| Description | Maximum rate permitted | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Motor Vehicle Insurance | 0.200% | 0.044% | 0.042% | 0.042% | 0.042% | 0.050% |
| Fire Insurance | 1.250% | 0.274% | 0.254% | 0.251% | 0.222% | 0.136% |
| Workers' Compensation Insurance | 0.600% | 0.067% | 0.068% | 0.070% | 0.083% | 0.077% |
| Casualty Insurance | 0.400% | 0.053% | 0.053% | 0.044% | 0.027% | 0.037% |
| Title Insurance | 1.000% | 0.068% | 0.052% | 0.044% | 0.030% | 0.050% |
| Life, Accident, and Health Insurance | 0.040% | 0.040% | 0.040% | 0.040% | 0.040% | 0.037% |
| Third Party Administrators | 1.000% | 0.009% | 0.008% | 0.011% | 0.023% | 0.018% |
| Health Maintenance Organizations | $2/ Enrollee | |||||
| Single Service HMO | $0.28 | $0.29 | $0.29 | $0.29 | $0.28 | |
| Multi-Service HMO | $0.84 | $0.87 | $0.87 | $0.87 | $0.85 | |
| Limited Service HMO | $0.28 | $0.29 | $0.29 | $0.29 | $0.28 | |
| Prepaid Legal services (nonprofit) | 1.000% | abolished | ||||
| Division of Workers' Compensation / Office Injured Employee Counsel | 2.000% | 2.000% | 2.000% | 2.000% | 2.000% | 2.000% |
| Workers' Compensation Certified Self-Insurer | 2.000% | 2.000% | 2.000% | 2.000% | 2.000% | 2.000% |
| Workers' Compensation Self Insurance Group | 2.000% | 2.000% | 2.000% | 2.000% | 2.000% | 2.000% |
| Workers' Compensation Self Insurance Group | 0.600% | 0.067% | 0.068% | 0.070% | 0.083% | 0.077% |
| Workers' Compensation Research / Evaluation | 0.100% | 0.034% | 0.037% | 0.033% | 0.027% | 0.018% |
| Description | Maximum rate permitted | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Examination Overhead Assessment | ||||||
| Admitted Assets | NA | 0.00141% | 0.00116% | 0.00096% | 0.00076% | 0.00048% |
| Gross Premium Receipts | NA | 0.00441% | 0.00251% | 0.00273% | 0.00265% | 0.00122% |
| Foreign Company Assessment | NA | **SEE BELOW | **SEE BELOW | **SEE BELOW | **SEE BELOW | **SEE BELOW |
| Premium Finance Assessment | NA | 0.00000% | 0.00000% | 0.00000% | 0.00000% | 0.00000% |
| Premium Finance - Minimum Assessment | NA | $250 | $250 | $250 | $250 | $250 |
** Foreign Company Assessment - A foreign insurance company examined in 2021, or an exam beginning in 2021 and completed in 2022, must pay an annual assessment using the rates for admitted assets and gross premium receipts.
Premium finance assessment instructions for calendar year 2021
On or before April 1, 2022, each insurance premium finance company holding a license issued by the department under the Insurance Code Section 651.006 (A) shall pay an assessment to cover the general administrative expenses attributable to the regulation of insurance premium finance companies. The assessment to cover general administrative expenses shall be $250.00. The assessment is filed as part of the Annual Operations Report.