33-2-513. 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 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.
History: En. Sec. 87, Ch. 286, L. 1959; R.C.M. 1947, 40-3006.
Structure Montana Code Annotated
Title 33. Insurance and Insurance Companies
Chapter 2. Regulation of Insurance Companies
Part 5. Assets and Liabilities -- Reserves
33-2-502. Assets expressly not allowed
33-2-504. through 33-2-510 reserved
33-2-511. Liabilities chargeable against assets
33-2-512. Unearned premium reserve for property, casualty, and surety
33-2-513. Unearned premium reserve for marine and transportation insurance
33-2-514. Reserve for disability insurance
33-2-516. Inadequate reserves -- increase required
33-2-517. Title insurance reserves
33-2-518. Loss and loss expense reserves for property and casualty insurance