Statutes, codes, and regulations
Indiana Administrative Code
Title 762 - INDIANA POLITICAL SUBDIVISION RISK MANAGEMENT COMMISSIONArticle 2 - MEMBERSHIP IN POLITICAL SUBDIVISION RISK MANAGEMENT FUND AND CATASTROPHIC LIABILITY FUND
Rule 762 IAC 2-1 - Responsibilities
Section 762 IAC 2-1-3 - Assessments

762 Ind. Admin. Code 2-1-3

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Current through December 4, 2024
Section 762 IAC 2-1-3 - Assessments

Authority: IC 27-1-29-16; IC 27-1-29.1-20

Affected: IC 27-1-29-4; IC 27-1-29.1

Sec. 3.

(a) In any twelve (12) month period, no additional assessment shall exceed one hundred percent (100%) of the assessment paid by the member for the last twelve (12) month period in which it was a member.
(b) Notwithstanding subsection (a), a member may voluntarily pay the full amount of any additional assessment at any time.
(c) Members' assessments and capitalization are due no later than the first day of renewal for each year.

762 IAC 2-1-3

Indiana Political Subdivision Risk Management Commission; 762 IAC 2-1-3; filed Sep 3, 2002, 3:34 p.m.: 26 IR 27; readopted filed Nov 20, 2008, 3:38 p.m.: 20081210-IR-762080737RFA
Readopted filed 11/17/2014, 3:47 p.m.: 20141217-IR-762140198RFA
Readopted filed 11/24/2020, 10:28 a.m.: 20201223-IR-762200465RFA