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(1) As used in this section:
(a) "Net retained liability" means the total potential liability retained by a title insurer for a single risk, after deducting liability reinsured for which credit may be taken under Section 31A-17-404.
(b) "Single risk" means the sum of the potential liabilities under all title insurance policies issued on any estates in the same real property.
(2) The net retained liability of a title insurer for a single risk, whether assumed directly or as reinsurance, may not exceed 50% of the capital and surplus of the insurer.