20-1558. Miscellaneous reserves
A. If the laws of any other jurisdiction in which a mortgage guaranty insurance company, subject to the requirement of this article is also licensed to transact mortgage guaranty insurance, require a larger unearned premium reserve or contingency reserve in the aggregate than that set forth in this article, the establishment of such larger unearned premium reserve or contingency reserve in the aggregate shall be deemed to be in compliance with this article.
B. Unearned premium reserves and contingency reserves shall be computed and maintained on risks insured after the effective date of this article as required by sections 20-1554 and 20-1556. Unearned premium reserves and contingency reserves on risks insured before the effective date of this article may be computed and maintained as required previously.
Section: Previous 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 20-1564 20-1565 NextLast modified: October 13, 2016