Copyright 2016. The filings should be submitted electronically to the NAIC. Supplement, Supplemental Investment Risk Interrogatories, Supplemental Schedule for Reinsurance Counterparty See the SVO website for a similar list of what was included in this report. The 2023 NAIC committee leadership assignments are as follows. The decision of whether to purchase cancer insurance can be a challenging one. The Competition Database Report was created to provide a single source of reference measures that serve as a starting point for examining the competitiveness of state insurance markets. (1) Checklist (2) Line # (3) REQUIRED FILINGS FOR THE Explore recent publications, the latest news articles, new federal and legislative news, and model laws to help inform your approach. For more information, please refer to Regulation 215 (11 NYCRR 90). Our three-year blueprint for the future shows the way toward building on existing strengths. (816) 783-8600or[emailprotected], For questions about filing fees or accounts receivable: Updated annually. The Bank List publication is no longer produced, and was last published in August 2017. Companies should file ONLY ONE COMPANY per package. 4 (2001) and Supplement 1 to Circular Letter No. E-mail: [emailprotected] Market Regulation Handbook Examination Standards Summary, Market Share Reports for Groups and Companies. Published following each National Meeting. Don't have an MCAS login?Click Here to get it. For information on how to complete the request form, please see the Frequently Asked Questions. The Bank List publication is no longer produced, and was last published in August 2017. Accessibility A glossary of insurance terms and definitions. Updated annually. The March .PDF Filing is the .pdf file for annual statement data, detail for investment schedules and supplements due March 1. If your company writes business in Puerto Rico for any of the MCAS lines of business, you will be expected to report your Puerto Rico data using the MCAS submission tool just as you do for the other participating jurisdictions. A detailed chart includes statutory citations, filing deadlines, workpaper requirements, audit committee requirements and much more. 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). Provides detailed demographic information on more than 5,000 Property, Life and Fraternal, Health, and Title insurers, as well as more than 17,000 offshore alien insurers and reinsurers included in the NAIC database. New York State Department Financial Services 2022 Annual Health Statement Instructions, 2022 Annual Property/Casualty Statement Instructions. Companies should copy the checklist and place an x in this column when submitting information to the state. We're here to help. (212) 709-1562, Actuarial Opinion Summary should be sent electronically via e-mail to:[emailprotected], CD (See Note N): Includes non-U.S. insurers and Lloyd's syndicates that have met and continue to comply with the requirements set forth within the International Insurers Department Plan of Operation. Settings, Start voice New York, NY 10004 Comparative reports include a variety of information - including number of departmental staff, annual budgets, revenues collected, premium volume, number of insurers and producers, and number of consumer complaints filed. IRIS Ratios Manual is also part of the Financial Analysis Solvency Tools (FAST). 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 If having difficulty accessing the above materials, please contactClaire Szpara, 317-232-5312. 2022 Insurance Regulatory Information Systems (IRIS) Ratios Manual. 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. 1991-2023 National Association of Insurance Commissioners. Updated annually. Section 89.5(e)(2) of DFS Insurance Regulation 118. Reporting, Notification of Adverse Financial Condition, Relief from the five-year rotation requirement for Instructions concerning internet filing alternative to filing a CD with New York for the New York Supplement are set forth in Circular Letter No. The current instructions are printed in loose-leaf, three-hole drilled format, and are shipped with tabs. 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. 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. ASIH-OSS-2022, ASIP-OSS-2022, ASIT-OSS-2022, ASIL-OSS-2022. 1. **If Form Source is NAIC, the form should be obtained from the appropriate vendor. 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. Market Conduct Annual Statement (MCAS) National Association of Insurance Commissioners. Albany, NY 12257. One State Street Required to be furnished, in writing, to the Superintendent, within five business days of any determination by the CPA that the Company has materially misstated its financial condition as reported to the superintendent as of the balance sheet currently under audit or that the Company does not meet the minimum capital or surplus requirement of the insurance law as of that date. 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). A Shopper's Guide to Long-Term Care Insurance. WebAnnual Statement Instructions. Explore recent publications, the latest news articles, new federal and legislative news, and model laws to help inform your approach. Note: The New York Supplement (Items # 101, 102 and 105(a)) are not required filings for Foreign RRGs. ERISA, a federal statute that establishes a comprehensive regulatory framework for employee pension benefit plans, preempts most state laws. Annual Statement Blanks Protected Cell, released yearly that provides appropriate format for filing annual statement data information from states and NAIC. Updated annually. If your company only has hybrid-LTC business in a state, you will not see a RTF indicator. A listing of the top 10 companies by state by direct premiums earned is also included in this report. Volume I tracks changes in laws and fees; Volume II includes information on state tax forms. The NAIC will ship a binder to new subscribers. 