Oklahoma Statutes (Last Updated: September 18, 2014)

§ 36-1507. Unearned premium reserve for marine insurance.

Latest version.

With reference to marine insurance, premiums on trip risks not terminated shall be deemed unearned, and the Insurance Commissioner may require the insurer to carry a reserve thereon equal to one hundred percent (100%) on trip risks written during the month ended as of the date of statement.

Laws 1957, p. 282, § 1507.

                    
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