Form Rct-121 - Gross Premium Tax - 2007 Page 4
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PIGA COMPUTATIONAL WORKSHEET
INSURANCE COMPANY NAME _____________________________________________________ CORP TAX ACCOUNT ID _______________
12/31/2007
FOR THE YEAR ENDING
•
Basis for credit is the 2006 P&C Guaranty assessments paid less 1% of the 2003 Assessment Base.
•
Assessment Base is the portion of net direct written premiums used in calculation of the assessment.
SECTION A CALCULATION OF THE BASE
SECTION B ASSESSMENTS PAID
According to information from the Pennsylvania Property & Casualty Insurance
According to information from the Pennsylvania Property & Casualty Insurance
Guaranty Association, there were no assessment billings in 2006.
Guaranty Association, there were no assessment billings in 2006.
Amount
Date
Amount
1. Total Premiums Less Dividends
1. Assessments Other
2. Assessments Other
2. Less Auto Premiums (Less Dividends)
3.
3. Other Premiums Less Dividends
4. Total Paid Assessments Other
4. Exempt Premiums (Less Dividends)
5. Less: 1% of Assessment Base
a. Multiple Peril Crop (2.2)
(Section A, Line 7)
b. Federal Flood (2.3)
6. Total Credit
c. Mortgage Guaranty (6.0)
d. Ocean Marine (line 8)
7. 20% per year (Line 6 X 20%)
e. Financial Guaranty (line 10)
f. Accident & Health (lines 13-15.7)
g. Workers Compensation (line 16)
h. Fidelity (line 23)
i. Surety (line 24)
j. Credit (lines 28)
k. Warranty
5. Total Exempt Premiums Other Less Dividends
6. Total Premiums Less Dividends Other
7. 1% of Assessment Base
SECTION C
Please fill-in prior year credits being carried forward.
2006
2007
2008
2009
2010
2011
Assessments Paid
2001
2002
2003
2004
2005
0
0
0
0
0
2006
0
0
0
0
0
Totals
(Max Credit allowed is limited to 2% tax)
PIGA Credit
LESS 2006 GUARANTY ASSOC. REFUND
(REDUCTION CAN NOT EXCEED PIGA CREDIT)
NET PIGA CREDIT
(CAN NOT BE LESS THAN ZERO)
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