Ins 6.30 Note
Statistical services — 21
Ins 6.30 Note
Stenographers' fees relating to claim adjustment — 1-a
Ins 6.30 Note
Stock taxes — 18-d
Ins 6.30 Note
Storage, safekeeping and warehouse space, rent of — 13
Ins 6.30 Note
Subpoenas relating to claim adjustment — 1-a
Ins 6.30 Note
Subscriptions to accounting, legal, actuarial and similar societies — 12
Ins 6.30 Note
Subscriptions to social or civic clubs or affairs — 12
Ins 6.30 Note
Supper money — 9-b
Ins 6.30 Note
Surety bonds covering employees — 10
Ins 6.30 Note
Survey reports relating to claim adjustment — 1-a
Ins 6.30 Note
Surveys and underwriting reports, operating expense classification — 6
Ins 6.30 Note
Syndicates, underwriting — 5
Ins 6.30 Note
Tabulating services — 21
Ins 6.30 Note
Tax allowances, reinsurance — 2-b and 2-c
Ins 6.30 Note
Tax expert services — 17
Ins 6.30 Note
Taxes, interest, etc., paid in lieu of rent for leased premises — 13
Ins 6.30 Note
Taxes, licenses and fees, operating expense classification — 18
Ins 6.30 Note
Taxes, real estate — 20
Ins 6.30 Note
Telephone and telegraph — 16
Ins 6.30 Note
Telephone and telegraph expenses of employees while traveling — 12
Ins 6.30 Note
Teletype — 16
Ins 6.30 Note
Time clock service charges — 13
Ins 6.30 Note
Towels — 13
Ins 6.30 Note
Training of employees — 9-b
Ins 6.30 Note
Training pay of employees — 8
Ins 6.30 Note
Transcripts of testimony relating to claim adjustment — 1-a
Ins 6.30 Note
Transfer agents' fees — 17
Ins 6.30 Note
Transfer of employees — 12
Ins 6.30 Note
Transfer taxes — 18-d
Ins 6.30 Note
Transportation of guests — 12
Ins 6.30 Note
Transportation of employees — 12
Ins 6.30 Note
Travel and Travel Items, operating expense classification — 12
Ins 6.30 Note
Traveling expenses of employees — 12
Ins 6.30 Note
Trustees' fees — 17
Ins 6.30 Note
Underwriters' boards — 5
Ins 6.30 Note
Underwriting reports — 6
Ins 6.30 Note
Underwriting syndicates — 5
Ins 6.30 Note
Unemployment insurance taxes — 18-c
Ins 6.30 Note
Visiting nurse service — 9-b
Ins 6.30 Note
Wages paid in connection with owned real estate — 19
Ins 6.30 Note
Warehouse, storage and safekeeping space, rent of — 13
Ins 6.30 Note
Waste baskets — 15
Ins 6.30 Note
Water, light, heat and power in leased premises — 13
Ins 6.30 Note
Watchperson expenses relating to claim adjustment — 1-a
Ins 6.30 Note
Weather reports relating to claim adjustment — 1-a
Ins 6.30 Note
Welfare of employees — 9-b
Ins 6.30 Note
Witnesses relating to claim adjustment — 1-a
Ins 6.30 Note
Worker's compensation insurance — 9-a
Ins 6.30(2)(a)(a) Instructions relating to the allocation of joint expenses to companies.
The term Premiums used as basis of allocation means the allocation of expenses shall follow the percentages of applicable premiums.
The term Special Studies used as a basis of allocation means that expenses shall be analyzed and bases of allocation applied as dictated by that analysis.
The term Overhead on Salaries used as a basis of allocation means that the allocation of expenses shall follow the percentages of the applicable salaries allocation.
For those operating expense classifications permitting the basis, Overhead on Salaries or Premiums, any other basis of allocation may be adopted which yields more accurate results. The bases Overhead on Salaries and Premiums shall not be used if clearly inappropriate.
In making any allocations of Joint Expenses, companies shall observe the General Instructions Regarding Allocation Bases (see s.
Ins 6.30 (5) (a) 2.).
The methods followed in allocating Joint Expenses shall be described, kept and supported as set forth under Detail of Allocation Bases (See s.
Ins 6.30 (5) (a) 3-c).
The effects of the application, to each operating expense classification, of all bases of allocation shall be shown on records kept in clear and legible form. Such records shall be readily available for examination.
It is permissible to apportion expenses between companies during the year on the basis of methods and procedures other than those prescribed herein, provided allocations of corrected amounts, calculated in accordance with these instructions, are made in time for entry in the Annual Statement.
Ins 6.30(3)(a)(a) Instructions relating to the composition of, and allocation to, expense groups.
Expenses reported in the operating expense classifications shall be allocated to the following expense groups:
Investment Expenses.
Loss Adjustment Expenses.
Acquisition, Field Supervision and Collection Expenses.
Taxes.
General Expenses.
The composition of each expense group shall be as follows:
Investment Expenses shall comprise all expenses incurred wholly or partially in connection with the investing of funds and the obtaining of investment income, including related expenses incurred in the following activities: initiating or handling orders and recommendations; doing research; pricing; appraising and valuing; paying and receiving; entering and keeping general and detail records; safe keeping; collecting, recording, calculating and accruing investment income; general clerical, secretarial, office maintenance, supervisory and executive duties; handling personnel, supplies, mail, etc.; and all other activities reasonably attributable to the investing of funds and the obtaining of investment income.
Loss Adjustment Expenses shall comprise all expenses incurred wholly or partially in connection with the adjustment and recording of policy claims, including the totals of the operating expense classification, Claim Adjustment Services: the types of expenses included in Claim Adjustment Services, when the activities resulting in such types of expenses are performed by employees; and including related expenses incurred in the following activities: estimating amounts of claims; paying and receiving; entering and keeping general and detail records; general clerical, secretarial, office maintenance, supervisory and executive duties; handling personnel, supplies, mail, etc.; and all other activities reasonably attributable to the adjustment and recording of policy claims in connection with claims reported, paid, and outstanding, and reinsurance thereon.
Acquisition, Field Supervision and Collection Expenses shall comprise all expenses incurred wholly or partially in the following activities:
Soliciting and procuring business and developing the sales field.
Writing policy contracts, and checking and directly supervising the work of policy writers.
Receiving and paying of premiums and commissions; entering into or setting up records of premiums and commissions receivable and payable for collection purposes; balancing and maintaining such records; corresponding with and visiting insureds and producers for the purpose of collecting premiums or adjusting differences; checking current accounts from producers; auditing of records of delinquent agents; and services of collection agencies. Do not include activities offices within the company.
Compiling and distributing expiration lists, notices of premiums due, lists of premiums or premium balances receivable and payable, contingent and other commission statements, production statements for acquisition and field supervision purposes, and similar data.
Maintaining good will of insureds and producers; activities of field personnel; contact work relating to acquisition, field supervision and collection; making contracts and agreements with producers; and activities in connection with agency appointments and replacements. Do not include: inspections of risks when carried on by personnel employed by the insurance company, engaged full time in physical inspection of risks and activities directly related thereto; audits for the purpose of premium determination; and activities in connection with the adjustment of policy claims.
Rendering service to agents and other producers, such as providing office space, personnel, telephone, etc., and obtaining agents' licenses.
Do not include fees paid for agents' licenses.
Advertising and publicity of every nature related to acquisition, field supervision and collection. In addition to applicable salaries, etc., include the entire amount shown in the operating expense classification, Advertising.