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.
History:
[41-607, added 1961, ch. 330, sec. 128, p. 645.]
Structure Idaho Code
Chapter 6 - ASSETS AND LIABILITIES
Section 41-601 - “ASSETS” DEFINED.
Section 41-602 - ASSETS AS DEDUCTIONS FROM LIABILITIES.
Section 41-603 - ASSETS NOT ALLOWED.
Section 41-604 - DISALLOWANCE OF “WASH” TRANSACTIONS.
Section 41-605 - LIABILITIES, IN GENERAL.
Section 41-606 - UNEARNED PREMIUM RESERVE.
Section 41-607 - UNEARNED PREMIUM RESERVE FOR MARINE AND TRANSPORTATION INSURANCE.
Section 41-608 - RESERVE FOR DISABILITY INSURANCE.
Section 41-609 - LOSS RESERVES, LIABILITY INSURANCE AND WORKER’S COMPENSATION.
Section 41-610 - INCREASE OF INADEQUATE LOSS RESERVES.
Section 41-611 - RESERVE FOR LOSSES AND UNEARNED PREMIUMS — TITLE INSURERS.
Section 41-611A - MORTGAGE GUARANTY INSURANCE — CONTINGENCY RESERVE.
Section 41-612 - STANDARD VALUATION LAW — LIFE INSURANCE.
Section 41-613 - VALUATION OF BONDS.
Section 41-614 - VALUATION OF OTHER SECURITIES.