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Are there any charge backs to members if the Group suffers a bad year with losses?

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Are there any charge backs to members if the Group suffers a bad year with losses?

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No! Members’ policies are “guaranteed cost” policies. That means that premiums paid for a given year are all that a member is responsible for. Since there are no “joint and several” liability issues, members can not be assessed additional premiums in the future for past losses.

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