Ky. Rev. Stat. § 304.6-060

Current through Acts Received April 24, 2024
Section 304.6-060 - Unearned premium reserve for 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 commissioner shall require the insurer to carry a reserve equal to one hundred percent (100%) of premiums on trip risks written during the month ended as of the date of statement.

KRS 304.6-060

Effective:7/15/2010
Amended 2010, Ky. Acts ch. 24, sec. 998, effective7/15/2010. -- Created 1970 Ky. Acts ch. 301, subtit. 6, sec. 6, effective 6/18/1970.