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Assigned Risk: Deposit

Deposits of 100%, 75%, 50%, or 25% required, based on estimated annual premium size; where to mail applications.;

Reference: Item Filing RM-W-03-IN-02, effective May 1, 2003, for new and renewal business.
Estimated Annual Premium
Payment Basis
Minimum Initial Percentage
Additional Payments

Under $2,500

Annual
100%
None

At least $2,500

Semi-annual

75%

One

At least $5,000
Quarterly
50%
Three

At least $25,000

Monthly

25%

Eleven



Refer to The Basic Manual Indiana Assigned Risk Special Rules (green pages), page 1, Rule 3.A.6. Deposit Premium

Premium Finance
If mailing the application, all checks, including premium financed checks, must be sent with the application.

General Information
The assigned risk surcharge of 25% applies to an assigned risk policy when the total modified premium is in excess of $2,500 effective January 1, 2003 (Prior to January 1, 2003, the threshold was $2,000). The deposit premium calculation must include the surcharge amount.

If submitting ACORD forms, please send the application with deposit to one of these two addresses (we prefer U.S. Postal Service because of the postmark):

  • via U.S. Postal Service (regular mail or overnight):
NCCI-Indiana
PO Box 74608
Chicago, IL 60675-4608

  • via other overnight delivery:
Lockbox #74608 NCCI, Inc.
Northern Trust Bank
350 N. Orleans St.
Receipt and Dispatch 8th Floor
Chicago, IL 60654

Related Files
Agent Commission for Assigned Risk , Assigned Risk: Binder Date , Assigned Risk: Files Open , Assigned Risk: Players and Documents , National Pool , Residual Market Summary , Servicing Carrier Allowance , Servicing Carrier Contacts , Servicing Carrier Standards , Take-Out Credit Program

Author Ron Cooper
Last Modified By Ron Cooper
Last Modified Date 05/01/2009 04:39 PM

The material in this document has been prepared and shared for informational purposes only and should not be relied upon as legal advice on any particular situation.