§ 48.12.100. Unallocated liability loss expense
Subject to any restrictions contained in the annual statement instructions or accounting practices and procedures manuals of the national association of insurance commissioners, all unallocated liability loss expense payments shall be distributed as follows:
(1) All payments associated with particular claims shall be distributed to the year in which the claim was covered; and
(2) All other payments shall be distributed by year in a reasonable manner.
[1995 c 35 § 3; 1947 c 79 § .12.10; Rem. Supp. 1947 § 45.12.10.]
Sections: Previous 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 48.12.160 48.12.162 NextLast modified: April 7, 2009