Sec. 32.1310  Prepaid insurance.

    This account shall include the amount of insurance premiums paid in 
advance of the period in which they are chargeable to income, except 
premiums chargeable to telecommunications plant under construction and 
minor amounts which may be charged directly to the final accounts. As 
the term expires for which the premiums are paid, this account shall be 
credited monthly and the appropriate account charged.