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



(b)  Each subscriber's share of a deficiency
for which an assessment is made, not exceeding in any event the subscriber's
aggregate contingent liability as computed in accordance with section
431:4-418, shall be computed by applying to the premium earned on the
subscriber's policy or policies during the period to be covered by the
assessment, the ratio of the total deficiency to the total premiums earned
during the period upon all policies subject to assessment.



(c)  In computing the earned premiums for the
purposes of this section, the gross premium received by the insurer for the
policy shall be used as a base, deducting therefrom solely charges not
recurring upon the renewal or extension of the policy.



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