§ 48.12.050. Unearned premium reserve, marine and transportation insurance
With reference to marine and transportation insurances, premiums on trip risks not terminated shall be deemed unearned and the commissioner may require the insurer to carry a reserve thereon equal to one hundred percent on trip risks written during the month ended as of the date of statement; and computed upon a pro rata basis or, with the commissioner's consent, in accordance with the alternative methods provided in RCW 48.12.040 for all other risks.
[1947 c 79 § .12.05; Rem. Supp. 1947 § 45.12.05.]
Sections: Previous 48.12.010 48.12.020 48.12.030 48.12.040 48.12.050 48.12.060 48.12.070 48.12.080 48.12.090 48.12.100 48.12.110 48.12.140 48.12.154 48.12.156 48.12.158 NextLast modified: April 7, 2009