Virginia

 

 

Management Service

Guaranty Fund Management Services

President - Paul M. Gulko

Assessment Recoupment Provision - Premium Tax Offset - (10% / Year)
Assessment History
	Authorized but not Called - None
	Last Assessment - 2003
	Maximum Assessment - 2% / Account
	Assessments Authorized for 2003: 	
Account Assessment
Other $ 21,000,000
WC $ 13,929,794
total $ 34,929,794
Additional Assessment Liability Information (click here)
Accounts
	Workers Compensation:
		Lines included - 16
		2002 Premium in Account - $ 696,489,689
	Auto: 
		Lines included - 19.1, 19.2, 19.3, 19.4, 21.1, 21.2
		2002 Premium in Account - $ 4,019,913,439
	All Other:
		Lines included - 1, 2.1, 3, 4, 5.1, 5.2, 8 (partial), 9 (partial), 11, 
		12, 17, 18, 22, 25, 26, 27 and some 31
  		2002 Premium in Account - $ 2,611,450,379

Assessment Procedures

Assessment base year is year prior to year of assessment.

Assess by insolvency by account.

Details of 2003 assessment are listed above.

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