2013-08-14T14:18:07-05:00 2012-12-31 231980475 KREISCHER MILLER 100 WITMER ROAD SUITE 350 HORSHAM PA 190442369 990 2012-01-01 231965995 PENNSYLVANIA PROPERTY AND CASUALTY INSURANCE GUARANTY ASSOCIATION PENN 2155681007 1617 JOHN F KENNEDY BLVD NO 1850 PHILADELPHIA PA 19103 STEPHEN F PERRONE 2155681007 2013-08-13 1 KEVIN MCGINN P00440382 2154414600 2012 2016-02-24 21:20:13Z STEPHEN F PERRONE 1617 JOHN F KENNEDY BLVD NO 1850 PHILADELPHIA PA 19103 31271966 0 X PPCIGA.ORG X 1970 PA REFER TO FORM 990, PART III, LINE 1 7 7 12 0 0 0 0 0 42411737 31278011 489862 -6045 0 0 42901599 31271966 0 0 0 0 1323527 1356784 0 0 0 16546240 11664276 17869767 13021060 25031832 18250906 200612683 179110206 806229257 778064001 -605616574 -598953795 TO PROVIDE A MEANS FOR THE PAYMENT OF COVERED CLAIMS UNDER CERTAIN PROPERTY AND CASUALTY INSURANCE POLICIES, TO AVOID EXCESSIVE DELAY IN THE PAYMENT OF SUCH CLAIMS, AND TO AVOID FINANCIAL LOSS TO CLAIMANTS OR POLICYHOLDERS AS A RESULT OF THE INSOLVENCY OF AN INSURER. 0 0 13021060 31271966 DURING THE YEAR, THE PENNSYLVANIA PROPERTY & CASUALTY INSURANCE GUARANTY ASSOCIATION PROVIDED PAYMENT OF COVERED CLAIMS UNDER CERTAIN PROPERTY AND CASUALTY INSURANCE POLICIES TO AVOID EXCESSIVE DELAY IN PAYMENT OF SUCH CLAIMS AND TO AVOID FINANCIAL LOSS TO CLAIMANTS OR POLICYHOLDERS AS A RESULT OF THE INSOLVENCY OF AN INSURER IN ACCORDANCE WITH TITLE 40 - INSURANCE P.S. 991.1801 ET SEQ OF THE PENNSYLVANIA STATUTE. 13021060 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 X 119 0 1 12 1 1 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 0 1 0 0 0 X STEPHEN PERRONE 2155681007 1617 JOHN F KENNEDY BLVD STE 1850 PHILADELPHIA PA 19103 BILL LYNCH LIBERTY MUTUAL GROUP 2.00 X 0 0 0 DONALD BORRELL PA MANUFACTURER'S AS 3.00 X 0 0 0 FRANK HOOVER CUMBERLAND INS GROUP 1.00 X 0 0 0 PATRICIA BONORA ACE GROUP 2.00 X 0 0 0 BRIAN TRUTTMAN STATE FARM INC CO 3.00 X 0 0 0 BRAD CORSO ERIE INSURANCE EXCHANGE 1.00 X 0 0 0 JARROD CORBACIO NATIONWIDE MUT INS 1.00 X 0 0 0 STEPHEN F PERRONE 40.00 X 199447 0 32723 RAYMOND M BAUSO 40.00 X 126153 0 18622 PATRICIA L ETTORE 32.00 X 121027 0 10713 446627 0 62058 3 0 1 0 FISHER SCIENTIFIC COMPANY LLC 300 INDUSTRY DRIVE PITTSBURGH PA 15275 LEGAL 500000 NAULTY SCARICAMAZZA & MCDEVITT LLC 1617 JFK BLVD STE 750 PHILADELPHIA PA 19103 LEGAL 238673 MARSHALL DENNEHEY WARNER COLEMAN 1845 WALNUT ST PHILADELPHIA PA 19103 LEGAL 148348 3 MEMBER ASSESSMENTS 524298 24826664 24826664 ESTATE DISTRIBUTIONS 525920 6451347 6451347 31278011 -6045 -6045 31271966 31271966 0 0 446627 446627 615119 615119 71796 71796 141689 141689 81553 81553 20051 20051 22646 22646 69775 69775 42078 42078 34168 34168 169826 169826 125517 125517 68444 68444 8373 8373 CLAIMS PAID 9840933 9840933 CLAIMS EXPENSES PAID 1246583 1246583 PREMIUM REFUNDS 15882 15882 13021060 13021060 0 0 1247056 2748768 114621548 96158115 511517 373895 197277 137622 84532829 80051728 13973 13973 200612683 179110206 806229257 778064001 806229257 