An insurer, notwithstanding the provisions of any contingent or retrospective compensation arrangement with any person, shall maintain as a liability, as part of its unearned premium reserve the unearned portion of all premium charges made to insureds without deduction for uncollected charges.
(Added by Stats. 1965, Ch. 1818.)
Terms Used In California Insurance Code 995.4
- Person: means any person, association, organization, partnership, business trust, limited liability company, or corporation. See California Education Code 25022