ALBERT C. RITCHIE, GOVERNOR. 1189

per centum shall be charged to the policies written in that year,
forty per centum to the policies written in the second year pre-
ceding, and ten per centum to the policies written in the third
year preceding, and a schedule showing such distribution shall
be included in the annual statement.

All unallocated compensation loss expense payments made
in a given calendar year subsequent to the first three years
in which an insurer has been issuing compensation policies
shall be distributed as follows: Forty 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
calender years in which an insurer issues compensation 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, calculated in accordance with the foregoing
provisions, are inadequate, he may, in his discretion, require
such insurer to maintain additional reserves based upon esti-
mated 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 thereunder in such form as the insurance
commissioner may prescribe.

SEC. 108. 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 obligatory, 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