In estimating the financial condition of any exchange the commissioner shall observe the following rules:
- (a) He or she shall charge as liabilities the same reserves as are required of incorporated insurers issuing nonassessable policies on a reserve basis.
- (b) Surplus deposits of subscribers shall not be charged as a liability.
- (c) All premium deposits and surplus deposits of subscribers due and unpaid for a period not exceeding 90 days shall be allowed as admitted assets, as in the case of incorporated insurers issuing nonassessable policies on a reserve basis.
- (d) An assessment levied as provided in this chapter, and not collected shall in no event be allowed as an asset.
- (e) The computation of reserves shall be based upon premium deposits without any deduction for the compensation of the attorney.