41-2918 — FINANCIAL CONDITION -- METHOD OF DETERMINING

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                                  TITLE  41
                                  INSURANCE
                                  CHAPTER 29
                             RECIPROCAL INSURERS
    41-2918.  FINANCIAL CONDITION -- METHOD OF DETERMINING. In determining the
financial condition of a reciprocal insurer the director shall apply the
following rules:
    (1)  He shall charge as liabilities the same reserves as are required of
incorporated insurers issuing nonassessable policies on a reserve basis.
    (2)  The surplus deposits of subscribers shall be allowed as assets,
except that any premium deposits delinquent for ninety (90) days shall first
be charged against such surplus deposit.
    (3)  The surplus deposits of subscribers shall not be charged as a
liability.
    (4)  All premium deposits delinquent less than ninety (90) days shall be
allowed as assets.
    (5)  An assessment levied upon subscribers, and not collected, shall not
be allowed as an asset.
    (6)  The contingent liability of subscribers shall not be allowed as an
asset.
    (7)  The computation of reserves shall be based upon premium deposits
other than membership fees and without any deduction for expenses and the
compensation of the attorney.