Illinois Statutes
§ 395 — Reserves for marine and inland marine
Illinois·Topic REGULATION·Ch. 215 INSURANCE·Act 215 ILCS 5/ Illinois Insurance Code.·Art. Article XXIII - Fire And Marine Insurance
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.
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Legislative History
(Source: Laws 1937, p. 696.)