(a) Notwithstanding the one percent maximum assessment set forth in subdivision (3) of subsection (a) of Section 27-42-8, no member insurer may be assessed in any one year for the workers’ compensation account an amount greater than two percent of that member insurer’s net direct written premiums for workers’ compensation insurance for the calendar year preceding the assessment.
(b) The provisions of this section shall apply to the Alabama Insurance Guaranty Association’s obligations under policies of insolvent insurers as they exist on and after May 19, 2008.