§431:4-419  Assessment.  (a)  Assessmentmay be levied from time to time upon the subscribers of a domestic reciprocalinsurer, other than as to nonassessable policies, by the attorney upon approvalin advance by the subscribers' advisory committee and the commissioner, or bythe commissioner in liquidation of the insurer.

(b)  Each subscriber's share of a deficiencyfor which an assessment is made, not exceeding in any event the subscriber'saggregate contingent liability as computed in accordance with section431:4-418, shall be computed by applying to the premium earned on thesubscriber's policy or policies during the period to be covered by theassessment, the ratio of the total deficiency to the total premiums earnedduring the period upon all policies subject to assessment.

(c)  In computing the earned premiums for thepurposes of this section, the gross premium received by the insurer for thepolicy shall be used as a base, deducting therefrom solely charges notrecurring upon the renewal or extension of the policy.

(d)  No subscriber shall have an offset againstany assessment for which the subscriber is liable on account of any claim forunearned premium or losses payable. [L 1987, c 347, pt of §2]