8. Assessment shortfalls. If the maximum assessment, together with the other assets of the association in any account, does not provide in any one year in any one account an amount sufficient to make all necessary payments from that account, the shortfall shall must be assessed as an obligation of the other accounts of the association. Each member insurer's assessment shall must be in the proportion that its premium for the calendar year preceding the assessment on the kinds of insurance in the accounts to be assessed bears to the total premium of all member insurers for the same calendar year on the kinds of insurance in those accounts. The total of assessments against a member insurer for shortfalls under this section and section 4440 in any one calendar year shall may not exceed 2% of that member insurer's premiums in this State or for policies covered by the account. Within 7 days after the board of directors votes to levy an assessment under this subsection, the chair of the board of directors shall notify the chairs of the joint standing committee of the Legislature having jurisdiction over banking and insurance matters that the association has voted to make that assessment. The notification must be in writing and must include the total amount to be assessed against each account and the name of the account to which the assessed funds will be credited.

9.__Certificate of contribution. The association shall issue to each insurer paying an assessment under this chapter, other than a Class A assessment, a certificate of contribution, in a form prescribed by the superintendent, for the amount of the assessment so paid.__All outstanding certificates are of equal dignity and priority without reference to amounts or dates of issue.

Sec. 8. 24-A MRSA §4611, sub-§1, ¶¶ A and C, as enacted by PL 1983, c. 846, are amended to read:

A. Notify the board of directors of the existence of an impaired insurer not later than 3 days after a determination of impairment or insolvency is made or he the superintendent has received the notice of impairment or insolvency;

C. When an impairment is declared, pursuant to section 4605 determined, as defined in section 4605-A, subsection 6, paragraph B 10, and the amount of the impairment is determined, serve a demand upon the impaired insurer to make