North Dakota

 

 

Managing Secretary - Jeffry J. Cahill

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.

last updated