Section 9-313 - Recoupment of assessments paid by member insurers.
§ 9-313. Recoupment of assessments paid by member insurers.
The rate and premium charged for a policy or surety bond to which this subtitle applies:
(1) shall include an amount sufficient to recoup, over a reasonable length of time of not less than 3 years, the amount paid to the Corporation by the member insurer less any amount returned to the member insurer by the Corporation; and
(2) may not be considered excessive because the rate and premium contain an amount reasonably calculated to recoup assessments paid by the member insurer.
[An. Code 1957, art. 48A, § 516; 1996, ch. 11.]