Delaware Statutes
§ 1107 — Unearned premium reserve for marine and transportation insurance
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% of premiums on trip risks written during the month ended as of the date of statement.
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Legislative History
18 Del. C. 1953, § 1107; 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