§431:5-203  Liabilities.  In anydetermination of the financial condition of an insurer, liabilities to becharged against its assets shall include:

(1)  The amount of its capital stock outstanding, ifany;

(2)  The amount, estimated consistent with this article,necessary to pay all of its unpaid losses and claims incurred on or prior tothe date of statement, whether reported or unreported, together with theexpense of adjustment or settlement thereof;

(3)  With reference to life and accident and health orsickness insurance, and annuity contracts:

(A)  The amount of reserves on life insurancepolicies and annuity contracts in force, valued according to the tables ofmortality, rates of interest, and methods adopted pursuant to this articlewhich are applicable thereto;

(B)  Reserves for accident and health orsickness benefits, for both active and disabled lives;

(C)  Reserves for accidental death benefits;and

(D)  Any additional reserves which may berequired by the commissioner, consistent with practices adopted or approved bythe National Association of Insurance Commissioners, on account of suchinsurances;

(4)  With reference to insurance other than thosespecified in paragraph (3), the amount of reserves equal to the unearnedportions of the gross premiums charged on policies in force, computed inaccordance with this article;

(5)  Taxes, expenses, and other obligations accrued atthe date of the statement; and

(6)  Any additional reserve set up by the insurer fora specific liability purpose or required by the commissioner consistent withpractices adopted or approved by the National Association of InsuranceCommissioners. [L 1987, c 347, pt of §2; am L 2003, c 212, §38]