Section 910-18 - Reserve for unpaid losses and loss expense(a) Each title insurance company shall at all times establish and maintain, in addition to other reserves, a reserve against unpaid losses, and against loss expense, and shall calculate such reserves by making a careful estimate in each case of the loss and loss expense likely to be incurred, by reason of every claim presented or that may be presented, pursuant to notice from or on behalf of the insured, of a title defect in or lien or adverse claim against the title insured, that may result in a loss or cause expense to be incurred for the proper disposition of the claim. The sums of the items so estimated shall be the total amounts of the reserves against unpaid losses and loss expenses of such title insurance company.(b) The amounts so estimated shall from time to time be revised as circumstances warrant.(c) The amounts set aside in such reserves in any year shall be deducted in determining the net profits for such year of any title insurance company.1921, May 17, P.L. 682, art. VII, § 718, added 1963, Aug. 14, P.L. 922, § 3.