§431:5-204  Determining financial condition
of reciprocal insurers.  In determining the financial condition of a
reciprocal insurer, the commissioner shall apply the following rules:



(1)  The commissioner shall charge as liabilities the
same reserves as are required of incorporated insurers issuing nonassessable
policies on a reserve basis.



(2)  The surplus deposits of subscribers shall be
allowed as assets, except that any premium deposit delinquent for ninety days
shall first be charged against the surplus deposits.



(3)  The surplus deposits of subscribers shall not be
charged as a liability.



(4)  All premium deposits delinquent less than ninety
days shall be allowed as assets.



(5)  An assessment levied upon subscribers and not
collected, shall not be allowed as an asset.



(6)  The contingent liability of subscribers shall not
be allowed as an asset.



(7)  The computation of reserves shall be based upon
premium deposits other than membership fees, and without any deduction for the
compensation of the attorney. [L 1987, c 347, pt of §2]