The unearned premium reserve shall be computed in accordance with section 515.47, except that all premiums on risks written for one year or less must be reserved on a monthly pro rata basis, and the reserve for those policies covering a risk period of more than five years shall be computed in accordance with formulae filed by the insurer and approved by the commissioner of insurance.
[C66, 71, 73, 75, 77, 79, 81, § 515C.3]
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Last update: Thu Mar 18 15:00:31 CST 1999
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