"We have written new policies, we have renewed policies and we're confident that the rehabilitation plan will be successful, and AIK Comp will come out of rehabilitation as a strong and viable alternative," Martin Koetters, executive director of the state's Office of Insurance, told a legislative panel.
While none of the requests for quotes have turned into new policies, Koetters
expected some would, Slone said.
State officials have not completed a proposed assessment plan, Koetters
told the Interim Joint Committee on Banking and Insurance
.Right now, officials are reviewing the fund's books, records and past procedures to help in devising an assessment plan, Koetters
said the assessment was based on the fund's past activities, and he
didn't expect it to hurt the fund's new business.
"The business decisions we are going to make as rehabilitators to make this a viable ongoing business will be prudent," Koetters
told the committee.