Idaho Code 41-607 – Unearned Premium Reserve for Marine and Transportation Insurance
Current as of: 2023 | Check for updates
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Terms Used In Idaho Code 41-607
- Month: means a calendar month, unless otherwise expressed. See Idaho Code 73-114
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.