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FY
2007 FUND SURCHARGE RATING PROCEDURE FOR FUND CLASS
GROUPS 15 THROUGH 21
Apply the following
percentage surcharge rates to the premium charged
by the insurer for the required basic professional
liability coverage:
For Fund Coverage
Limit Of $100,000/$300,000
the surcharge rate is an amount equal to
20%
of the basic professional liability insurance
premium.
For Fund Coverage
Limit Of $300,000/$900,000
the surcharge rate is an amount equal to
30%
of the basic professional liability insurance
premium.
For Fund Coverage
Limit Of $800,000/$2,400,000
the surcharge rate is an amount equal to
35%
of the basic professional liability insurance
premium.
Note: The above
surcharge percentages are to be applied to the
basic coverage premium without reduction for any
deductible premium credit.
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