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How are the Quarterly Reimbursements calculated?

April 26, 2017calculated quarterly reimbursements

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How are the Quarterly Reimbursements calculated?

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A6: After we have collected the Monthly Payments for a given account quarter, we redistribute those funds (along with the investment income earned on those funds while held by NJAIRE during the quarter) to each company: Provisional reimbursements for a given transaction quarter will be calculated by multiplying your companys percentage of the industrywide total verbal threshold earned exposures in the account quarter two quarters prior by the total assessments collected (via the monthly payments) in the transaction quarter.