|
Steve Perrone, Executive
Director
| |
Assessments Authorized for 2007: |
No assessments authorized |
|
|
|
| |
Assessments Authorized but not Called
|
Premium Account |
Premium Base Year
|
Base Amount
|
Amount
Assessed |
|
Other |
1984 |
$1,914,854,000 |
$700,000 |
|
Other |
1986 |
$3,318,489,000 |
$7,560,000 |
|
Other |
1987 |
$3,560,427,000 |
$1,000,000 |
|
Other |
1990 |
$3,896,854,000 |
$750,000 |
|
Other |
1995 |
$3,971,480,219 |
$1,000,000 |
|
Auto |
2000 |
$6,235,185,199 |
$4,000,000 |
|
Other |
2002 |
$5,577,809,820 |
$96,896,000 |
|
Auto |
2002 |
$7,512,028,004 |
$5,260,000 |
|
Other |
2003 |
$6,175,421,253 |
$42,525,000 |
|
Auto |
2003 |
$8,030,746,898 |
$1,170,000 |
|
Auto |
2004 |
$8,416,237,503 |
$300,000 |
|
Other |
2004 |
$6,525,489,166 |
$250,000 |
|
Auto |
2005 |
$8,369,291,135 |
$8,567,705 |
|
Other |
2005 |
$6,832,034,035 |
$14,675,000 |
|
|
|
|
|
|
TOTAL |
|
|
$184,653,705 |
|
| |
ACCOUNTS |
| |
Auto |
Other |
|
Lines Covered |
19.1, 19.2, 19.3, 19.4, 21.1, 21.2 |
1, 2.1, 3, 4, 5.1, 5.2, 9, 11, 12, 17, 18, 22, 26, 27,
31 |
|
2006 Net Assessable Premium |
$ 8,255,467,610 |
$ 7,171,976,736 |
|
Maximum Assessment (2%) |
$ 165,109,352 |
$ 143,439,535 |
Assessment Recoupment Provision -
Rates & Premiums
Assessment Procedures - Pennsylvania Property & Casualty Insurance
Guaranty Association assesses by Account and by Insolvency, based on financial
needs.
Assessments are based on prior year’s
premiums of the year the Assessment is authorized.
Finally, in estimating the cost of these
insolvencies, one component of the calculation is always missing: The amount
that will be recouped from the Liquidator. Early Access Funds are very important
to all Guaranty Funds and we would hope that more attention be focused on
obtaining these funds to lessen the burden on all Member Companies.
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