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% of premiums on trip risks written during the month ended as of the date of statement.
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.