The Florida Firefighter's Pension module may be used to allocate premiums covering risks within Florida to the correct Firefighter's Pension district for taxation (as listed on the Florida Premium Tax return - (DR-908, Schedule XII A)). Allocator utilizes data from the Florida Premium Tax Database referred to in the Florida DOR Tax Information Publications (TIP). Florida does not utilize municipal boundary maps to determine where a policy should be allocated. It uses the aforementioned database.
Source ASCII File Layout
F - Fire Premiums
X - Multiple Line Premiums.
If you utilize the X premium type code, only 70% of the premium amount will appear on the Allocation Summary report. This amount will be exported to the imp file, which is in turn imported in the Premium Pro Enterprise P&C module. If any other premium type code is used, premiums will appear on the summary report at 100%. If you have already applied the 70/30 percentage to policies appearing in your ASCII file, remember not to use the X premium type code.
If you process both Florida Fire and Police modules simultaneously (this option is available on the Process Premiums dialog), you must differentiate between Fire and Casualty Premiums. Fire and Multiple Line premiums will be processed in the Fire module, while Casualty and Multiple Line premiums will be processed in the Police module. Multiple Line premiums in the Police module will appear on the Allocation Summary report at 30%.
To export Florida allocation data to Premium Pro P&C, follow these steps:
Following the steps above will create a Premium Pro P&C Import file (*.imp). The contents of this file can be imported into Premium Pro P&C by following these steps:
Following the steps above will import the contents of the import file to the Florida return (DR-908, Schedule XII A).
For more information regarding Florida Firefighter's Pension Fund taxation, please visit the following links:
Florida Office of Insurance Regulation