House committee substitute rewrites the 2nd ed. entirely and makes conforming changes to the bill title.  Amends GS 58-26-1(b1) to clarify that deposits by foreign and domestic insurance companies are subject to the same requirements that govern those of stock casualty companies. Effective October 1, 2018.

Amends GS 58-26-25 by deleting subsections (a), (b), (c), and (d), and adding a new subsection (a1) to require domestic title instance companies to establish and maintain a minimum premium reserve of $0.17 for $1,000 of net retained liability for each title insurance policy.  Defines net retained liability as total liability for a single risk minus ceded liability.  Establishes formula for release of premium reserve in equal quarterly amounts over a 20-year period.  Adds new subsection (b1) requiring that amounts held in premium reserves in excess of the amount required under the new subsection (a1) as of December 31, 2018, shall be released to net profits.  Makes technical conforming changes throughout the statute. Effective October 1, 2018.

Repeals GS 58-26-31 (governing premium reserves held in trust or as a deposit) and GS 58-26-35 (requiring maintenance of a premium reserve fund). Effective October 1, 2018.

Amends GS 58-71-145 by changing the deposit requirement for professional bondsmen acting as sureties on bail bonds from one-eighth to one-twelfth the amount of all bonds on which the bondsman is liable as of the first day of each month.