§ 1507. Unearned premium reserve for marine insurance
Oklahoma Statutes AnnotatedTitle 36. Insurance
36 Okl.St.Ann. § 1507
§ 1507. Unearned premium reserve for marine insurance
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.
Credits
Laws 1957, p. 282, § 1507, operative July 1, 1957.
36 Okl. St. Ann. § 1507, OK ST T. 36 § 1507
Current with emergency effective legislation through Chapter 125 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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