National Conference of Insurance Guaranty Funds

Assessment History	Assessments Authorized for 2007:				Work Comp $11,359,302.
	ACCOUNTS
	Auto		Workers' Comp		Other
Lines Covered	19.1, 19.2, 19.3, 19.4, 21.1, 21.2 and some 33		16 and some 33		5.1, 5.2, 8, 10, 11, 17.1, 17.2, 18.1, 18.2, 22, 23, 24, 26, 27, and some 33
2006 Net Assessable Premium	$ 6,856,070,186		$ 1,135,930,208		$ 3,372,414,268
Maximum Assessment (1%)	$ 68,560,702		$ 11,359,302		$ 33,724,143
		Title		Fire & Allied Lines
Lines Covered		29		1, 2.1, 2.2, 3, 4, 6, 9, 12, 28, and some 33
2006 Net Assessable Premium		$ 395,502,439		$ 3,289,880,772
Maximum Assessment (1%)		$ 3,955,024		$ 32,898,808

Assessment Recoupment Provision - Rates & Premiums

Assessment Procedures - Separate assessments shall be made for each category (account). The assessment for each category shall be used to pay the claim payments and costs allocated to that category. The assessment for each category shall be in proportion to the net direct premiums written, after deducting dividends paid or credited to the policyholder, by each member insurer in this state for kinds of insurance included within each category, as reported in the most recent annual statement available at the time of the assessment.

page last updated 03/05/2008

Michigan Property & Casualty Guaranty Association Assessment Liability Reporting

Michigan Property & Casualty Guaranty Association
Assessment Liability Reporting