NRS 681B.070 Reserve for unearned premiums for marine and transportation insurance.
62 words·~1 min read·
/nv/chapter-681b-assets-and-liabilities/681b-070·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
NRS 681B.070 Reserve for unearned premiums 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 may require the insurer to carry a reserve equal to 100 percent of premiums on trip risks written during the month ended as of the date of statement.