How are my companys quarterly assessments calculated?
A1: Using the data your company submits each quarter, we produce a report called the “Compiled Figures Report”: Form #4 (accident years 1999 and subsequent for policies in force after 7/1/1999) Calculated Assessment Charges on Form #4 Compiled Figures Reports are calculated by taking the number of zero dollar threshold earned exposures in each territory, multiplied by the base rate for that territory, multiplied by the assessment percentage for that accident year. The sum of all the territory assessments is your total calculated assessment. Note that on Form #4, verbal threshold earned exposures must also be reported (as discussed later, these will be used to determine your companys provisional reimbursement, not your provisional assessment).