778064001 X 0 0 -605616574 -598953795 0 0 -605616574 -598953795 200612683 179110206 X 18250906 -11588127 X X 0 1 X 1 0 126502 77511 48991 385015 296384 88631 137622 CLAIMS LIABILITY 135490880 CLAIMS EXPENSE LIABILITY 34860665 MEMBERS' ASSESSMENT 607692656 UNEARNED PREMIUM LIABILITY 19800 778064001 X 31271966 0 31271966 0 31271966 13021060 0 13021060 0 13021060 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: THE ASSOCIATION FILES FEDERAL FORM 990. WITH FEW EXCEPTIONS, THE ASSOCIATION IS NO LONGER SUBJECT TO FEDERAL EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2009. IT IS DIFFICULT TO PREDICT THE FINAL TIMING AND RESOLUTION OF ANY PARTICULAR UNCERTAIN TAX POSITION. BASED ON THE ASSOCIATION'S ASSESSMENT OF MANY FACTORS, INCLUDING PAST EXPERIENCE AND COMPLEX JUDGMENTS ABOUT FUTURE EVENTS, THE ASSOCIATION DOES NOT CURRENTLY ANTICIPATE SIGNIFICANT CHANGES IN ITS TAX POSITIONS OVER THE NEXT 12 MONTHS. X X 0 1 0 STEPHEN F PERRONE 199447 0 0 0 0 0 12471 0 20252 0 232170 0 0 0 EXPLANATION FOR NOT FILING FORM 990-T FORM 990, PART V, LINE 3B SUBLEASE OF OFFICE SPACE RENTED FROM ONE PENN ASSOCIATES, L.P. AND NOT DEBT FINANCED PROPERTY, INCOME NETTED AGAINST RENT EXPENSE. FORM 990, PART VI, SECTION A, LINE 6 ANY INSURANCE COMPANY, ASSOCIATION OR EXCHANGE WHICH IS LICENSED TO WRITE, AND IS ENGAGED IN WRITING WITHIN THE COMMONWEALTH OF PENNSYLVANIA ON A DIRECT BASIS, PROPERTY AND CASUALTY INSURANCE POLICIES. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBER INSURERS OF THE ASSOCIATION SELECT THE BOARD OF DIRECTORS, SUBJECT TO THE APPROVAL OF THE PENNSYLVANIA INSURANCE COMMISSIONER. FORM 990, PART VI, SECTION A, LINE 7B THE PLAN OF OPERATION SHALL BE SUBJECT TO AND TAKE EFFECT UPON APPROVAL BY THE PENNSYLVANIA INSURANCE COMMISSIONER. THE OPERATIONS OF THE ASSOCIATION SHALL AT ALL TIMES BE SUBJECT TO THE SUPERVISION AND REGULATION OF THE COMMISSIONER. FORM 990, PART VI, SECTION B, LINE 11 THE COMPLETED FORM 990 IS E-MAILED TO THE BOARD OF DIRECTORS FOR REVIEW. THE TAX FORM IS THEN FORWARDED TO OUR INDEPENDENT AUDITORS FOR ELECTRONIC FILING. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS ANNUALLY ACKNOWLEDGED AND SIGNED BY ALL BOARD MEMBERS AND EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 THE ANNUAL REPORT OF THE ASSOCIATION IS PROVIDED TO ALL MEMBER INSURERS. THE AUDITED FINANCIAL STATEMENTS OF THE ASSOCIATION ARE PROVIDED TO THE PENNSYLVANIA INSURANCE COMMISSIONER ANNUALLY. OTHERS UPON REQUEST. THE ASSOCIATION'S WEBSITE IS AVAILABLE TO THE PUBLIC INCLUDING THE PENNSYLVANIA PROPERTY AND CASUALTY INSURANCE GUARANTY ASSOCIATION'S GOVERNING STATUTE. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: ASSESSMENTS COLLECTED 24,826,664. ADJUSTMENTS TO ESTIMATED LIABILITY -47,518,189. REDUCTION TO LIABILITY FOR PAYMENT 11,103,398. FORM 990, PART XII, LINE 1 MODIFIED CASH ACCOUNTING METHOD IS USED TO PREPARE THE FORM 990. FORM 990, PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.