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Alabama Executive Director - Betty S. Davis |
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Assessment Recoupment Provision - Premium Tax Offset - (20% / Year)
Assessment History: Authorized but not Called - None Last Assessment - 2003 Maximum Assessment - 1% / Account Assessments Authorized for 2003 - $ 47,324,053 in Workers' Comp
Accounts
Workers Compensation:
Lines included - 16 and Excess WC in 31
2002 Premium in Account - $ 354,373,636
Auto:
Lines included - 19.1, 19.2, 19.3, 19.4, 21.1, 21.2
2002 Premium in Account - $ 2,347,690,865
All Other:
Lines included - 1, 2.1, 3, 4, 5.1, 5.2, 9, 10, 11, 12, 17, 18, 22, 26, 27
2002 Premium in Account - $ 2,030,340,855
Assessment Procedures
The AIGA assesses by
account. We expect to assess the workers compensation account for the next
several years. As the AIGA can only assess 1% of net direct premiums, the
reserves for Reliance alone, will require approximately 20 years.
last updated