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Paul Gulko,
President
Guaranty Fund Management Services
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Assessments Authorized for 2007: |
See Attached |
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ACCOUNTS |
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Auto |
Workers' Comp |
Other |
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Lines Covered |
19.1, 19.2, 19.3, 19.4, 21.1, 21.2 |
16 and excess in 33 |
1, 2.1, 3, 4, 5.1, 5.2, 9, 11, 12, 17, 18, 22, 25, 26, 27, some 33 |
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2006
Net Assessable Premium |
$ 2,747,044,896 |
$ 722,210,508 |
$ 2,599,210,818 |
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Maximum Assessment (2%) |
$ 54,940,898 |
$ 14,444,210 |
$ 51,984,216 |
Assessment Recoupment Provision -
Premium Tax Offset (5 years)
Assessment Procedures -
Assessment base year is year prior to year of assessment. In the case of a withdrawn insurer, the average of its net direct written premium for the five calendar years prior to expiration or termination of its license, whether or not the insurer has net direct written premium in the year preceding such expiration or termination, shall be used as its assessment base for any year following such expiration or termination in which the insurer has no direct written premium.
Assess by insolvency by account.
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