Section 27-36-4 - Unearned premium reserve - Marine and transportation insurance.

AL Code § 27-36-4 (2019) (N/A)
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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 percent of premiums on trip risks written during the month ended as of the date of statement.