GFA Schedules

Life, Life & Health, and HMO companies have a single GFA Schedule for premium tax offsets related to assessments paid to state life and health guaranty associations. P&C companies have two: the PC GFA Schedule and the AH GFA Schedule. These schedules serve as a centralized place to record guaranty fund assessments paid to all states over a twelve-year period. Entered amounts carry forward each year, so after the first year using the software, you only need to enter the current year’s assessments. GFA credits are then calculated for each state based on the entered assessment amounts and the applicable state laws. Only assessment amounts eligible for credit should be entered.