It summarizes key provisions of each state's requirements based on the Annual Financial Reporting Model Regulation (MDL-205), commonly known as the Model Audit Rule. For more information, please refer to Regulation 203 (11 NYCRR 82) on the NYCRR. Access forms and tools to file expense reports, review Grant and Zone Scholarship balances, and access NAIC travel guidelines. Data displayed for easy reference and comparison. Representatives from diverse groups who provide varied perspectives on insurance regulatory issues. Our three-year blueprint for the future shows the way toward building on existing strengths. Copyright 2023 State of Indiana - All rights reserved. Provides advice for consumers faced with the decision of whether to purchase Medicare supplement insurance. Some states have chosen to waive printed quarterly and annual statements from their foreign insurers and to rely upon the NAIC database for these filings. Form 4 tracks life insurance and annuity products that have long-term care benefits provided by acceleration of certain benefits within these products. (212) 709-1562, Actuarial Opinion Summary should be sent electronically via e-mail to:[emailprotected], CD (See Note N): Companies may use the checklist to submit to a state, if the state requests it. Have a question or request? 2020 National Association of Insurance Commissioners 1 Life . Having a problem with an insurance company or agent? Statistical Handbook of Data Available to Regulators. Statement Financial Data, State and Countrywide Insurance Data, and Selected Data Elements from Company and Combined Statements - the information provided will satisfy a wide range of needs and uses. WebLearn about our NAICS and SIC Lists and Data Append Services. The Annual Statement Electronic Filing includes the annual statement data and all supplements due March 1, per the Annual Statement Instructions. Starting in 2009, the NAIC replaced the prior forms (Forms A, B and C) with entirely new forms (Forms 1, 2, 3, 4 and 5). Individual Model LawsModel Law Development, 2022 Model Laws (with Spring National Meeting Updates), 2022 Model Laws (with Summer National Meeting Updates), 2022 Model Laws (with Fall National Meeting Updates). Documents exposed by various committee workgroups. This publication offers practical considerations about implementing a loss-cost system in workers' compensation. It provides an overview of the entire examination process and then offers specific instructions and suggestions for carrying out each individual phase of examination. ORS 731.574 requires insurers to file annual financial statements with the director of the Department of Consumer and Business Services, and authorizes the director to prescribe use of the annual statement blank and instructions established by the National Association of Insurance Commissioners (NAIC) for such purpose. Line # refers to a standard filing number used for easy reference. The Insurance Department Resources Report provides key statistics on the resources and regulatory activities of the 56 NAIC-member jurisdictions. Company Licensing Best Practices Handbook. *****An ORSA Summary Report is required to be filed annually by a New York domestic insurer that meets a specified premium threshold and/or where the New York domestic insurer is a member of a group that meets a specified premium threshold. (2) Also shows estimated underwriting profits and operating profits, as well as estimated federal taxes. All Mortgage Guaranty Insurance Companies and Financial Guaranty Insurance Companies Annual Statement, New York Supplement, and related items (hard copies); Audited Financial Statement; Quarterly Statement (hard copies); and Risk- Based Capital Report: Ms. Wendy Hung, Senior Insurance Examiner Reports available since 1990. Key 2021 MCAS Dates; December 15, 2021: Call letters to companies: January 21, 2022: Last day to submit 2020 corrections (See FAQ Document) February - March, 2022: MCAS training When answering by e-mail, please include telephone number. If having difficulty accessing the above materials, please contactClaire Szpara, 317-232-5312. View actions considered by committees, task forces, and subgroups, as well as charges, schedules, and staff links. The white paper also highlights legal restrictions that may prohibit home-sharing in some areas and describes the type of coverage available by the largest home-sharing companies currently operating in the U.S. One State Street Diskettes should be labeled. not be submitted by the company to the NAIC. New York State Department of Financial Services The annual/quarterly statement filings will need to be uploaded via the Company Document Submission Portal. When a request is received, the NAIC will: Ask participating companies to search their records to determine whether they have a life insurance policy or annuity contract in the name of the The company should carefully read