20-2214. Member participation in writings, expenses, servicing allowance, management fees and losses
All members of the association shall participate in its writings, expenses, servicing allowance, management fees and losses in the proportion that the net direct premium of each member, excluding that portion of a premium attributable to the operation of the association, written during the preceding calendar year bears to the aggregate net direct premium written in this state by all members of the association. Each member's participation in the association shall be determined annually on the basis of the net direct premium written during the preceding calendar year.
Section: Previous 20-2207 20-2208 20-2209 20-2210 20-2211 20-2212 20-2213 20-2214 20-2215 20-2216 20-2217 20-2218 20-2219 20-2220 20-2221 NextLast modified: October 13, 2016