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North Dakota
Managing Secretary - Jeffry J. Cahill |
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Assessment Recoupment Provision - Rates & Premiums
Assessment History Authorized but not Called - None Last Assessment - 1987 Maximum Assessment - 2% Total Premiums Assessments Authorized for 2003 - None
Accounts All in One Account : Lines Not Included - 6, 8, 13, 14, 15.1, 15.2, 15.3, 15.4, 15.5, 15.6, 15.7, 24, 28 2002 Premium in Account - $ 772,356,555
Assessment Procedures
North Dakota assesses by insolvency when we need funds. We have not had an assessment for over 10 years. There are situations where we use cash assessed on an older insolvency to fund our currents needs. We do not have separate accounts.
Assessments are calculated on net direct written premium for the year prior to an assessment, not the year of insolvency.
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