Premiums to include amounts sufficient for assessments.

Checkout our iOS App for a better way to browser and research.

58-29A-103. Premiums to include amounts sufficient for assessments.

The rates and premiums charged for insurance policies to which this chapter applies shall include amounts sufficient to recoup a sum equal to the amounts paid to the association by the member insurer less any amounts returned to the member insurer by the association and such rates may not be deemed excessive because they contain an amount reasonably calculated to recoup assessments paid by the member insurer.

Source: SL 2000, ch 247, §50.


Download our app to see the most-to-date content.