GroundRules
33-2-513: Unearned premium reserve for marine and transportation insurance.
Where this section sits in the code
- TITLE 33. INSURANCE AND INSURANCE COMPANIES
- CHAPTER 2. REGULATION OF INSURANCE COMPANIES
- Part 5. Assets and Liabilities -- Reserves
As to marine and transportation insurance, the entire amount of premiums on trip risks not terminated shall be deemed unearned and the commissioner may require the insurer to carry a reserve equal to 100% of premiums on trip risks written during the month ended as of the date of statement.
Collected 2026-09-14T04:52:12Z. Source file · JSON