“This is a fully assessable policy. If the fund is unable to pay its obligations, policyholders must contribute on a pro rata earned premium basis the money necessary to meet any unfilled obligations.”If the application is signed by the applicant, it must be conclusively presumed that there was an informed, knowing acceptance of the assessment liability that exists as a result of participation in the fund.
- Froogled By:
- Elias Makere, FSA, MAAA
- Last Froogled:
§440.585 FS | Workers' Compensation Group Self-Insurance Fund Application Disclosure
Feel free to use it throughout your financial/insurance life.
Sincerely,
www.FroogleMe.com
