California § 987 - A title insurer is insolvent whenever provision for its liabilities would, after
Full text of California Public Contract Code - PCC § 987 — A title insurer is insolvent whenever provision for its liabilities would, after, with citation guidance and answers to common questions.
§ 987. A title insurer is insolvent whenever provision for its liabilities would, after
A title insurer is insolvent whenever provision for its liabilities would, after exhausting its required surplus, so far impair its capital paid in as to reduce it below two hundred fifty thousand dollars ($250,000), or below 75 percent of the aggregate par value of its issued capital stock.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 987
What does Public Contract Code - PCC § 987 cover?
Section 987 ("A title insurer is insolvent whenever provision for its liabilities would, after") 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 § 987?
A common citation format is "Public Contract Code - PCC § 987" (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 § 987 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.