Unearned premium reserve on 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 percent of premiums on trip risks written during the month ended as of the date of statement. Source: SL 1966, ch 111 , ch 5, § 6. 58-26-42. Repealed by SL 2002, ch 239 , § 7