220 CMR, 52.213
Current through Register 1538, January 3, 2025
When premiums on insurance policies are paid in advance of their accrual, the amount prepaid (whether paid in cash or by the issue of notes or other negotiable paper) shall be charged to this account. As such premiums accrue they shall be credited at regular accounting intervals to this account and charged to the appropriate expense account.
220 CMR, 52.213