Arizona Laws 20-507. Unearned premium reserve for marine insurance
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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.
Terms Used In Arizona Laws 20-507
- Month: means a calendar month unless otherwise expressed. See Arizona Laws 1-215