Section 26-A1705. ASSESSMENTS

 

1705.1In accordance with § 1705.3, members of the Bureau shall bear all costs of the administration of the Bureau, including the following:

 

(a)the administrative costs;

 

(b)the costs of claim payments and related expenses; and

 

(c)the establishment and maintenance of the Administration Fund.

 

1705.2The Governing Committee shall assess the members based upon its determination of either or both actual and projected requirements of the Bureau, and the Administration Fund.

 

1705.3After determining the total required for each assessment, the Governing Committee shall assess its members in the following manner:

 

(a)Each Self-Insurer member's portion of the total assessment shall be determined by multiplying the total assessment by a fraction of the numerator of which is the number of motor vehicles it has self-insured, and the denominator of which is the total number of motor vehicles registered in the District;

 

(b)After subtracting the total amount to be assessed to Self-Insurers based on the formula outlined in § 1705.3 (a), the balance of the assessment shall be paid by Insurer members in proportion to their total written premium in the District for motor vehicle insurance coverage required to be offered by the Act, as reported to the Commissioner for the most recent year that data is available;

 

(c)Until such time as written premium data is available for the motor vehicle insurance coverages required by the Act and required to be offered by insurers pursuant to the Act an assessment shall be made on the same written premium basis as utilized by the Assigned Claims Bureau prior to June 2, 1986; and

 

(d)The manager, at the direction of the Committee, shall prepare and send to each member an assessment billing, accompanied by the most recent financial statement of the Bureau. A composite listing shall be sent to each member and the Commissioner. The Assessment shall be paid within thirty (30) days of billing.

 

1705.4The Bureau shall pay to the District one-half (1/2) of the District's projected expenses to be incurred pursuant to the Act and this chapter by October 1 and one-half (1/2) by April 1 of each fiscal year; provided, that the Bureau shall pay to the District within one hundred twenty (120) days of the effective date of this chapter all costs incurred since March 4, 1986, as a result of efforts to implement the Act.

 

1705.5The fiscal year shall start October 1 of each calendar year and shall end on September 30 of each calendar year.

 

1705.6Within ninety (90) days after the end of each fiscal year, each District agency that received funds from the Administration Fund shall provide an accounting of the money received. If the amount spent is less than the amount received the District shall reimburse the difference to the Bureau within thirty (30) days of the transmittal date of the report.

 

1705.7A District agency may revise its budget projection during the course of a fiscal year. If the revision does not exceed fifteen percent (15%) of its original budget, the Bureau shall pay the increase within forty-five (45) days. If the revision is in excess of fifteen percent (15%), the revision shall be considered pursuant to §§ 1705.7 and 1705.8.

 

1705.8Disbursements from the Administration Fund shall be authorized by the Governing Committee in accordance with projections of the District agencies.

 

source

Final Rulemaking published at 35 DCR 7649(October 21, 1988).