Arizona Revised Statutes § 20-1556.01 Premium Deficiency Reserve

20-1556.01. Premium deficiency reserve

If the mortgage guaranty insurance company's anticipated losses, loss adjustment expenses, commissions and other acquisition costs and maintenance costs are more than the recorded unearned premium reserve, contingency reserve and estimated future renewal premiums on existing policies, the company shall establish a premium deficiency reserve by recording an additional liability for the deficiency according to the accounting practices and procedures manual adopted by the national association of insurance commissioners.

Section: Previous  20-1550  20-1551  20-1552  20-1553  20-1554  20-1555  20-1556  20-1556.01  20-1557  20-1558  20-1559  20-1560  20-1561  20-1562  20-1563  Next

Last modified: October 13, 2016