§431:5-302  Unearned premium reserve formarine and transportation.  Marine and transportation insurance policypremiums on trip risks not terminated shall be deemed unearned.  Thecommissioner may require the insurer to carry a reserve equal to one hundredper cent on trip risks written during the month ended as of the date ofstatement, and:

(1)  Computed upon a pro rata basis; or

(2)  With the commissioner's consent, in accordancewith the alternative methods provided in section 431:5-301(c) and section431:5-301(d). [L 1987, c 347, pt of §2; am L 1997, c 368, §5]