Electronic Filing

Related Information

EFS New Features Frequently Asked Questions

 

Filings and Endorsements

 

1. I have a multi-state policy with a policy effective date before 7/1/2011 but it didn’t have locations in PA so a filing was not entered into PSLA’s EFS. A PA location was added to the policy with an effective date of change after 6/30/2011 but PA is not the Home State. Do I need to enter a filing or endorsement into PSLA’s EFS?

  • Yes. A policy effective before 7/1/2011 that has a PA location of risk should be entered into PSLA’s EFS.
  • Contact PSLA Agency Services at agencyservices@pasla.org for the procedure to enter this filing.

2. I have a multi-state policy with a policy effective date after 6/30/2011 and it didn’t originally have locations in PA. A PA location was added to the policy with an effective date of change after 6/30/2011 but PA is not the Home State. Do I need to enter a filing or endorsement into PSLA’s EFS?

  • No. Since the policy effective date is after 6/30/2011 and PA is not the Home State, a new filing should not be entered into PSLA’s EFS.

3. I have a multi-state policy with a policy effective date before 7/1/2011 and it has locations in PA so we entered a filing into PSLA’s EFS. A new PA location was added to the policy with an effective date of change after 6/30/2011 but PA is not the Home State. Do I need to enter an endorsement into PSLA’s EFS to cover the additional risk?

  • Yes. Run-off transactions for filings with a policy effective date before 7/1/2011 should be entered into EFS.

4. I have a multi-state policy with a policy effective date before 7/1/2011 and it has locations in PA so we entered a filing into PSLA’s EFS. A new PA location was added to the policy with an effective date of change after 6/30/2011 and PA is the Home State. Do I need to enter an endorsement into PSLA’s EFS to cover the additional risk?

  • Yes. Run-off transactions for filings with a policy effective date before 7/1/2011 should be entered into EFS.

5. I have a multi-state policy with a policy effective date before 7/1/2011 but it didn’t originally have locations in PA so a filing was not entered into PSLA’s EFS. A PA location was added to the policy with an effective date of change after 6/30/2011 and PA is the Home State. Do I need to enter a filing into PSLA’s EFS?

  • Yes. A policy effective before 7/1/2011 that has a PA location of risk should be entered into PSLA’s EFS.
  • Contact PSLA Agency Services at agencyservices@pasla.org for the procedure to enter this filing.

6. I have a policy that covers risks within and outside of the United States. Do I need to report the premium associated with the risk outside of the United States?

  • No. Only report the premium associated with the risk within the United States.

7. I uploaded an XML file and received Warning errors for: “Error 76 – Missing Multi-state Risk Information”, “Error 78 – Invalid Policy Premium”, and “Error 79 – Missing Date”. Why?

  • Multi-state Risk, Policy Premium, and Revenue Recognition Date will be required fields effective 7/1/2011. Until then, filings can be successfully submitted without the fields but a warning error occurs to remind users that the information will be needed.

 

1620 Monthly Report and RCT-123 Annual Tax Report

 

1. I have a multi-state policy with a policy effective date before 7/1/2011 but it didn’t have locations in PA so a filing was not entered into PSLA’s EFS. A PA location was added to the policy with an effective date of change after 6/30/2011 but PA is not the Home State. Do I need to include the endorsement on the 1620 Monthly Report for that particular month for RCT-123 Annual Tax Report for that particular year?

  • Yes. A policy effective before 7/1/2011 that has a PA location of risk should be entered into PSLA’s EFS. Similarly the transaction should be included on the 1620 Monthly Report and RCT-123 Annual Tax Report.

2. I have a multi-state policy with a policy effective date after 6/30/2011 and it didn’t originally have locations in PA. A PA location was added to the policy with an effective date of change after 6/30/2011 but PA is not the Home State. Do I need to include the endorsement on the 1620 Monthly Report or RCT-123 Annual Tax Report?

  • No. Since the policy effective date is after 6/30/2011 and PA is not the Home State a filing/endorsement should not be entered into PSLA’s EFS. Similarly, the transaction should not be included on the 1620 Monthly Report or RCT-123 Annual Tax Report.

3. I have a multi-state policy with a policy effective date before 7/1/2011 and it has locations in PA so we entered a filing into PSLA’s EFS. A new PA location was added to the policy with an effective date of change after 6/30/2011 but PA is not the Home State. Do I need to include the endorsement on the 1620 Monthly Report?

  • Yes. Run-off transactions for filings with a PA location of risk and a policy effective date before 7/1/2011 should be entered into PSLA’s EFS, included on the 1620 Monthly Report, and included on the RCT-123 Annual Tax Report.

4. How does the new Revenue Recognition Date help me generate 1620 Monthly Reports or RCT-123 Annual Tax Reports?

  • Premium related activity within a calendar year should be reported on the RCT-123 Annual Tax Report for that same year.
  • Use the Search Transactions function and search by Revenue Recognition Date to find transactions for a tax reporting period. The search results may be exported to Excel.
  • The Excel file should be reviewed by your tax accountant before using it for a 1620 Monthly Report or RCT-123 Annual Tax Report.