(a) As to property, casualty and surety insurance the insurer shall maintain an unearned premium reserve on all policies in force.
(b) Except as provided in § 1107 of this title as to marine and transportation risks, the unearned premium shall be equal to the unearned portion of gross premiums in force (after deduction of applicable reinsurance in solvent insurers) computed on an annual, monthly or more frequently pro rata basis.
Structure Delaware Code
Chapter 11. ASSETS AND LIABILITIES
Subchapter II. Liabilities and Reserves
§ 1103. Liabilities, in general.
§ 1104. Reserves of domestic insurers transacting business in foreign countries only.
§ 1105. Disallowance of “wash” transactions.
§ 1106. Unearned premium reserve.
§ 1107. Unearned premium reserve for marine and transportation insurance.
§ 1108. Health insurance policy reserves.