Va. Code § 38.2-4609

Current with changes from the 2024 legislative session through ch. 845

Section 38.2-4609 - Loss or claim reserves

Each title insurance company licensed in this Commonwealth shall maintain loss and loss adjustment expense reserves in an amount estimated in the aggregate as being sufficient to provide for the payment of all unpaid losses and claims under title insurance contracts of which the company has received written notice from or on behalf of the insured.

Va. Code § 38.2-4609

1952, c. 317, § 38.1-729; 1986, c. 562; 1990, c. 334.

Amended by Acts 1990, § c. 334.

Amended by Acts 1986, § c. 562.

Amended by Acts 1952, § c. 317, §38.1-729.