Cal. INS § 12373

A title insurer shall not make any dividends except from profits remaining on hand after retaining unimpaired assets aggregating in value an amount equal to the sum of the following: (a) The aggregate par value of the shares of its capital stock issued and outstanding, including treasury shares; (b) The amount required to be set apart as the title insurance surplus fund; (c) The amount required to be maintained in the unearned premium reserve; (d) The amount required to be maintained in the reserve for unpaid losses and loss adjustment expense; (e) A sum sufficient to pay all liabilities for expenses and taxes and all other indebtedness.