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56-12-120. Unearned premium claims. -

(a) All obligations for unearned premium claims shall include only that amount of each covered claim that is in excess of two hundred fifty dollars ($250 ) and is less than ten thousand dollars ($10,000).


  1. Unearned premium claims arising out of workers' compensation policies shall be subject to the limitations of subsection (a).

  2. Unearned premium claims shall not include credit adjustments developed under retrospective rating plans.

[Acts 1989, ch. 316, 2.]

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