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2019 Code of Alabama
Title 27 - Insurance.
Chapter 36 - Liabilities.
Section 27-36-4 - Unearned premium reserve - Marine and transportation insurance.
Universal Citation: AL Code § 27-36-4 (2019)
Section 27-36-4Unearned premium reserve - 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 percent of premiums on trip risks written during the month ended as of the date of statement.
(Acts 1971, No. 407, p. 707, §740.)
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