General Information For Rct-124 (Page 5 of 6) in pdf

RCT-124 – Line-by-Line Instruction

RCT-124-I (10-12)

Page 5 of 6

Column 5 - Total of Reinsurance and Salvage

Enter the sum of Column 3 plus Column 4.

Column 6 - Net Losses

Enter the difference of Column 2 minus Column 5.

Enter the totals of Columns 2 through 6 on Item d

Schedule F - Specific Marine Expenses Incurred on Business Transacted Within the U.S.

Note: Schedule F includes the following information for items a through c:

Column 1 - Last Three Calendar Years

Enter the years in chronological order. (earliest in Item a, etc.)

Column 2 - Enter Agency Commissions Including Brokerage.

Column 3 - Enter Agency Expenses.

Column 4 - Enter Federal Taxes.

Column 5 - Enter State & City Taxes and Fees.

Column 6 - Enter Loss Adjustment Expense.

Column 7 - Enter all Other Expenses.

Column 8 - Total Marine Expenses

Enter the sum of Columns 2 through 7.

Enter the totals of Columns 2 through 8 on Item d.

Schedule G - General Expenses Not Chargeable Specifically to Any Particular Class of Business

Note: Schedule G includes the following information for items a through c:

Column 1 - Last Three Calendar Years

Enter the years in chronological order. (earliest in Item a, etc.)

Column 2 - Enter Salaries of Officers and Employees.

Column 3 - Enter Advertising and Subscription Expenses.

Column 4 - Enter Federal Tax Expenses.

Column 5 - Enter Rent Expenses.

Column 6 - Enter Printing and Stationery Expenses.

Column 7 - Enter all Other Expenses.

Column 8 - Total General Expenses

Enter the sum of Columns 2 through 7.

Enter the totals of Columns 2 through 8 on Item d.

Item e: Three year ratio of U.S. Marine Premiums to Total Net Premiums for All Classes of Business Within the U. S.

Enter the result of Schedule A, Column 4, Item d divided by Schedule C, Column 4, Item d.

Note: Calculate to six decimal places.

Item f: Three year ratio of Net Marine Premiums Written Within Pennsylvania to Total Net Marine Premiums Written Within the U. S.

Enter the result of Schedule B, Column 4, Item d divided by Schedule A, Column 4, Item d.

Note: Calculate to six decimal places.

Attach Copy of the Pennsylvania Business Page and Schedule T of the Annual Report filed with the Pennsylvania Insurance

Department.

Note: If the company is licensed to write ocean marine premiums in Pennsylvania, this report must be filed whether or not

ocean marine premiums were written in Pennsylvania for that particular year.

Page 2 - Calculation of Tax

Line 1 - Net Marine Insurance Premiums

Enter the amount from Schedule A, Column 6, Item d.

Line 2 - Net Unearned Marine Premiums on U.S. Business (beginning of 4 year period)

Enter the amount from Schedule D, Column 7, Item a.

Line 3 - Total

Enter the total of Lines 1 and 2.

Line 4 - Net Unearned Marine Premiums on U.S. Business (end of 4 year period)

Enter the amount from Schedule D, Column 7, Item d.

General Information For Rct-124 Page 5

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