The reserve for outstanding losses under insurance against loss or damage from accident to or injuries suffered by an employee or other person and for which the insured is liable shall be computed as follows:

(1) For all liability insurance actions being defended under policies written more than:

(A) Ten years prior to the date as of which the statement is made, $1,500.00 for each action;

(B) Five or more and less than ten years prior to the date as of which the statement is made, $1,000.00 for each action; or

(C) Three or more and less than five years prior to the date as of which the statement is made, $850.00 for each action;

(2) For all liability policies written during the three years immediately preceding the date as of which the statement is made, the reserve shall be 60 percent of the earned liability premiums of each of such three years less all losses and expense payments made under liability policies written in the corresponding years; but, in any event, the reserve shall for the first of the three years be not less than $750.00 for each outstanding liability action on the year's policies;

(3) For all workers' compensation claims under policies written more than three years prior to the date as of which the statement is made, the reserve shall be the present value at 4 percent interest of the determined and the estimated future payments; or

(4) For all workers' compensation claims under policies written in the three years immediately preceding the date as of which the statement is made, the reserve shall be 65 percent of the earned compensation premiums of each of the three years, less all loss and loss expense payments made in connection with the claims under policies written in the corresponding years. But in any event in the case of the first year of any three-year period, the reserve shall be not less than the present value at 4 percent interest of the determined and the estimated unpaid compensation claims under policies written during the year.