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Insurers Reconciliation Statement 2007 Form. This is a Vermont form and can be use in Workers Compensation.
Tags: Insurers Reconciliation Statement 2007, Vermont Workers Compensation,
Vermont Department of Labor
Workers’ Compensation Administration Fund
Insurer’s Reconciliation Statement
Calendar Year: 2007
Group Name:
NAIC Group Code:
Company Name:
NAIC Company Code:
1. Direct Premiums Written
Enter the amount of direct premiums written
during the period January 1, 2007 through December 31, 2007
This amount should equal what is reported to the Vermont Department of Banking, Insurance, Securities & Health
Care Administration (BISHCA), on the company’s annual statement. [Exhibit of Premiums and Losses
(Statutory Page 14 Data), Line 16, Column 1]
1.
2. Annual Assessment Due
The Vermont General Assembly establishes the assessment rate annually. The assessment rate from January 1, 2007 to June 30, 2007 is .4%.
the assessment rate from July 1, 2007 to December 31, 2007 is .42%
Multiply the amount on line 1 that was written between January 1, 2007 and June 30, 2007 by .004.
Multiply the amount on line 1 that was written between July 1, 2007 and December 31, 2007 by .0042.
This is the total annual assessment due.
2.
3. Quarterly Assessments Previously Submitted
Enter the quarterly assessments actually submitted throughout calendar year 2007.
Note: negative amounts (credits) SHOULD NOT be listed here, with the exception of the amount carried forward.]
Amount carried forward from 2005
1st Quarter
January 1, 2007 – March 31, 2007
2nd Quarter
April 1, 2007 – June 30, 2007
rd
July 1, 2007 – September 30, 2007
th
October 1, 2007 – December 31, 2007
3 Quarter
4 Quarter
TOTAL AMOUNT PREVIOUSLY SUBMITTED
3.
4. Balance Due
Subtract line 3 from line 2. If the amount is greater then 0, this is the remaining assessment amount due.
If the amount is less than 0, enter the amount on Line 5.
iiMake Checks Payable to: Vermont Department of Labor
Forward check, and this form, to: Workers’ Comp Admin Fund
PO Box 488
Montpelier VT 05601-0488
AMOUNT DUE
4.
5. Credit to be applied to next quarterly submission or Amount to be refunded
If line 5 is less then zero, this amount will carry-forward and be credited towards the next quarterly assessment due.
Alternatively, this amount may be refunded if requested.
CREDIT
5.
6. Certification
I certify that the information identified above, and submitted, is true and accurate.
(Signature)
(Date)
Name:
Telephone:
Title:
Email:
Group Address:
Company Address:
Include a copy of “Exhibit of Premiums and Losses (Statutory Page 14 Data)” with your submission
WCAF Form 1, 01/05
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