TITLE 50: INSURANCE
CHAPTER I: DEPARTMENT OF INSURANCE
SUBCHAPTER l: PROVISIONS APPLICABLE TO ALL COMPANIES
PART 912 COMMISSION ACCOUNTING FOR DIRECT PREMIUM
SECTION 912.60 EFFECTIVE DATE OF THE MANDATORY COMMISSION RESERVE
CHAPTER I: DEPARTMENT OF INSURANCE
SUBCHAPTER l: PROVISIONS APPLICABLE TO ALL COMPANIES
PART 912 COMMISSION ACCOUNTING FOR DIRECT PREMIUM
SECTION 912.60 EFFECTIVE DATE OF THE MANDATORY COMMISSION RESERVE
Section 912.60 Effective Date of the Mandatory Commission Reserve
In all cases, the Mandatory Commission Reserve shall be fully established not later than December 31, 1964. The Director shall have the authority to extend the time for the establishment of this reserve by any company for reasons which he shall deem good and sufficient.