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. For those considering the purchase of long-term care insurance, buyers' guidelines are incorporated in a consumer-friendly, easy-to-read format. The National Association of Insurance Commissioners serves to protect public interest, promote competitive markets, and improve state regulation of insurance. Derived from the NAIC Accident and Health Policy Experience Exhibit, the report includes aggregated data from the exhibit in the P&C, health, life and fraternal blanks; extensive breakouts of market share data; company index; and important statistics - such as loss ratios, number of policies and certificates, and number of covered lives. By filing over the Internet with the NAIC, an insurer will have fulfilled its electronic filing requirement for national forms with New York and therefore should not file a CD with the Department. The National Association of Insurance Commissioners (NAIC) is a US organization that sets standards and regulations for the insurance industry. Company Licensing Best Practices Handbook. The question of which aspects of state laws have been preempted by the LRRA and which have not is the overall issue that has given rise to many of the other issues. The directory provides biographical and contact information for each regulator, as well as important information about key personnel, including titles, telephone numbers, Web sites and e-mail addresses. Many models also include a legislative history (Proceedings Citations) that explains why the model was adopted and why certain provisions were included. This report contains the latest available data drawn from Medicare Supplement Insurance Expense Exhibits filed with the NAIC. Retaliation: A Guide to State Retaliatory Taxes, Fees, Deposits and Other Requirements. IDOI no longer This guide helps insurers comply with state regulatory requirements regarding annual audited financial reports and related correspondence. Published following each national meeting. MCAS - The Market Conduct Annual Statement, MCAS 2021 - Market Conduct Annual Statement | NAIC, System for Electronic Rates and Forms Filings, Market Regulation and Consumer Affairs (D), Financial Regulation Standards and Accreditation (F), Innovation, Cybersecurity, and Technology (H), Market Conduct Annual Statement Blanks (D), Risk-Based Capital Investment Risk and Evaluation (E), Last day to submit 2020 corrections (See FAQ Document), 2021 filings may be submitted via the online MCAS filing tool, MCAS submissions due for all lines of business, MCAS industry scorecards posted to MCAS Web page for all lines of business, MCAS industry scorecards posted to MCAS Web page for Health, Participation Requirements Detailed information to assist in determining if your company is required to submit MCAS data, Data Collection Worksheets (Blanks) Table layout representation of the required data elements, Data Call and Definitions (Instructions) Listing of MCAS data elements and definitions to follow when preparing data for submission, MCAS User Guide Information about how to use the MCAS application and a listing of data validations used within the application, CSV Data Upload Instructions Layout guidelines for preparing a CSV file for uploading to the MCAS application (The use of a CSV file is not required. of Taxation, Mail the CT-33NL return and payment to: If you are unable to find the answer to your insurance question here, check our FAQs.If you have a question or need assistance, call (800) 342-3736 (M-F, 8:30 AM to 4:30 PM). Professional development for state insurance regulators and industry professionals. One State Street This subscription service provides access to the published version of the handbook, and Market Regulation Handbook Reference Documents will be available in Account Manager. The company may file through the Departments Filings Portal described in Note T or email a copy to Health Bureau mailbox at HealthBureauRegulatory@dfs.ny.gov if the company has no access to the portal. Please Note: This states instructions for companies to file with the NAIC are included in this Checklist. It provides an overview of the entire examination process and then offers specific instructions and suggestions for carrying out each individual phase of examination. See Regulation 118, Section 89.4(c) for additional reporting requirements if the CPA is dismissed or resigns. A summaryof these changes can be found in the Summary of 2021 Changesdocument. Statistical Handbook of Data Available to Regulators. The Market Conduct Annual Statement Blanks (D) Working Group(MCAS Blanks WG)is responsible for the MCAS content and defining the data that is collected. Answers regarding health care law and insurance. (816) 783-8089or[emailprotected], For questions about NAIC Numbers or cocodes call: Provides advice for consumers faced with the decision of whether to purchase Medicare supplement insurance. Companies that file with the NAIC via the Internet are not required to submit diskettes to the NAIC. The Retaliation Guide offers a complete listing