In the case of policies of marine or inland navigation or transportation insurance the unearned premium reserve, to be charged as a liability shall be fifty percent of the amount of the premiums upon risks covering not more than one passage not terminated and shall be upon a pro rata basis for all other policies.
R.S. 22:763 active rs title
Reserve for marine and transportation (inland marine) insurance ACTIVE
Actions
References
None.
Cited by
History
- enactment Acts 1958, No. 125
- amendment Acts 2009, No. 503, §1