Idaho Code § 41-607

Current through the 2024 Regular Session
Section 41-607 - 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 director may require the insurer to carry a reserve equal to one hundred per cent (100%) of premiums on trip risks written during the month ended as of the date of statement.

Idaho Code § 41-607

[41-607, added 1961, ch. 330, sec. 128, p. 645.]