Illinois Compiled Statutes 215 ILCS 5/395 – Reserves for marine and inland marine
Current as of: 2024 | Check for updates
|
Other versions
In the case of policies of marine or inland navigation or transportation insurance the unearned premium reserve, to be charged as a liability, shall be fifty per centum of the amount of the premiums upon risks covering not more than one passage not terminated and shall be upon a pro rata basis for all other policies.