California § 12384 - If the aggregate amount set aside by a title insurer in its unearned premium rese
Full text of California Public Contract Code - PCC § 12384 — If the aggregate amount set aside by a title insurer in its unearned premium rese, with citation guidance and answers to common questions.
§ 12384. If the aggregate amount set aside by a title insurer in its unearned premium rese
If the aggregate amount set aside by a title insurer in its unearned premium reserve should at any time be less than the amount required to be maintained in such reserve, and the deficiency shall not be promptly cured, such title insurer shall forthwith give written notice thereof to the commissioner. Any such title insurer shall not thereafter issue any further policies or contracts of title insurance or reinsurance until the deficiency shall have been eliminated and until it shall have received written approval from the commissioner authorizing it to again issue such policies and contracts of title insurance and reinsurance. For the purpose of determining the aggregate amount set aside by a title insurer in its unearned premium reserve, any portion of such reserve which shall have been invested shall be valued at the purchase price or the fair market value of such investment on the date that such investment was made.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 12384
What does Public Contract Code - PCC § 12384 cover?
Section 12384 ("If the aggregate amount set aside by a title insurer in its unearned premium rese") 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 § 12384?
A common citation format is "Public Contract Code - PCC § 12384" (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 § 12384 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.