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% of premiums on trip risks written during the month ended as of the date of statement.
Del. Code tit. 18, § 1107
Unearned premium reserve for marine and transportation insurance
Applied in 1 court decision — leading case Township of Bristol v. 1 Enterprises, LLC (2018)
Most recently applied in Township of Bristol v. 1 Enterprises, LLC (January 2018)
18 Del
Official source: Delaware Code Online. Reproduced from public-domain Delaware statutes; confirm against the official source for the current text. Not legal advice.