of each state's retaliatory tax rates resulting from companies selling insurance products across state lines. Domestic and international policy and outreach initiatives. The Annual Statement Electronic Filing includes the annual statement data and all supplements due March 1, per the Annual Statement Instructions. Purchase One or Multiple Listings. Research and analysis on important insurance issues. Contains the latest available year of data. For existing subscribers, please utilize Learn more about the Robert Dineen award. Instructions for the 2021 MLR Reporting Year . PO Box 15181 The purpose of the white paper is to provide a central resource for regulators and non-regulators regarding the insurance implications of home-sharing. The guide also contains a comprehensive contact list for every state insurance department. Aggregated annual statement data, market share data sorted by covered lives and by earned premium, as well the top 10 groups/companies by health premiums earned are included within the report to provide state and federal regulators with aggregated, more granular financial information reported by health plans. Discover our framework to drive change and promote accountability in our workplace. Access forms, tools, and resources for individuals and organizations to file forms, improve efficiency, and remain compliant. 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. (816) 783-8600. 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. Copyright 2019. Capital Markets Bureau 7th Floor Autoinsurance is an expensive purchase for most Americans and shopping for it can be confusing. 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. INDIANA INSTRUCTIONS . Participation in the Database provides essential data for the Insurance Regulatory Information System (IRIS) Financial Ratio Reports, risk-based capital analysis, and other solvency-related reviews of individual companies, including reporting compliance and financial analysis. Form 1 focuses on the critical assumptions of morbidity and persistency while still presenting high-level loss ratio data. For each line and each state, this publication presents aggregate statistics on premiums, losses, expenses, investment income and estimated profits for the preceding calendar year. Consumer Insurance Search. It makes information that impacts the price of auto insurance in each state readily available to insurance regulators monitoring the market and to the public. Documents exposed by various committee workgroups. Accident and Health Policy Experience Report 2021, Accounting Practices and Procedures Manual. Access technology tools and resources for U.S. insurance regulators. Access public conference call documents and information. By selecting this publication, it allows access to Account Manager to view state law charts related to the Model Laws. It is extremely important that all filings are accurate, complete, and timely. Our three-year blueprint for the future shows the way toward building on existing strengths. The Blanks (E) Task Force modified the 1999 Annual Statement Instructions to waive paper filings of certain NAIC supplements and certain investment schedule detail, if such investment schedule data is available to the states via the NAIC database. This publication offers practical considerations about implementing a loss-cost system in workers' compensation. Foreign property and casualty insurance companies are required to file the New York Supplement electronically with the NAIC and file an electronic copy of the signed notarized New York Supplement jurat page through the Departments Insurance Company and Fraternal Benefit Society Filings Portal. FAQ (Frequently Asked Questions) - Contains both technical and definitional information not located in the other Help documents (Located just under the MCAS "Log In" icon) You will find answers to questions regarding: Market Conduct Contact, MCAS Administrator, and MCAS Contact, Participating Jurisdictions Contacts and Scorecards Provides state MCAS contact information and links to scorecard reports produced each year to show jurisdiction-wide ratio calculations and the distribution of ratios for all companies filing an MCAS in a given jurisdiction. Visit our Library to access archived publications. If the due date falls on a weekend or a legal holiday, then the filing must be received by the Department by the end of the next business day. Please Note: This states instructions for companies to file with the NAIC are included in this Checklist. Financial Statement Filing & Step Through Guide, System for Electronic Rates and Forms Filings, Market Regulation and Consumer Affairs (D), Financial Regulation Standards and Accreditation (F), Innovation, Cybersecurity, and Technology (H), Market Conduct Annual Statement Blanks (D), Risk-Based Capital Investment Risk and Evaluation (E), Purposes and Procedures Manual of the NAIC Investment Analysis Office, Capital Adequacy (E) Task Force (Risk-Based Capital), Statutory Accounting Principles (SAP) (E) Working Group, Updates to the Accounting Practices & Procedures (AP&P) Manual, Financial Internet Filing Online User's Guide, industry-financial-filing-individual-remittance-advice.pdf, industry-financial-filing-combined-remittance-advice.pdf, industry-financial-filing-group-remittance-advice.pdf, 2022Annual 2023Quarterly Financial Statement Filing Deadlines, Annual, Quarterly, and Risk-Based Capital Approved Software Vendors, Formulas for Life, Health & Annuity Guaranty Association