Alabama Code 27-36-4. Unearned premium reserve – Marine and transportation insurance
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In Alabama Code 27-36-4
- month: means a calendar month. See Alabama Code 1-1-1
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 percent of premiums on trip risks written during the month ended as of the date of statement.