One-hundred percent of the amount appropriated to the Division of Insurance in the General Appropriations Act for each fiscal year, plus associated fringe benefit costs shall be assessed upon the companies that the Division currently regulates, except for licensed business entity producers and certain excluded companies.
This assessment is billed to entities regulated by the Division of Insurance, whether or not they reported direct premium written ("DPW") in Massachusetts during the previous year. The assessment is a flat dollar calculation and not a proportional calculation based on premium.