News releases & notifications

FCSIC Board of Directors Approves the Mid-Year 2024 Premium Review - July 10, 2024

July 12, 2024

At its July meeting, the Insurance Corporation’s Board of Directors voted to maintain the insurance premium accrual assessment rate on Systemwide adjusted insured debt at 10 basis points for the remainder of the year. We believe that maintaining the insurance premium assessment rate at 10 basis points is prudent and will allow the Insurance Fund to reach the required 2 percent target at year-end based on anticipated growth of insured debt. In addition, the board has decided to continue assessing 10 basis points on nonaccrual loans and other-than-temporarily impaired investments.

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