When the Treasurer has determined that a default or insolvency has occurred, the loss to public depositors shall be satisfied as governed by Section 41-14A-9, Code of Ala. 1975, as amended. The assessment ratio calculation shall be computed to four decimal places.

Author: Daria S. Story, SAFE Division, Office of State Treasurer

Statutory Authority: Code of Ala. 1975, §§41-14A-6, 41-14A-9, as amended.

Editor’s Note: Rule 892-X-1-.11, was renumbered to Rule 892-X-1-.10 as per certification filed September 19, 2002; effective October 24, 2002. Original Rule 892-X-1-.10, Assessment Calculation, was renumbered to Rule 892-X-1-.11, to accommodate a New Rule 892-X-1-.10, Exempt Public Deposits, as per certification filed January 23, 2004; effective February 27, 2004. Rule 892-X-1-.11 was renumbered to Rule 892—X-1-.12 as per certification filed January 19, 2006; effective February 23, 2006.

History: New Rule: Filed March 28, 2001; effective May 2, 2001. Amended (only rule number changed): Filed September 19, 2002; effective October 24, 2002. Amended (only rule number changed): Filed January 23, 2004; effective February 27, 2004. Amended (Rule Number Only): Filed January 19, 2006; effective February 23, 2006.