§ 26-27-122 — Assessment of subscribers

(a) Upon advance approval by the subscribers' advisory
committee and the commissioner, the attorney may levy
assessments upon subscribers of a domestic reciprocal insurer
liable therefor under the terms of their policies. The
commissioner may also levy assessments upon subscribers in
liquidation of the insurer.
(b) Each subscriber's share of a deficiency for which an
assessment is made, but not exceeding in any case his aggregate
contingent liability as computed in accordance with W.S.
26-27-124, 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 that period upon all policies
subject to the assessment.
(c) In computing the earned premiums for the purposes of
this section, the gross premium the insurer receives for the
policy shall be used as a base, deducting therefrom solely
charges not recurring upon the policy renewal or extension.
(d) No subscriber shall have an offset against any
assessment for which he is liable, because of any claim for
unearned premium or losses payable.