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.