Legal Question in Insurance Law in California

MINIMUM and deposit PREMIUMS

Can an Insurance company charge a Annual Minimum and Deposit Premium on workers compensation policies and if so does it apply to Guaranteed Cost Programs, Loss Sensitive or Deductible programs or all the above.


Asked on 5/21/08, 10:05 pm

1 Answer from Attorneys
Andrew Magwood Andrew A. Magwood Attorney at Law

Re: MINIMUM and deposit PREMIUMS

Ok, this is a pretty vague question, but very, very generally, it is possible for a WC carrier to charge a minimum and a deposit and then have a premium audit. If you are not sure about what is going on you should really talk to your broker.

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Answered on 5/23/08, 7:10 pm


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