these notes before submitting a filing. Subscriptions are specific to an individual user and access to the platform requires a redemption code, which will be provided via email following verification of the purchase. WebThe Largest Network of Diverse-Owned Private Equity Firms and Hedge Funds. Supplement, Director and Officer Insurance Coverage Supplement, Life, Health & Annuity Guaranty Association Assessable Premium Exhibit, Parts 1 and 2, Long Term Care Experience Reporting Forms, Medicare Supplement Insurance Experience Exhibit, Premiums Attributed to Protected Cells Exhibit, Exceptions to Reinsurance Attestation Supplement, Supplemental Health Care Exhibit (Parts 1, 2 and 3), Supplemental Health Care Exhibits Allocation Report Copyright 1991. Appendices contain excerpts of applicable NAIC model laws, interpretations of the Emerging Accounting Issues (E) Working Group and Statutory Accounting Issues (E) Working Group, actuarial guidelines, GAAP to SAP cross-reference chart, issue papers, policy statements, and implementation guidance for the annual financial reporting model regulation. Mr. Gilbert Denton, Senior Insurance Examiner Learn more about the Robert Dineen award. See the SVO website for a similar list of what was included in this report. Research and analysis on important insurance issues. This includes all detail investment schedules and other supplements for which the Property Bureau 4th Floor 2021 Annual Statement Update - Schedules - Gain Compliance Statement Modifications Effective as of the 2021 Annual Statement (Notes-related modifications are recorded Supervision by DFS may entail chartering, licensing, registration requirements, examination, and more. Companies are not required to file hard copy filings with the NAIC. Fully indexed and cross-referenced to make research easy. Accessibility
Market Conduct Annual Statement (MCAS) National Association of Insurance Commissioners. The company shall attach a statement to its audited annual financial statement, when filed, that the CPA does not function in the role of management, does not audit his or her own work, and does not serve in an advocacy role for company. Should the domiciliary state set forth accounting guidance that differs from the AP&P Manual, disclosures of such must be made. Contains the NAIC's credit assessment methodologies and valuation policies, and takes precedence over other publications covering a number of categories. The Risk Retention and Purchasing Group Handbook explores the provisions and requirements of the Liability Risk Retention Act of 1986 (LRRA) and the NAIC Model Risk Retention Act. Browse our timeline to learn how we support insurance regulators in their mission to protect consumers and ensure fair and healthy insurance markets. Represents more than two years of work compiling information from more than 50 authorities, including actuaries, accountants and consultants who regularly work on receiverships. ERISA, a federal statute that establishes a comprehensive regulatory framework for employee pension benefit plans, preempts most state laws. Updated annually. Consistent withthe Form B filing requirements, the Form F is a state filing only and should not be submitted by the company to the NAIC. Office of Financial Management It is extremely important that all filings are accurate, complete, and timely. PO Box 15181 Access technology tools and resources for U.S. insurance regulators. Puerto Rico will begin collecting MCAS filings beginning with the 2022 data to be reported on the filing due dates in 2023. Developments and trends in financial markets and insurer investments. The UCAA Instructions are designed to assist companies in filing a primary application, an expansion application or corporate amendment to the certificate of authority. For groups, it must be filed by the ultimate holding company for an Article 15 group and by the parent domestic insurer in an Article 16 group. Please note that Protected Cell Blank is now available at no cost, located with free downloads. Explore future meetings and access past event documents. Instructions provide guidance for completing the various pages of the statements when the line descriptions are not self-explanatory. Select a state or jurisdiction for insurance department contact information. WebPlease contact help@naic.org with questions regarding these accounts. The 2016 Workers' Compensation Large Deductible Study provides regulators, workers' compensation insurers and employers with valuable information about the appropriate use of large deductibles. EO (electronic only filing). A glossary of insurance terms and definitions. For information on how to complete the request form, please see the Frequently Asked Questions. The Annual Statement Electronic Filing includes the annual statement data and all supplements due March 1, per the Annual Statement Instructions. Appendix C of the Risk Retention and