The standard cut-off date for lines 1 to 9 is December 31, 1944.
01 Payments during the taxable year on marine losses (salvage deducted) incurred since December 31, 1944, less recoveries
Net Loss Schedule.
on reinsurance on losses incurred since December 31, 1944 (from Supplementary Schedule, line 10, col. d less col. h) . . . . 1
02 Add reinsurance recoverable December 31 of the previous year on paid marine losses incurred since December 31, 1944 . . . 2
03 Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3
04 Deduct reinsurance recoverable December 31 of the taxable year on paid marine losses incurred since December 31, 1944 4
05 Balance. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5
06 Add net amount unpaid December 31 of the taxable year on marine losses incurred since December 31, 1944
(net as to recoveries on reinsurance ceded) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6
07 Amount of actual U.S. unpaid losses incurred prior to January 1, 1945. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7
08 Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8
09 Deduct net amount unpaid December 31 of the previous year on marine losses incurred since December 31, 1944
(net as to recoveries on reinsurance ceded) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9
10 Amount excluded on losses incurred prior to January 1, 1945. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10
11 Net losses incurred during the taxable year of 2012. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11
In the following, net premiums means direct premiums plus reinsurance assumed, both net of returned premiums,
pportionment Schedule
and less net reinsurance premiums ceded.
01 Net premiums on marine business written in United States in 2013 (from Supplementary Schedule, line 5, col. d) . . . . . . . . . 1
02 The same written in 2012. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2
03 The same written in 2011 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3
04 Total for three-year period . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4
05 Average. Divide line 4 by line 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5
06 Net premiums on marine business written in Massachusetts in 2013 (from Supplementary Schedule, line 5, col. g) . . . . . . . . 6
07 The same written in 2012. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7
08 The same written in 2011 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8
09 Total for 3-year period . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9
10 Average. Divide line 9 by 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10
11 Massachusetts apportionment percentage. Divide line 10 by line 5. Carry decimal to six places. . . . . . . . . . . . . . . . . . . . . . . 11