(a) All money that the Fund receives from the Association to pay an assessment during the calendar year shall be considered a direct contribution to surplus for purposes of the annual statement.
(b) (1) The Fund shall include in its annual statement to the Commissioner an accounting of all money received during the preceding calendar year from the Insufficiency Assessment Reserve Fund.
(2) When filing a rate with the Commissioner, the Fund may not consider money that is received from or that remains in the Insufficiency Assessment Reserve Fund.
Structure Maryland Statutes
Title 20 - Maryland Automobile Insurance Fund
Subtitle 4 - Industry Automobile Insurance Association
Section 20-403 - Board of Directors
Section 20-404 - Certification of Operating Loss and Assessment Limit
Section 20-405 - Assessments Generally
Section 20-406 - Authorization to Impose Assessment Surcharges
Section 20-407 - Election to Impose Assessment Surcharges
Section 20-408 - Collection of Assessment Surcharges
Section 20-409 - Adjustments to Assessment Surcharges