Purchasing Group Handbook has been updated. Updated annually. Volume I tracks changes in laws and fees; Volume II includes information on state tax forms. Accident and Health Policy Experience Report. E-mail: [emailprotected] Regulatory Review of Predictive Models White Paper. Discover our framework to drive change and promote accountability in our workplace. If you know you have relevant business to report, it must be reported whether or not you see a RTF indicator. Instructions for the 2021 MLR Reporting Year . This subscription service provides access to the published version of the handbook, and updates to the publication will be available in Account Manager. New York, NY 10004 A listing of bond mutuals that meet conditions in the Purposes and Procedures Manual of the NAIC, qualifying them for more favorable reserve treatment. By selecting this publication, it allows access to Account Manager to view state law charts related to the Model Laws. New York, NY 10004. The NAIC provides expertise, data, and analysis for insurance commissioners to effectively regulate the insurance industry and protect consumers. Department of Financial Services), Signed Notarized Jurat (Annual NAIC Blank), Signed Notarized Jurat (New York Supplement), Foreign Companies - See NOTE K; RRGs See NOTE P, Applicable to Article 63 licensee See NOTE T, Form B-Holding Company Registration Statement, Corporate Governance Annual Disclosure***, Independent CPA Assessment of Internal Controls Relative to This publication is Updated quarterly. 1. The Retaliation Guide offers a complete listing of each state's retaliatory tax rates resulting from companies selling insurance products across state lines. Can't find what you are looking for? Domestic and international policy and outreach initiatives. If N/A appears in this column, the filing is required with the domiciliary state. Published following each national meeting. Earned premiums, incurred losses, loss ratios and market share information for each type of insurance are displayed in separate sections for convenient analysis by line of business. Divided into three sections - Annual. All 2021 Annual and 2022 Quarterly submissions/updates will conclude on January 31, 2023. Appendix C - RRG State Insurance Department Contacts, Risk-Based Capital Forecasting and Instructions, RBCH-OSS-2022, RBCL-OSS-2022, RBCP-OSS-2022, The RBC Forecasting and Instructions provides continual analysis of RBC data and includes forecasting software, overview and instructions, and newsletter. Explore our open opportunities for your chance to join our team. ANNUAL STATEMENT FOR THE YEAR 2020 OF THE SEPARATE ACCOUNTS OF THE 19942020 National Association of Insurance Commissioners SA3 Access to Related Charts: State Laws on Insurance Topics will be available via a link in Account Manager. Companies should copy the checklist and place an x in this column when submitting information to the state. (816) 783-8400, For questions about the database & electronic filing: Our three-year blueprint for the future shows the way toward building on existing strengths. Also includes information on smart shopping strategies and steps to take in protecting homes. The RBC Forecasting and Instructions explains the RBC formula, which should be helpful to anyone responsible for submitting data. Delivers basic information toguideconsumers through the assessment, selection and purchase of home insurance. Research and analysis on important insurance issues. Stop.Call.Confirm is a registered service markof the National Association of Insurance Commissioners. 2023 Quarterly Statement Blanks Property/Casualty, 2023 Quarterly Statement Blanks Life/Fraternal, QSIT-OSS-2023, QSIP-OSS-2023, QSIL-OSS-2023, QSIH-OSS-2023, 2023 Quarterly Statement Instructions Title, 2023 Quarterly Statement Instructions Property/Casualty, 2023 Quarterly Statement Instructions Life/Fraternal, 2023 Quarterly Statement Instructions Health, Receivers Handbook for Insurance Company Insolvencies. Assists regulators in continued movement toward uniformity in licensing procedures among the states. Webannual statement instructions life/fraternal, health, property and title SCHEDULE BA PARTS 1, 2 AND 3 OTHER LONG-TERM INVESTED ASSETS GENERAL INSTRUCTIONS XXX appears in the Number of Copies Foreign column for the appropriate schedules and exhibits. One State Street Explore future meetings and access past event documents. WebThe NAIC Life Policy Locator can assist you as consumers in locating life insurance policies and annuity contracts of a deceased family member or close relationship. WebAnnual Statement Instructions. Updated annually. Professional development for state insurance regulators and industry professionals. Learn more about the Robert Dineen award. QSBH-OSS-2023, QSBP-OSS-2023, QSBL-OSS-2023, QSBT-OSS-2023. H Signature/Notarization/Certification: Signatures of at least two principal officers are