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Are Policyholders Subject to Assessments in Addition to Their Premium and Surplus Contribution?

April 26, 2017addition assessments contribution policyholders Premium Subject surplus

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Are Policyholders Subject to Assessments in Addition to Their Premium and Surplus Contribution?

1 Answer

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No, unless the reciprocal has chosen to be assessable. Conventus is organized with sufficient capital so that policyholders are not obligated to pay additional money for past losses for which reserves are inadequate.