1846 ARTICLE 48A.

per centum shall be charged to the policies written in that year, forty-five
per centum to the policies written in the preceding year, ten per centum
to the policies written in the second year preceding and five per centum
to the policies written in the third year preceding." Such payments made
in each of the first three calendar years in which an insurer issues compen-
sation policies shall be distributed as follows: In the first calendar year
one hundred per centum shall be charged to the policies written in that
year; in the second calendar year fifty per centum shall be charged to
the policies written in that year and fifty per centum to the policies written
in the preceding year; in the third calendar year forty-five per centum
shall be charged to the policies written in that year, forty-five per centum
to the policies written in the preceding year and ten per centum to the
policies written in the second year preceding, and a schedule showing such
distribution shall be included in the annual statement.

Whenever, in the judgment of the insurance commissioner, the liability
or compensation loss reserves of any insurer under his supervision, cal-
culated in accordance with the foregoing provisions, are inadequate, he
may, in his discretion, require such insurer to maintain additional reserves
based upon estimated individual claims, or otherwise.

Each insurer that writes liability or compensation policies shall include
in the annual statement required by law a schedule of its experience there-
under in such form as the insurance commissioner may prescribe.

1922, ch. 492, sec. 108.

111. Fidelity, Surety and Casualty Claim Reserves. The reserve for
all other outstanding losses under any and all other classes of casualty
insurance policies and under every character of bond and writing obliga-
tory, executed by such casualty or bonding insurance company, shall be
determined by a consideration of facts and circumstances of each particu-
lar claim, the amount so set aside as a reserve to be reasonably sufficient to
cover the probable expense and payments in each case. The reserves for
claims of the classes mentioned in this section shall be first estimated and
set aside by each such company and may be inquired into and verified by
the insurance commissioner, or any examiner from his office, during any
regular examination of said company, and if found to be inadequate, the
said company may be required to set aside such reserves on claims men-
tioned in this section as may in the aggregate be deemed reasonably and
fairly sufficient by the insurance commissioner.

1922, ch. 492, sec. 109.

112. Revocation, of Licenses of Foreign Companies. Any foreign com-
pany authorized to do in this state the classes of business embraced within
the provisions of this sub-title, f ailing or refusing to maintain the premium,
loss and other reserves as required by this article, shall have its license to do
business in this state revoked until all the requirements of this article
with reference to said reserves shall have been fully complied with.