EXPLANATION OF DUES

 

PLRB and LIRB provide your company with a stream of products and services, reducing your outside legal expense, on-line legal database charges, and supporting your claims, underwriting, legal, and training staffs with valuable information.  With your support, PLRB and LIRB improve the condition of the claims industry.

Since the Property Loss Research Bureau and the Liability Insurance Research Bureau are not-for-profit associations of insurance companies and underwriting organizations, our anticipated 2012 annual operating expenses are equitably allocated among the members on the basis of their respective premium writings as reflected in their 2010 direct written premiums in the lines of insurance we service.

Near the end of each year, our Board of Directors sets a Schedule of Membership Dues based on these premium writings of all the members and the approved budget for the forthcoming year.

PLRB dues are assessed on the following lines of business: fire, allied lines, Farmowners multiple peril, Homeowners multiple peril, commercial multiple peril (non-liability), inland marine, fidelity, mortgage guaranty, earthquake, burglary and theft, boiler and machinery, flood, and other property (non-auto).

 

 

PLRB Schedule for 2012 Dues

2010 Net Premiums Subject to
Dues Assessments Are:


2012 Dues


of the Premiums Over:

Below $1 million

    $ 1,190

 

$    1 – $ 50 million

$  1,190 + $216 per million

$    1 million

$  50 - $150 million

$11,774 + $153 per million

$  50 million

$150 - $300 million

$27,074 + $101 per million

$150 million

$300 - $500 million

$42,224 + $  43 per million

$300 million

$500 million- $1 billion

$50,824 + $  23 per million

$500 million

$    1 – $3.0 billion

$62,324 + $  12 per million

$    1 billion

Over $3.0 billion

    $86,324 + $    1 per million

$    3 billion

 

 

 

LIRB Schedule for 2012 Dues

LIRB dues are assessed on the following lines of business: CMP (liability), other liability, products liability, auto liability, auto physical damage and, unless a PLRB member on or before January 1, 2010, Farmowners and Homeowners.

The 2012 rate is $45.5 per $1 million for the first $630 million of subject 2012 premiums and $6 per $1 million for subject 2008 premiums from $630 million to $3 billion.  Minimum dues are $1,200 and the maximum is $42,885.