What are the funds called until the required retention is remitted to the insurer?

The term "collected funds" refers to money that has been received and verified as available for distribution or use. In the context of title insurance, these funds are specifically those amounts that have been successfully gathered from transactions and are waiting to be sent to the insurer after meeting any required retention amount. This retention is essentially a portion of the funds that the insurance company holds back for contingencies or claims, and until that requirement is fulfilled, the funds remain in this "collected" status.

Other terms listed might imply different statuses or qualities of funds. For example, "pending funds" usually suggests that the funds are in the process of being settled or cleared, which has not yet occurred. "Available funds" could indicate that funds are ready for use; however, this does not accurately describe the specifically retained funds. "Liquid funds" generally refer to cash or assets that can easily be converted to cash, which does not specifically address the context of retention for remittance to an insurer. Thus, "collected funds" is the most precise term that accurately describes the scenario presented in the question.