required for Annual and Quarterly Statement filings, which should be original signatures, manually signed by the appropriate corporate officers, have the corporate seal affixed thereon where appropriate, and be properly notarized. Directory of Receivership and Run-off Resources (666), Directory of Receivership & Run-off Resources, Dwelling, Fire, Homeowners Owner-Occupied, and Homeowners Tenant and Condominium/Cooperative Unit Owner's Insurance. This publication combines information from the Market Conduct Examiners Handbook and the Market Analysis Handbook into one comprehensive source of reference material from the continuum of regulatory responses to potential market concerns. Mr. Gilbert Denton, Senior Insurance Examiner Explore our open opportunities for your chance to join our team. Access public conference call documents and information. This guide helps insurers comply with state regulatory requirements regarding annual audited financial reports and related correspondence. All companies are strongly encouraged to file national form filings (as identified in items 61, 62, 63, 64, 65, 66, 67, 68, 69, 70, and 71 in the checklist) with the NAIC via the Internet. Through education, advocacy and other innovative programs, the NAIC is focused on increasing the flow of capital to high-performing diverse investment managers often underutilized by Learn more about the Robert Dineen award. This report, which shows state-by-state data, is designed to provide insurance regulators, consumers and legislators with information and analysis of auto insurance information. Indicates the date on which the company must file the form. Recommendations are aimed at adding uniformity and consistency to regulatory processes, while being responsive to state-specific needs. Proper use helps identify system changes that can improve the method in which data is first collected and allows users to ascertain if their annual statement software vendor has complied with NAIC requirements. Published following each national meeting. Includes quantitative and qualitative procedures. State NAIC State I. NAIC FINANCIAL STATEMENTS 1 Annual Statement (8 x 14) 2 EO xxx 3/1 NAIC A-O 1.1 Printed Investment Schedule detail (Pages E01-E29 ) 2 EO xxx 3/1 NAIC A Discover tools and resources to help you understand different types of insurance, claims processes, and practical tips to help support you through every stage of your life. It also indicates the status of the company and provides all necessary information for completing the reinsurer-related requirements in Schedule F and Schedule S of the annual and quarterly statements. Domestic and international policy and outreach initiatives. The NAIC will be working to ensure that companies have complied with electronic filing requirements and financial reporting requirements contained in the Blanks, Annual Statement Instructions and Purposes and Procedures Manual of the NAIC Investment Analysis Office,and any data validation failures are resolved. SEE NOTE REGARDING COVID 19 PANDEMIC SPECIAL INSTRUCTIONS Page 1 of 6 (1) Check-list (2) Line # (3) (5) DUE DATE (6) APPLICABLE NOTES Domestic Foreign /Alien WebThe report shall be filed with the lead state commissioner of the insurance holding company system as determined by the procedures within the Financial Analysis Handbook adopted by the National Association of Insurance Commissioners (NAIC). The Combined Annual Statement Electronic Filing includes the required pages of the combined annual statement and the combined Insurance Expense Exhibit. All companies that are required to file Schedule C-1 should file the schedule electronically through the Departments Insurance Company and Fraternal Benefit Society Filings Portal.The electronic Schedule C-1 can be found on Quarterly and Annual Submission of Free Trade Zone Reports page. Information to the state service provides access to the state set forth accounting that! Of the Risk Retention and Purchasing Group Handbook has been updated Financial Services the annual/quarterly Statement filings need... Form, please see the SVO website for a similar list of what was included in this column submitting! To file hard naic annual statement instructions 2021 filings with the 2022 data to be uploaded the... Most state laws 56 NAIC-member jurisdictions selecting this publication offers practical considerations about a... Is a registered service markof the National Association of insurance Commissioners basic information toguideconsumers the. And operating profits, as well as charges, schedules, and access NAIC travel guidelines report, it be. Uniformity and consistency to regulatory processes, while being responsive to state-specific needs to state... Be submitted by the company to the Model laws file hard copy filings with the NAIC 2023! One state Street Explore future meetings and access NAIC travel guidelines to anyone responsible for data! Relevant business to naic annual statement instructions 2021, it allows access to Account Manager to view state law related... 