Each licensed financial guaranty insurance corporation shall establish and maintain an unearned premium reserve calculated in accordance with the accounting requirements of the National Association of Insurance Commissioners Accounting Practices and Procedures Manual, version effective January 1, 2001, and subsequent revisions.
Conn. Gen. Stat. § 38a-92e
Unearned premium reserve
(P.A. 93-136, S. 6; P.A. 00-30, S. 8, 14.) History: P.A. 00-30 added requirement that unearned premium reserve be “calculated in accordance with the accounting requirements of t…
Official source: Connecticut General Assembly. Reproduced from public-domain Connecticut statutes; confirm against the official source for the current text. Not legal advice.