Hawaii Revised Statutes 431:5-302 – Unearned premium reserve for marine and transportation
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Marine and transportation insurance policy premiums on trip risks not terminated shall be deemed unearned. The commissioner may require the insurer to carry a reserve equal to one hundred per cent on trip risks written during the month ended as of the date of statement, and:
Terms Used In Hawaii Revised Statutes 431:5-302
- month: means a calendar month; and the word "year" a calendar year. See Hawaii Revised Statutes 1-20