Connecticut

 

 

Management Service

Guaranty Fund Management Services

President - Paul M. Gulko

Assessment Recoupment Provision – Premium Tax Offset (5 years)
Assessment History
	Authorized but not Called - None
	Last Assessment - 2003
	Maximum Assessment - 2% / Account
	Assessments Authorized for 2003:  
Account Assessment Refund
Auto $   1,855,000 $        (298,239)
Other $ 26,825,000 $   (22,160,047)
WC $ 11,689,397 $                    0
Total $ 40,369,397 $ (22,458,286)

Additional Assessment Liability Information (click here)
Accounts
	Workers Compensation:
		Lines included - 16
		2002 Premium in Account - $ 584,469,855
	Auto: 
		Lines included - 19.1, 19.2, 19.3, 19.4, 21.1, 21.2
		2002 Premium in Account - $ 2,583,085,843
	All Other:
		Lines included - 1, 2.1, 3, 4, 5.1, 5.2, 9, 11, 12, 17, 18, 22, 25, 26, 27, some 33
		2002 Premium Within All Other account:	Med Mal - $ 2,211,562,826
							Non-Med Mal - $ 2,175,186,212
 
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  In the case of a withdrawn 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. 

Details of 2003 assessment as listed above.

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