Section 59A-39-15 - Financial condition; method of determiningIn determining the financial condition of a reciprocal insurer the superintendent shall apply the following rules:
A. he shall charge as liabilities the same reserves as are required of incorporated insurers issuing nonassessable policies on a reserve basis; B. the surplus deposits of subscribers shall be allowed as assets except that any premium deposits delinquent for ninety (90) days shall first be charged against such surplus deposit; C. the surplus deposits of subscribers shall not be charged as a liability; D. all premium deposits delinquent less than ninety (90) days shall be allowed as assets; E. an assessment levied upon subscribers, and not collected, shall not be allowed as an asset; F. the contingent liability of subscribers shall not be allowed as an asset; and G. the computation of reserves shall be based upon premium deposits other than membership fees and without any deduction for expenses and the compensation of the attorney. Laws 1984, ch. 127, § 672.