California § 12386 - In the event that reinsurance is not obtained, as authorized by Section 12385, th
Full text of California Public Contract Code - PCC § 12386 — In the event that reinsurance is not obtained, as authorized by Section 12385, th, with citation guidance and answers to common questions.
§ 12386. In the event that reinsurance is not obtained, as authorized by Section 12385, th
In the event that reinsurance is not obtained, as authorized by Section 12385, the unearned premium reserve and assets constituting the guarantee fund of the title insurer, or so much as remains thereof after outstanding claims have been paid, shall constitute a trust fund to be held by the commissioner for twenty (20) years, out of which claims of policyholders shall be paid as they arise. The balance, if any, of such fund shall, at the expiration of twenty (20) years, constitute general assets of the title insurer.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 12386
What does Public Contract Code - PCC § 12386 cover?
Section 12386 ("In the event that reinsurance is not obtained, as authorized by Section 12385, th") 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 § 12386?
A common citation format is "Public Contract Code - PCC § 12386" (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 § 12386 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.