Sec. 2. “Assessment” means an amount or a policyholder’s share of an amount that a farm mutual insurance company determines is necessary for any of the following:

(1) To pay the farm mutual insurance company’s accrued liabilities.

(2) To meet or defray the farm mutual insurance company’s anticipated needs.

(3) To add to or restore the policyholder surplus of the farm mutual insurance company.

As added by P.L.129-2003, SEC.8.