Sec. 72.4. Minimum schedule


Latest version.
  • Type of corporationMinimum retention amountsMinimum coinsurance percentage
    IndividualAggregate
    (a)For corporations subject to the B.L. or B.C.L. (including insurance corporations, transportation corporations, etc. and with:
    (1) assets greater than $20,000,000:$5,000$50,0000.5%
    (2) assets greater than $10,000,000 up to $20,000,000:4,00040,0000.4%
    (3) assets greater than $5,000,000 up to $10,000,000:3,00030,0000.3%
    (4) assets of $5,000,000 or less:2,00020,0000.2%
    (b)Corporations subject to the Cooperative Corporations Law:1001,0000.1%
    (c)Corporations subject to the Religious Corporations Law:1001,0000.1%
    (d)Corporations subject to the N–PCL1001,0000.1%