Insurance Code section 987

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: Section 987, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=INS§ionNum=987. (accessed Apr. 24, 2025).

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Last Updated

Apr. 24, 2025

§ 987’s source at ca.gov

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Location: https://california.public.law/codes/insurance_code_section_987

Original Source: Section 987, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=INS§ionNum=987. (last accessed Apr. 24, 2025).