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

(1)  The commissioner shall charge as liabilities thesame reserves as are required of incorporated insurers issuing nonassessablepolicies on a reserve basis.

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

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

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

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

(6)  The contingent liability of subscribers shall notbe allowed as an asset.

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