(d) Amounts placed in the statutory premium reserve in any year in
accordance with this Section shall be deducted in determining the net
profit of the title insurance company for that year.
(e) A title insurance company shall release from the statutory premium
reserve a sum equal to 10% of the amount added to the reserve during
a calendar year on July 1 of each of the 5 years following the year in
which the sum was added, and shall release from the statutory premium
reserve a sum equal to 3 1/3% of the amount added to the reserve during
that year on each succeeding July 1 until the entire amount for that year
has been released. The amount of the statutory premium reserve or similar
premium reserve maintained before January 1, 1990,
shall be released in accordance with the law in effect before January 1,
(f) This reserve is independent of the deposit requirements of Section 4 of this Act.
(Source: P.A. 94-893, eff. 6-20-06.)