance., with citation guidance and answers to common questions.
§ 27-36-2. Unearned Premium Reserve - Title Insurance.
(a) In addition to an adequate reserve as to outstanding losses as required under Section 27-36-1, a title insurer shall maintain an unearned premium reserve of not less than an amount computed as follows:
(1) Ten percent of the total amount of the risk premiums written in the calendar year for title insurance contracts shall be assigned originally to the reserve; and
(2) During each of the 20 years next following the year in which the title insurance contract was issued, the reserve applicable to the contract shall be reduced by five percent of the original amount of such reserve.
(b) The insurer may credit upon the reserve provided for by this section the amount of its deposit made under Section 27-3-13.
(c) Title insurance risk premium shall not include charges for abstracting, record searching, certificates as to the record title, escrow and closing services, and other related services which may be offered or furnished, or the costs and expenses of examination of titles.
Source: official Alabama text · Last verified 2026-08-27
Frequently Asked Questions About Alabama § 27-36-2
What does Code of Alabama § 27-36-2 cover?
Section 27-36-2 ("Unearned Premium Reserve - Title Insurance.") is part of the Code of Alabama, the codified statutory law of Alabama. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Alabama § 27-36-2?
A common citation format is "Code of Alabama § 27-36-2" (Alabama). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Alabama law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Alabama official source linked on this page or consult a licensed Alabama attorney.
How does Alabama § 27-36-2 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Alabama can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Alabama.