Maine

Management Service

Guaranty Fund Management Services

President - Paul M. Gulko

 
Assessment Recoupment Provision - Rates & Premiums
Assessment History
	Authorized but not Called - None
	Last Assessment - 2003
	Maximum Assessment - 2% / Account
	Assessments Authorized for 2003:
Account Regular Assessment  Refund
Auto $                  0 $       (227,296)
Other $          50,000 $       (533,758)
WC $     2,033,042 $                   0
Total $    2,083,042 $     (761,054)
     
  Deficiency Assessment  
Auto $     4,337,697  
Other $     3,662,303  
Total $    8,000,000   


Additional Assessment Liability Information (click here)
Accounts
	Workers Compensation:
		Lines included - 16
		2002 Premium in Account - $  101,652,114
	Auto: 
		Lines included - 19.1, 19.2, 19.3, 19.4, 21.1, 21.2
		2002 Premium in Account - $ 689,732,088
	All Other:
		Lines included - 1, 2.1, 3, 4, 5.1, 5.2, 9, 11, 12, 17, 18, 22, 23, 24, 25, 26, 27, some 33
  		2002 Premium in Account - $ 582,338,616

 

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  In the case of a withdrawn insurer, the average of its net direct written premium for the 5 calendar years prior to withdrawal, excluding premium on business written as a workers’ compensation residual market servicing carrier for assessments made on or after January 1, 1996, must be used as its assessment base for any year following withdrawal in which the insurer has no net direct written premium. 

Assess by insolvency by account.

Details of 2003 assessment as listed above.

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