EXPLANATION OF DUES

PLRB provides 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 improves the condition of the claims industry.

Since the Property & Liability Resource Bureau is a not-for-profit association of insurance companies and underwriting organizations, our anticipated 2022 annual operating expenses are equitably allocated among the members on the basis of their respective premium writings as reflected in their 2020 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.

Property Resource 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).

Property Services Schedule for 2022 Dues

2020 Net Premiums Subject to
Dues Assessments Are:


2022 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

Liability Services Schedule for 2022 Dues

Liability Resource 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, 2021, Farmowners and Homeowners.

The 2022 rate is $45.5 per $1 million for the first $630 million of subject 2019 premiums and $6 per $1 million for subject 2020 premiums from $630 million to $3 billion.  Minimum dues are $1,200 and the maximum is $42,885.

2022 Dues Increase

For 2022, by action of the PLRB Board of Directors, dues are 102% of the amount computed under the above Schedules.