California § 12373 - A title insurer shall not make any dividends except from profits remaining on han
Full text of California Public Contract Code - PCC § 12373 — A title insurer shall not make any dividends except from profits remaining on han, with citation guidance and answers to common questions.
§ 12373. A title insurer shall not make any dividends except from profits remaining on han
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.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 12373
What does Public Contract Code - PCC § 12373 cover?
Section 12373 ("A title insurer shall not make any dividends except from profits remaining on han") is part of the Public Contract Code - PCC, the codified statutory law of California. 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 California § 12373?
A common citation format is "Public Contract Code - PCC § 12373" (California). 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 California law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the California official source linked on this page or consult a licensed California attorney.
How does California § 12373 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in California 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 California.