Past Assessments
| Date Levied | Percentage | Annualized | Amount Generated | Estimated Liabilities For IBNR And Incomplete Claims | Cash Balance |
| 11/21/88 | 0.25% |
$72,837 | (Date of Inception 9/1/88) | ||
| 11/20/89 | 0.25% | ||||
| 5/22/90 | 4.00% | $1,484,018* | $26,989* | ||
| 9/15/90 | 6.00% | $2,150,491 | $15,600,000 | $1,360,703 | |
| 9/10/91 | 5.00% | $1,961,957 | $8,600,000 | $1,594,491 | |
| 9/15/92 | 3.00% | $1,352,491 | $8,500,000 | $2,292,931 | |
| 9/30/93 | 3.00% | $1,434,358 | $6,000,000 | $1,964,352 | |
| 9/29/94 |
2.70% | $1,422,523 | $4,700,000 | $1,335,307 | |
| 9/26/95 | 2.30% | $1,223,330 | $3,240,000 | $1,673,520 | |
| 9/24/96 | 1.20% | $615,746 | $2,630,000 | $1,180,621 | |
| 1997 None | 0.00% | 2.77% | 0 | $2,280,000 | $1,470,855 |
| 9/28/98 | 1.00% | 2.60% | $460,023 | $2,165,000 | $1,266,235 |
| 1999 None |
0.00% | 2.39% | 0 | $1,875,000 | $2,716,343 |
| 2000 None | 0.00% | 2.20% | 0 | $1,183,000 | $2,270,938 |
| 2001 None | 0.00% | 2.05% | 0 | $935,000 | $1,968,658 |
| 2002 None | 0.00% | 1.91% | 0 | $13,610,000** | $7,899,354 |
| 2003 None | 0.00% | 1.79% | 0 | $18,720,000*** | $6,030,297 |
| 12/15/2004 | 6.00% | 2.04% | $3,423,194 | $12,471,000 | $4,536,857 |
| 2005 None | 0.00% | 1.93% | 0 | $13,671,000 | $5,901,826 |
| 4/20/06 | 3.00% | 1.98% | $1,707,208 | $15,434,000 | $5,118,668 |
| 2007 None | 0.00% | 1.89% | 0 | $14,540,722 | $4,337,066 |
| 7/15/2008 | 1.00% | 1.84% | $561,626 | $12,941,133 | $3,933,852 |
| 2009 None | 0% | 0 | $12,869,906 | $3,443,735 | |
| 7/15/10 | 2% | 1.77% | $966,000 | $21,712,971**** | $1,966,339 |
*Includes both assessments for 11/20/89 and 5/22/90 **This increase in estimated liability for IBNR and incomplete claims was caused primarily by two bankruptcies, Kmart and RiscComp. ***This increase in estimated liability for IBNR and incomplete claims was caused primarily by the National Steel Pellet Corporation bankruptcy. ****This increase in estimated liability for IBNR and incomplete claims was caused by a change in account procedure. This estimated liability is now recorded as a gross liability, whereas it previously was recorded as net of anticipated reinsurance recoverables. |
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© Minnesota Self-Insurers' Security Fund