Iowa Admin. Code r. 191-5.21
Current through Register Vol. 47, No. 5, August 21, 2024
In the case of premiums paid in advance on ten-year policies, mortgage guaranty insurers shall apply the following annual factors or comparable monthly factors in determining the unearned premium reserve:
| Years policy | Unearned | Years policy | Unearned | ||
| is in force | premium factor | is in force | premium factor | ||
| 1 | 81.8 | 6 | 18.2 | ||
| 2 | 65.5 | 7 | 10.9 | ||
| 3 | 50.9 | 8 | 5.5 | ||
| 4 | 38.2 | 9 | 1.8 | ||
| 5 | 27.3 | 10 | -0- |
Iowa Admin. Code r. 191-5.21