---
urn: urn:us-la:rs:22:763
citation: "R.S. 22:763"
status: active
breadcrumb: "Title 22 › Chapter 2 › Part IV › Subpart B"
acts_citations:
  - { year: 1958, number: 125, section: None, effective_date: null, role: enactment }
  - { year: 2009, number: 503, section: 1, effective_date: null, role: amendment }
---

# Reserve for marine and transportation (inland marine) insurance

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.