Whenever a title insurer, upon withdrawing from insurance business in this State, desires to reinsure its policies with a title insurer whose âtitle insurance surplus fundâ is not fully made up, the commissioner may require the reinsurer to increase its âtitle insurance surplus fund.â The amount of increase shall not be greater than the amount in the withdrawing insurerâs âtitle insurance surplus fundâ nor greater than will fully make up the reinsurerâs title insurance surplus fund. Such increase may be made a condition of the commissionerâs approval of the reinsurance plan.
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