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.
Structure Code of Alabama
Section 27-36-1 - Liabilities Generally.
Section 27-36-2 - Unearned Premium Reserve - Title Insurance.
Section 27-36-3 - Unearned Premium Reserve - Property, General Casualty and Surety Insurance.
Section 27-36-3.1 - Unearned Premium Reserve - Bail Bond Surety Insurers.
Section 27-36-4 - Unearned Premium Reserve - Marine and Transportation Insurance.
Section 27-36-5 - Active Life Reserve for Disability Insurance.