Assessable Premium Exhibit Part 2, Purposes & Procedures Manual of the NAIC Investment Analysis Office, Guide to Compliance with State Audit Requirements, Retaliation: A Guide to State Retaliatory Taxes, Fees, Deposits and Other Requirements, Risk-Based Capital (RBC) Forecasting Products, Statutory Accounting Principles (SAP) Self-Study Program, States' Prescribed Differences from NAIC Statutory Accounting Principles (SAP), Assistance with Annual and Quarterly Statement Completion, If your company does not have an NAIC Company code (sometimes called "NAIC Number" or "cocode"), obtain one by completing the. Copyright 2023 State of Indiana - All rights reserved. No revisions have been made as of this date. Access to every published model law, regulation, and guideline. The Quarterly Statement Electronic Filing includes the complete quarterly statement data. Independent CPA, Relief from the Requirements for Audit Committees, Request to File Consolidated Audited Annual Statements, Request for Exemption to File Managements Report of Internal 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. WebPlease contact help@naic.org with questions regarding these accounts. Modifications to the handbook will be uploaded to the OSS platform as they become available following each interim and national meeting of the Market Regulation and Consumer Affairs (D) Committee. Have a question or request? NYS Corporation Tax Links for Internet Filing are provided to the right. The 2022 Market Regulation Handbook is now available via an OSS digital subscription. Workers' Compensation Large Deductible Study. New York, NY 10004 Delivers basic information toguideconsumers through the assessment, selection and purchase of home insurance. 2022 December Detailed Listings of Companies. We provide tools and resources to help regulators set standards and best practices, provide regulatory support functions, and educate on U.S. state-based insurance regulation. 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. Published following each national meeting. Companies report their data to each jurisdiction through the NAIC's on-line MCAS application. DEC 2020. All annual statement amounts must be reported in whole dollars or with 000 omitted, with no reporting of cents unless otherwise noted in the NAICs electronic filing specifications. 4. ClickHEREto access the following resources maintained by the Blanks (E) Working Group: Additional NAIC Accounting and Reporting Resources: File Annual & Quarterly financial statements online This report provides industrywide data for more than 500 individual insurers. The guide includes an overview of long-term care insurance, as well as payment and purchasing options, worksheets, shopping tips and the various policy and benefit plans available. Puerto Rico will begin collecting MCAS filings beginning with the 2022 data to be reported on the filing due dates in 2023. Fall Release 2022- The publication is now available as a PDF via an online subscription service (OSS) through Account Manager. (212) 480-4217. File electronically through the Departments Cybersecurity Portal. The NAIC Financial Data Repository (Database) is updated every year by the National Association of Insurance Commissioners (NAIC) on behalf of and at the direction of its Statement and Corporate Governance Annual Disclosure, Qualifications of CPA The company should carefully read these notes before submitting a filing. File electronically through the Departments Insurance Company and Fraternal Benefit Society Filings Portal. If N/A appears in this column, the filing is required with the domiciliary state. Credit Life and Credit Accident and Health Insurance Experience Report. Select a state or jurisdiction for insurance department contact information. Updated annually. The MCAS application displays an indicator for each state in which, according to your 2020 financial annual statement (FAS), you reported premium meeting the threshold requirements. The National Association of Investment Companies (NAIC) is a Washington DC-based trade association and the largest network of diverse-owned alternative investment firms. Publication explains situations in which having homeowners' insurance may be mandatory, details the basic coverage options available to consumers and answers the most common questions associated with this offering. Webannual statement instructions life/fraternal, health, property and title SCHEDULE BA PARTS 1, 2 AND 3 OTHER LONG-TERM INVESTED ASSETS GENERAL INSTRUCTIONS This publication includes important information about other taxes and assessments, exclusions and deductions, credits, payment due dates, penalties, extensions, fees and deposits. The NAIC provides expertise, data, and analysis for insurance commissioners to effectively regulate the insurance industry and protect consumers. It provides useful insight into the types of policies available and helps you estimate how much insurance will provide adequate coverage, depending on your individual need. One Commerce Plaza To be used with its companion products, this publication provides the appropriate format for filing annual statement data with the states and the NAIC. This white paper will identify best practices for the review of predictive models and analytics filed by insurers with regulators to justify rates and will provide state guidance for the review of rate filings based on predictive models. The overall goal is to assist regulators in evaluating and better understanding insurers' risks in order to develop appropriate corrective action plans sooner, and, therefore, potentially decreasing the frequency and severity of insurance company insolvencies. The goal with this publication is to help market regulators conduct uniform, standardized market analysis and market conduct examinations. Also shows estimated underwriting profits and operating profits, as well as estimated federal taxes. Internet Filing will be available starting February 6, 2023 for submission of the 2022 Annual Financial Statement Filings and conclude on January 31, 2024. 