Unearned premium reserve

  1. Law
  2. Maine Revised Statutes
  3. MAINE INSURANCE CODE
  4. DOMESTIC MUTUAL ASSESSMENT INSURERS
  5. Unearned premium reserve

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§3624. Unearned premium reserve

An insurer which collects a cash premium or advance assessment shall maintain an unearned premium reserve equal to 50% of the cash premium or advance assessment on its policies in force.   [PL 1969, c. 132, §1 (NEW).]

SECTION HISTORY

PL 1969, c. 132, §1 (NEW).


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