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What are uncollectible assessment?

assessment uncollectible
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What are uncollectible assessment?

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Uncollectible assessments are assessments that the Receiver is unable to collect from policyholders. For example, some policyholders may be bankrupt and will be unable to pay their shares of the assessments. These uncollectible amounts represent uncollectible assessments that must be recovered from the other policyholders.

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