Financial History and Assessment Liability Information

NEWS & UPDATES

Insolvency Trends – 2010 Mid-year Issue Now Available The National Conference of Insurance Guaranty Funds’ (NCIGF) has released its mid-year Insolvency Trends – 2010. Authored by the NCIGF legal staff, Insolvency Trends – 2010 provides a complete run-down on recent developments in insolvency law and practice. Click here to view Insolvency Trends – 2010.

UDS D Record Financial/Liquidation Training - Podcast.

UDS D Record Financial/Liquidation Training - PowerPoint with Narrative Notes

UDS D Record IT Training - Podcast

UDS D Record IT Training - PowerPoint with Narrative Notes

Accounting Guidelines Manual Available The National Conference of Insurance Guaranty Funds’ (NCIGF) has released the Accounting Guidelines Manual authored by the NCIGF Accounting Issues Committee. Formerly titled the Financial Reporting Guidelines Manual, the publication provides guidelines on guaranty fund-related accounting practices. Click here to view the Accounting Guidelines Manual.

Guaranty Fund Expenses Compare Favorably to Industry's, Independent Review Shows The National Conference of Insurance Guaranty Funds (NCIGF) has released a review by an independent actuarial firm that shows property and casualty guaranty funds expenses compare favorably to those of industry in the area of claims paying. The “Review of Property and Casualty Insurance Guaranty Fund Expenses” provides an analysis of guaranty fund expenses and a comparison of analogous property and casualty industry expenses for all insolvencies from 2001 through 2004. Click here to view the review.

Data and information set forth on this website has been provided by or derived from data and information provided by third parties. Although we believe that the data and information is generally correct, and care has been taken in the creation and maintenance of this data, we have not made any effort to independently verify such data, and we therefore do not assume any responsibility whatsoever for its accuracy. It is important to understand that in some cases, estimates developed by either NCIGF or third parties have been used. While we believe our estimates are reasonable, and we have no reason to believe that estimates of others are not reasonable, we disclaim any responsibility for the accuracy of such estimates.

Assessment Liability

This section depicts the maximum assessment, net assessable premium and assessments information provided by each state Guaranty Fund for 2008, 2009 and assessments projected for 2010. It also discloses the lines covered by statutory account and assessment procedures.

Assessment Liability Report - 2nd quarter 2010 - last updated 07/01/2010.

The NCIGF will post the Assessment Liability Report for the 2nd Quarter 2010 by June 30^th to assist insurers in estimating their year-end assessment liabilities. The report will provide an update on second quarter 2010 assessments and projected assessments for the remainder of 2010.

Assessments and Refunds

This section shows assessments authorized and refunds from inception of the guaranty fund system through 2008.

Glossary of Terms Used in Assessment History Reporting

Assessments and Refunds by Fund - Inception-to-Date (through 2009) - last update 4/19/2010
Assessments and Refunds by Year - Inception-to-Date (through 2009) - last update 4/19/2010

Financial History

This section shows guaranty fund expenses and recoveries by insolvency from inception of the guaranty fund system through 2008.

Definitions of Terms Used in Financial History Reporting
Inception-to-Date by Company (through 2008) – last update 7/12/2010
Inception-to-Date by Fund (through 2008) – last update 7/12/2010
Inception-to-Date by Year (through 2008) – last update 7/12/2010