Delaware Code Title 18 Sec. 1107 – Unearned premium reserve for marine and transportation insurance
Current as of: 2023 | Check for updates
|
Other versions
As to marine and transportation insurance, the entire amount of premiums on trip risks not terminated shall be deemed unearned, and the Commissioner may require the insurer to carry a reserve equal to 100% of premiums on trip risks written during the month ended as of the date of statement.
18 Del. C. 1953, § ?1107; 56 Del. Laws, c. 380, § ?1;
Terms Used In Delaware Code Title 18 Sec. 1107
- Month: means a calendar month, unless otherwise expressed. See Delaware Code Title 1 Sec. 302