Paul Gulko, President
Guaranty Fund Management Services

Assessment Recoupment Provision - Rates & Premiums

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  In the case of a withdrawn insurer, the average of its net direct written premium for the 5 calendar years prior to withdrawal, excluding premium on business written as a workers’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. 

Assesses by insolvency by account.