Net premiums due and uncollected in life insurance

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IC CIRCULAR LETTER NO. 11/91: Net premiums due and uncollected in life insurance

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Title Supreme Court: Net premiums due and uncollected in life insurance

Law: Ic Circular Letter No. 11/91

Decision Date: May 29, 1991

The Insurance Commission allows life insurance companies to recognize uncollected net premiums as admitted assets for financial assessments, provided certain conditions regarding initial payments and reserves are met, effective from the 1991 valuation year.

net premiums

life insurance

uncollected premiums

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