Cal. INS § 12386
This is the official text of Cal. INS § 12386, part of California’s Insurance Code — regulates insurance companies and the insurance policies sold in California.
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Official statutory text
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.
Status: in_force · Read it on the official government site
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