Section 762IAC2-1-3. Assessments

Latest version.

   (a) In any twelve (12) month period, no additional assessment shall exceed one hundred percent (100%) of the assessment paid by the member for the last twelve (12) month period in which it was a member.

  (b) Notwithstanding subsection (a), a member may voluntarily pay the full amount of any additional assessment at any time.

  (c) Members' assessments and capitalization are due no later than the first day of renewal for each year. (Indiana Political Subdivision Risk Management Commission; 762 IAC 2-1-3; filed Sep 3, 2002, 3:34 p.m.: 26 IR 27; readopted filed Nov 20, 2008, 3:38 p.m.: 20081210-IR-762080737RFA; readopted filed Nov 17, 2014, 3:47 p.m.: 20141217-IR-762140198RFA)

                    
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