Delaware Statutes
§ 1106 — Unearned premium reserve
(a)As to property, casualty and surety insurance the insurer shall maintain an unearned premium reserve on all policies in force.
(b)Except as provided in § 1107 of this title as to marine and transportation risks, the unearned premium shall be equal to the unearned portion of gross premiums in force (after deduction of applicable reinsurance in solvent insurers) computed on an annual, monthly or more frequently pro rata basis.
Free access — add to your briefcase to read the full text and ask questions with AI
Delaware § 1106 (Unearned premium reserve) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
18 Del. C. 1953, § 1106; 56 Del. Laws, c. 380, § 1
Nearby Sections
15
§ 1101
“Assets” defined§ 1102
Assets not allowed§ 1103
Liabilities, in general§ 1106
Unearned premium reserve§ 1109
Title insurance reserves§ 1111
Title and definitions§ 1112
Reserve valuation