TITLE 41

INSURANCE

CHAPTER 6

ASSETS AND LIABILITIES

41-607.  Unearned premium reserve for marine and transportation insurance. As to marine and transportation insurance, the entire amount of premiums on trip risks not terminated shall be deemed unearned; and the director may require the insurer to carry a reserve equal to one hundred per cent (100%) of premiums on trip risks written during the month ended as of the date of statement.

History:

[41-607, added 1961, ch. 330, sec. 128, p. 645.]