New York Codes, Rules and Regulations
Title 11 - INSURANCE
Appendices
Appendix 5
EXCESS LINE PREMIUM TAX ALLOCATION SCHEDULE
Criteria for Tax Allocation of Risks Located Both Inside and Outside the United States for Insurance Contracts that have an Effective Date on or After July 21, 2011
|
Code |
Classification |
Allocate to New York by |
|
PROPERTY INSURANCE: |
||
|
01 |
Real Property (including buildings and other permanent additions) |
Insured value of structures and other property in United States |
|
02 |
Personal Property (including inland marine) |
Insured value of property permanently or principally situated in United States |
|
03 |
Business Interruption, Time Element, or similar time valued coverages |
Insured time valued elements in United States |
|
04 |
Farmowners, Homeowners, and Businessowners (BOP) |
Insured value of structures and other property in United States |
|
05 |
Aircraft |
Insured value of aircraft principally hangared or principally used in United States |
|
06 |
Motor Vehicle |
Insured value of motor vehicles principally garaged or principally used in United States |
|
07 |
Kidnap & Ransom |
Number of insured employees principally employed in United States |
|
08 |
Ocean Marine |
None to New York |
|
FIDELITY AND SURETY: |
||
|
11 |
Fidelity, Forgery, and other Indemnity Bonds |
Number of insured employees in United States |
|
12 |
Bankers Blanket Bonds |
Number of insured employees in United States |
|
13 |
Performance Bonds |
Total bond value of contracts in United States |
|
14 |
Other Surety Bonds |
Total bond value of contracts in United States |
|
CREDIT INSURANCE: |
||
|
21 |
Credit Insurance |
Value of insured debt in United States |
|
RESIDUAL VALUE INSURANCE: |
||
|
31 |
Residual Value Insurance |
Allocate to value of underlying property |
|
LIABILITY INSURANCE: |
||
|
41 |
Manufacturers and Contractors |
Payroll in United States |
|
42 |
Premises Operations |
Square footage of premises in United States |
|
43 |
Owners and Contractors Protective |
Cost of contract in United States |
|
44 |
Products |
Number of units manufactured in United States |
|
45 |
Completed Operations |
Receipts in United States |
|
46 |
Municipalities, Public Authorities and other Political Subdivisions |
Number of municipalities, etc. in United States |
|
47 |
Child Care |
Number of children in United States |
|
48 |
Contractual |
If "stand alone" policy, value of sales in United States |
|
49 |
Recreational |
Amount of gate receipts in United States |
|
50 |
Environmental Impairment |
Number of units of exposure in United States |
|
51 |
Asbestos Abatement |
Payroll in United States |
|
52 |
Employee/Member Benefit Program |
Number of employees/members in United States |
|
53 |
Special Events |
Number of events in United States |
|
54 |
Professional Liability |
Number of insureds in United States |
|
55 |
Errors and Omissions Directors and Officers: |
Revenues generated in United States |
|
56-A |
For-Profit Organization |
Revenues generated in United States |
|
56-B |
Not-for-Profit Organization |
Number of directors and officers based in United States |
|
57 |
Hospital, Nursing Home, and Adult Home |
Number of beds in state plus one additional bed for each 100 outpatient visits at locations in United States |
|
58 |
Liquor Liability |
Receipts from sales of alcoholic beverages in United States |
|
59 |
Railroad Protective |
Miles of track in United States |
|
60 |
Aircraft |
Number of aircraft principally hangared or principally used in United States |
|
61 |
Motor Vehicle |
Number of motor vehicles principally garaged or principally used in United States |
|
62 |
Umbrella |
Classification of predominant coverage; except if underlying coverages are divisible, then use underlying classifications |
|
63 |
Excess Liability |
If directly over primary, use underlying classifications. If over umbrella, use method in Code 62. |
