20-507. Unearned premium reserve for marine insurance
With reference to marine insurance, premiums on trip risks not terminated shall be deemed unearned, and the director may require the insurer to carry a reserve thereon equal to one hundred per cent on trip risks written during the month ended as of the date of statement.
Section: Previous 20-490.02 20-501 20-502 20-503 20-504 20-505 20-506 20-507 20-508 20-509 20-510 20-511 20-512 20-512.01 20-513 NextLast modified: October 13, 2016