2024-11-14T14:40:13-06:00 2023-12-31 231980475 KREISCHER MILLER 100 WITMER ROAD SUITE 350 HORSHAM PA 190442369 990 2023-01-01 231965995 PENNSYLVANIA PROPERTY AND CASUALTY INSURANCE GUARANTY ASSOCIATION PENN 2155681007 1617 JOHN F KENNEDY BLVD 1850 PHILADELPHIA PA 19103 CHRISTOPHER SHERMER DIRECTOR OF ACCOUNTING 2155681007 2024-11-14 1 1 CHRISTOPHER M PEKULA P00734965 2154414600 2023 2024-10-15 13:58:12Z CHRISTOPHER SHERMER 1617 JOHN F KENNEDY BLVD 1850 PHILADELPHIA PA 19103 9116019 0 X PPCIGA.ORG X 1970 PA REFER TO FORM 990, PART III, LINE 1 7 7 14 7 0 0 0 0 16603850 5947356 771034 3168663 0 0 17374884 9116019 0 0 0 0 1767248 1915436 0 0 0 6881714 10141765 8648962 12057201 8725922 -2941182 161229955 161962262 783549139 773132183 -622319184 -611169921 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 12057201 6003738 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 POLICY HOLDERS 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. 12057201 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 1 163 0 1 14 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 RAYMOND M BAUSO 2155681007 1617 JOHN F KENNEDY BLVD STE 1850 PHILADELPHIA PA 19103 JENNY ANZALONE ACKLEY CHAIRMAN 3.00 X X 0 0 0 CAROL CINGRANELLI VICE CHAIRMAN 3.00 X X 0 0 0 SEAN WEIR SECRETARY 3.00 X X 0 0 0 BRAD CORSO TREASURER 3.00 X X 0 0 0 ADRIAN GUTIERREZ DIRECTOR 3.00 X 0 0 0 JOHN CERRONE DIRECTOR 3.00 X 0 0 0 JEREMY EISMANN DIRECTOR 3.00 X 0 0 0 RAYMOND M BAUSO EXECUTIVE DIRECTOR 40.00 X 311035 0 0 LISA A PRATT CLAIM MANAGER 40.00 X 218192 0 0 DOUGLAS R FAHRINGER GENERAL COUNSEL 40.00 X 230460 0 0 FRANCIS E KING CLAIM SUPERVISOR 40.00 X 166210 0 0 CHRISTOHER SHERMER DIRECTOR OF ACCOUNTING 40.00 X 217704 0 0 1143601 0 0 5 0 1 0 ICSO H&W TRUST 7408 SOLUTION CENTER CHICAGO IL 606777004 EMPLOYEE BENEFITS 235153 INTEGRAL SYSTEMS CORP PO 1570 810 DOWNINGTOWN PIKE WEST CHESTER PA 19380 IT SUPPORT 197256 2 MEMBER ASSESSMENTS 524298 5947356 5947356 5947356 3112281 3112281 56382 0 56382 56382 56382 9116019 6003738 0 3112281 1473902 1473902 338394 338394 103140 103140 24565 24565 49972 49972 79150 79150 251228 251228 206323 206323 171938 171938 104955 104955 11124 11124 CLAIMS PAID 7538739 7538739 CLAIMS EXPENSES PAID 1529365 1529365 MISCELLANEOUS 94453 94453 PREMIUM REFUNDS RETURNE 79953 79953 12057201 12057201 0 0 10711363 19475747 46734942 45932298 973403 444260 613643 529143 103156034 96011101 13973 13973 161229955 161962262 783549139 773132183 783549139 773132183 X 0 0 -622319184 -611169921 0 0 -622319184 -611169921 161229955 161962262 X -2941182 14090445 X X 0 1 X 1 0 472132 152240 319892 501271 292020 209251 529143 CLAIMS LIABILITY 81346402 CLAIMS EXPENSE LIABILITY 25747172 MEMBERS' ASSESSMENT 664908068 UNEARNED PREMIUM LIABILITY 1130541 773132183 X 9116019 0 9116019 0 9116019 12057201 0 12057201 0 12057201 PART X, LINE 2: THE ASSOCIATION IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER EXISTING PROVISIONS OF THE INTERNAL REVENUE CODE AND THE PENNSYLVANIA STATUTE. THE ASSOCIATION FILES FEDERAL FORM 990. THE ASSOCIATION'S TAX RETURNS ARE SUBJECT TO EXAMINATION BY THE RELEVANT TAX AUTHORITY UNTIL THE EXPIRATION OF THE APPLICABLE STATUTE OF LIMITATIONS. THE ASSOCIATION IS GENERALLY NO LONGER SUBJECT TO EXAMINATION BY TAX AUTHORITIES FOR YEARS BEFORE 2020. 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 0 0 RAYMOND M BAUSO EXECUTIVE DIRECTOR 266527 0 0 0 44508 0 0 0 0 0 311035 0 0 0 DOUGLAS R FAHRINGER GENERAL COUNSEL 183718 0 0 0 46742 0 0 0 0 0 230460 0 0 0 LISA A PRATT CLAIM MANAGER 186179 0 0 0 32013 0 0 0 0 0 218192 0 0 0 CHRISTOHER SHERMER DIRECTOR OF ACCOUNTING 193792 0 0 0 23912 0 0 0 0 0 217704 0 0 0 FRANCIS E KING CLAIM SUPERVISOR 134649 0 0 0 31561 0 0 0 0 0 166210 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 MEMBERS CONSIST OF 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 11B 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. FORM 990, PART XI, LINE 9: ADJUSTMENTS TO ESTIMATED LIABILITY 14,090,445. 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.