NCIGF Releases 4th Quarter Assessment Liability Report

By Amy Clark

The NCIGF Accounting department has released the 4th Quarter Assessment Liability Report. Download it by clicking here.

The Assessment Liability Report includes – by a statutory account of each property and casualty (P&C) guaranty fund – the maximum assessment (capacity), net assessable premium, actual and projected assessment/refund information, lines of business, recoupment provisions, assessment types, and procedures. The NCIGF publishes the Assessment Liability Report – which is compatible with the assessment reporting guideline – SSAP 35R – prior to each quarter-end to assist insurers in estimating their P&C guaranty fund assessment liabilities. Also included is a “5-year History of Assessments.”

More information about Guaranty Fund Assessment info can be found on the Assessment Liability Page.

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