Policyholder's liability - Computation as assets of company

The contingent liabilities of the policyholders shall be computed as contingent assets of the company. The unpaid regular premium and premium notes of the policyholders not over twelve (12) months due shall be computed as ledger assets of the company. Acts 1907, ch. 461, § 5; Shan., § 3369a16; Acts 1921, ch. 160, § 5; Code 1932, § 6267; T.C.A. (orig. ed.), § 56-2019. The contingent liabilities of the policyholders shall be computed as contingent assets of the company. The unpaid regular premium and premium notes of the policyholders not over twelve (12) months due shall be computed as ledger assets of the company. Acts 1907, ch. 461, § 5; Shan., § 3369a16; Acts 1921, ch. 160, § 5; Code 1932, § 6267; T.C.A. (orig. ed.), § 56-2019.