CODE OF VIRGINIA

LOSS OR CLAIM RESERVES (§ 38.2-4609)

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.

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