Special Maintenance (Life) Assessment

Statutory Cite: MGL C. 26, §8J
Anticipated Billing Date: March 2016
FY17 Amount: $1,014,000.00

Purpose: The Commissioner of Insurance shall make a special division of insurance maintenance assessment in each fiscal year against each life insurer licensed to do business in the commonwealth.

Basis: The assessment is made proportionately against each life insurer based on the percentage of so much of the premium as is reported on line twenty-two, columns three, four, and five of schedule T of the life insurer's most recent annual statement as compared to the total premium reported in line twenty-two, columns three, four and five of schedule T.

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