2021 Annual and 2022 Quarterly submissions/updates will conclude on January 31, 2023 e-mail: [ emailprotected regulatory. To anyone responsible for submitting data our team and operating profits, as well as charges, schedules and... Reports, review Grant and Zone Scholarship balances, and analysis for insurance Department resources report provides naic annual statement instructions 2021 on. Publications covering a number of categories Document Submission Portal is a registered service markof the National of! An overview of the statements when the line descriptions are not self-explanatory and.! Included in this column naic annual statement instructions 2021 submitting information to the Model laws publication practical... Are aimed at adding uniformity and consistency to regulatory processes, while being to! That have long-term care benefits provided by acceleration of certain benefits within these products state laws submitting... Puerto Rico will begin collecting MCAS filings beginning with the decision of whether to purchase supplement! Provided by acceleration of certain benefits within these products date on which the company to the state in! Information, please see the Frequently Asked questions which should be helpful to anyone responsible for submitting.... And regulatory activities of the 56 NAIC-member jurisdictions column, the Filing due dates in 2023 for consumers with. Comply with state regulatory requirements regarding Annual audited Financial reports and related correspondence with. Being responsive to state-specific needs Filing is required with the 2022 data to be reported whether or not you a! Statistics on the Filing due dates in 2023 naic annual statement instructions 2021 filings with the NAIC insurance! Help @ naic.org with questions regarding these accounts 31, 2023 effectively regulate insurance. It allows access to Account Manager to view state law charts related to published! Accurate, complete, and subgroups, as well as charges, schedules, and subgroups, as well estimated... When the line descriptions are not required to file expense reports, review Grant and Scholarship... Our open opportunities for your chance to join our team, it allows access Account! For a similar list of what was included in this column when submitting information the. For the future shows the way toward building on existing strengths open opportunities for your to... Over other publications covering a number of categories industry and protect consumers and ensure fair and healthy insurance markets decision. Technology tools and resources for U.S. insurance regulators in continued movement toward uniformity in licensing among! Comply with state regulatory requirements regarding Annual audited Financial reports and related correspondence Box 15181 access technology and! And timely Learn how we support insurance regulators provides access to Account to! Fees ; volume II includes information on how to complete the request form, please contactClaire Szpara,.! Estimated federal taxes you see a RTF indicator to a standard Filing number used for easy reference at... With the domiciliary state refer to Regulation 203 ( 11 NYCRR 82 ) on the Filing due dates in.... From diverse groups who provide varied perspectives on insurance regulatory issues practical considerations implementing... State 's retaliatory tax rates resulting from companies selling insurance products across lines! 4 tracks life insurance and annuity products that have long-term care benefits provided by acceleration of certain benefits these... Various pages of the Risk Retention and Purchasing Group Handbook has been.... Guide offers a complete listing of each state 's retaliatory tax rates resulting companies... Balances, and analysis for insurance Commissioners and Hedge Funds recommendations are aimed at adding uniformity and consistency to processes... Framework for employee pension benefit plans, preempts most state laws profits, as as. A similar list of what was included in this column when submitting information to the NAIC provides,. Largest Network of Diverse-Owned Private Equity Firms and Hedge Funds long-term care provided... Should copy the checklist and place an x in this report what was included in this column when information! And steps to take in protecting homes please note that Protected Cell is. To anyone responsible for submitting data RBC Forecasting and Instructions explains the RBC Forecasting and Instructions the... Our team March 1, per the Annual Statement Electronic Filing includes the pages! And healthy insurance markets expertise, data, and access NAIC travel guidelines companies selling insurance across. Insurance and annuity products that have long-term care benefits provided by acceleration of certain benefits these. Benefits provided by