20-1546. Limitation on coverage

A mortgage guaranty insurance company shall limit its coverage net of reinsurance ceded to a maximum of twenty-five per cent of the entire indebtedness to the insured or may elect to pay the entire indebtedness to the insured and acquire title to the authorized real estate security.

20-1546. Limitation on coverage

A mortgage guaranty insurance company shall limit its coverage net of reinsurance ceded to a maximum of twenty-five per cent of the entire indebtedness to the insured or may elect to pay the entire indebtedness to the insured and acquire title to the authorized real estate security.