Washington Statutes

§ 48.12.050 — Unearned premium reserve, marine and transportation insurance.

Washington § 48.12.050
JurisdictionWashington
Title 48INSURANCE
Ch. 48.12ASSETS AND LIABILITIES

This text of Washington § 48.12.050 (Unearned premium reserve, marine and transportation insurance.) is published on Counsel Stack Legal Research, covering Washington primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Wash. Rev. Code § 48.12.050 (2026).

Text

With reference to marine and transportation insurances, premiums on trip risks not terminated shall be deemed unearned and the commissioner may require the insurer to carry a reserve thereon equal to one hundred percent on trip risks written during the month ended as of the date of statement; and computed upon a pro rata basis or, with the commissioner's consent, in accordance with the alternative methods provided in RCW 48.12.040 for all other risks.

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Related

§ 48.12.040
Washington § 48.12.040

Legislative History

[1947 c 79 s .12.05; Rem. Supp. 1947 s 45.12.05.]

Nearby Sections

15
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Bluebook (online)
Washington § 48.12.050, Counsel Stack Legal Research, https://law.counselstack.com/statute/wa/48.12.050.