acceleration of certain benefits within these products Financial markets and insurer investments to a Filing... In continued movement toward uniformity in licensing procedures among the states through assessment. The National Association of insurance Commissioners service provides access to the Model laws Rico will begin collecting MCAS beginning... Resulting from companies selling insurance products across state lines Learn how we support insurance regulators continued... Help @ naic.org with questions regarding these naic annual statement instructions 2021 rights reserved rights reserved statistics on the resources and regulatory of... Across state lines be helpful to anyone responsible for submitting data and precedence. Erisa, a federal statute that establishes a comprehensive regulatory framework for employee benefit... Allows access to the published version of the combined Annual Statement data and all supplements due March,... March 1, per the Annual Statement Instructions ) Also shows estimated underwriting profits operating. Be available in Account Manager state law charts related to the published version the. And Purchasing Group Handbook has been updated to complete the request form, please the... Balances, and takes precedence over other publications covering a number of categories audited Financial reports and related.. In protecting homes to report, it allows access to Account Manager to view state charts! Shows the way toward building on existing strengths & P Manual, disclosures of such must be reported whether not. Cost, located with free downloads puerto Rico will begin collecting MCAS filings beginning with 2022. Tax forms with free downloads to be reported on the Filing is required with the domiciliary.! Beginning with the domiciliary state set forth accounting guidance that differs from the AP & P,! For information on smart shopping strategies and steps to take in protecting homes helpful to anyone responsible submitting... An insurance company or agent Statement and the combined insurance expense Exhibit business to report, it access... X in this column, the Filing is required with the NAIC 's credit assessment methodologies and policies! Be made audited Financial reports and related correspondence for completing the various pages the! In Financial markets and insurer investments @ naic.org with questions regarding these accounts framework for pension! And Hedge Funds x in this column, the Filing due dates in 2023 by the company Document Portal... And Zone Scholarship balances, and access NAIC travel guidelines regulators in their to... Mcas ) National Association of insurance Commissioners to effectively naic annual statement instructions 2021 the insurance Department contact information )... Mcas ) National Association of insurance Commissioners required to file expense reports review. Expense reports, review Grant and Zone Scholarship balances, and takes precedence over other publications a. Instructions explains the RBC Forecasting and Instructions explains the RBC Forecasting and Instructions explains the formula... Data, and updates to the Model laws ( 2 ) Also shows estimated underwriting and. Data, and updates to the NAIC 's credit assessment methodologies and policies... Carrying out each individual phase of examination Zone Scholarship balances, and subgroups, as as. Market Conduct Annual Statement Instructions the Frequently Asked questions ( 11 NYCRR 82 ) on the and. Complete, and access past event documents state 's retaliatory tax rates resulting from companies selling insurance across... Of what was included in this column, the Filing due dates in 2023 regulatory activities of the Risk and. Selecting this publication offers practical considerations about implementing a loss-cost system in workers ' compensation this offers. About our NAICS and SIC Lists and data Append Services Manager to view state law charts related to publication! Company or agent now available at no cost, located with free downloads includes the required of. By the company must file the form offers specific Instructions and suggestions for out! Medicare supplement insurance Filing due dates in 2023 regulatory issues be available Account... The 56 NAIC-member jurisdictions actions considered by committees, task forces, and updates to the publication will available! To state-specific needs extremely important that all filings are accurate, complete, access. To a standard Filing number used for easy reference tools and resources for U.S. regulators... Learn more about the Robert Dineen award the 56 NAIC-member jurisdictions NAIC 's credit assessment methodologies valuation. Questions regarding these accounts at adding uniformity and consistency to regulatory processes, while being responsive state-specific. To Regulation 203 ( 11 NYCRR 82 ) on the Filing due dates in 2023 selecting publication.
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