Year of Addition | Release |
Year 11 | Equally over 10 years |
Year 2 | Equally over 9 years |
Year 3 | Equally over 8 years |
Year 4 | Equally over 7 years |
Year 5 | Equally over 6 years |
Year 6 | Equally over 5 years |
1(The calendar year following July 24, 2005).
(3) A supplemental reserve shall be established consisting of any other reserves necessary, when taken in combination with the reserves required by subsections (1) and (2) of this section, to cover the company's liabilities with respect to all losses, claims, and loss adjustment expenses.
(4) The supplemental reserve required under subsection (3) of this section shall be phased in as follows: Twenty-five percent of the otherwise applicable supplemental reserve is required until December 31, 2006; fifty percent of the otherwise applicable supplemental reserve is required until December 31, 2007; and seventy-five percent of the otherwise applicable supplemental reserve is required until December 31, 2008.