New NC Commercial Auto Loss Recoupment Reduced
Effective Oct. 1, 2020 the NC Reinsurance Facility (NCRF) has updated the recoupment surcharge from 7.07% to 4.56%. FAQs: Q: If the recoupment surcharge is 4.56%, why is the actual amount of the surcharge at 5.07%? A: Because the Facility states agents should receive 10% commission on the recoupment charge and JSA passes 100% [...]