How is the security assessment for the Guaranty Association calculated?

Security amount is paid at a rate of $15 per thousand. This amount is paid for four years, which at that point the employer is deemed to have reached parity.

For example, a $500,000 security amount would be $500 x $15 = $7,500. Paid for four years would be: $7,500 x 4 years = $30,000.