379.260. Reserves.
Reserves.
379.260. Such company shall maintain unearned premium andother reserves separately for each kind of insurance, upon thesame basis as that required of domestic stock insurance companiestransacting the same kind of insurance; provided, that anyreserve for losses or claims based upon the premium income shallbe computed upon the net premium income after deducting anyso-called dividend or premium returned or credited to the member.
(RSMo 1939 § 5961)Prior revisions: 1929 § 5850; 1919 § 6260