La. Rev. Stat. § 22:763
Reserve for marine and transportation (inland marine) insurance
Louisiana · Louisiana Revised Statutes Title 22 — Insurance · Status: effective
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- La. Rev. Stat. § 22:763, Reserve for marine and transportation (inland marine) insurance, Louisiana, version 1 as recorded 2026-10-04, yourstate.us, https://yourstate.us/provision/2704389
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Full text
In the case of policies of marine or inland navigation or transportation insurance the unearned premium reserve, to be charged as a liability shall be fifty percent of the amount of the premiums upon risks covering not more than one passage not terminated and shall be upon a pro rata basis for all other policies.
Acts 1958, No. 125; Redesignated from R.S. 22:892 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009; Acts 2009, No. 503, §1.
NOTE: Former R.S. 22:763 redesignated as R.S. 22:2044 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009.