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2016 Idaho Statutes
Title 41 - INSURANCE
Chapter 6 - ASSETS AND LIABILITIES
Section 41-607 - UNEARNED PREMIUM RESERVE FOR MARINE AND TRANSPORTATION INSURANCE.

ID Code § 41-607 (2016) What's This?

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.]

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