Posted On: July 11, 2007, 7:31 am CDT

Posted By: Stat Guy

Our company pays into this fund so we will benefit directly but I doubt if our rates will be adjusted based on a drop in the assessment rate, no matter how much of a drop there is. This is just a reduction in a quasi-"tax", not an "expense", on insurance companies which would not be a factor in determining rates. In fact, many states do not allow companies to consider the expense of doing business in their rate filings so the article is not only misleading but means nothing practical to insurance consumers.