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. Find contact information for insurance departments and local insurance agents, or file a complaint. The Property/Casualty reports include the top 10 company groups by state and the top 125 groups countrywide for each P/C annual statement line of business. We provide tools and resources to help regulators set standards and best practices, provide regulatory support functions, and educate on U.S. state-based insurance regulation. Updated annually. Also includes information about other types of licensing programs; e.g., adjusters, bail bond agents, etc. All 2021 Annual and 2022 Quarterly submissions/updates will conclude on January 31, 2023. The issues brought forth in this publication may also be useful when considering the purchase of other disease-specific insurance policies. Access to Related Charts: State Laws on Insurance Topics will be available via a link in Account Manager. 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. A password-protected Web site allows access to updates to the Manual prior to the next publication. Lead audit partner, Relief from the one-year cooling off period for 2020 National Association of Insurance Commissioners 1 Life . The ORSA Summary Report is a state filing only and should not be submitted by the company to the NAIC. The Valuation Manual sets forth the minimum reserve and related requirements for jurisdictions where the Standard Valuation Law, as amended by the National Association of Insurance Commissioners (NAIC) in 2009, or legislation including substantially similar terms and provisions has been enacted by jurisdictions, and this Valuation Manual (VM) is operative. Currently, the 2022 Financial Condition Examiners Handbook is available as a PDF via an online subscription service (OSS). This handbook provides a guide to assist state insurance departments in establishing an effective examination system. Represents more than two years of work compiling information from more than 50 authorities, including actuaries, accountants and consultants who regularly work on receiverships. One State Street WebLearn about our NAICS and SIC Lists and Data Append Services. It also serves several other regulatory information needs, such as mandated: experience analysis for particular lines or sublines for individual companies and groups; general market structure and performance analysis; and statistics by company, groups or the industry as a whole. Provides domestic company codes and names for more than 5,000 Property, Life and Fraternal, Health, and Title insurers, as well as more than 17,000 offshore alien insurers and reinsurers included in the NAIC database. Developments and trends in financial markets and insurer investments. Posted semiannually. Mr. Gilbert Denton, Senior Insurance Examiner The development of the multistate actuarial (MSA) rate review process as outlined in the MSA Framework document which outlines a consistent national approach for reviewing LTCI rates that results in actuarially appropriate increases being granted by the states in a timely manner and eliminates cross-state rate subsidization. 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. Discover our framework to drive change and promote accountability in our workplace. 2021 Medicare Supplement Lost Ratio (released 2022), Model Laws, Regulations, Guidelines and Other Resources. Recently updated as of July 2021. Only accepted in accordance with the Pricing Per User, 2022 Accounting Practices and Procedures Manual Online Subscription, ASBH-OSS-2022, ASBL-OSS-2022, ASBP-OSS-2022, ASBT-OSS-2022, ASBS-OSS-2022. Departments prior instructions. Professional development for state insurance regulators and industry professionals. This handbook is based on the Producer Licensing Model Act (MDL-218), the Uniform Resident Licensing Standards and other guidelines. While cancer treatment accounts for 10 percent of all U.S. health expenses, the policy will only provide benefit if one is afflicted with the disease. 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. AUDIT/INTERNAL CONTROL RELATED REPORTS, Audited Financial Reports Exemption Affidavit, Communication of Internal Control Related Matters Noted in This column contains one of three words: NAIC, State, or Company, If this column contains NAIC, the company must obtain the forms from the appropriate vendor. Health Annual Statement Instructions. (212) 480-4669 View actions considered by committees, task forces, and subgroups, as well as charges, schedules, and staff links. The Life Insurance Buyer'sGuideis a one-stop-shop for information related to life insurance. This includes all detail investment This digital publication is now offered as three separate products, which will include the full six-volume set as well as updates that occur after the NAIC's Spring, Summer, and Fall National Meetings. For more information, please refer to, Insurance Co and Fraternal Benefit Society, Rate and Form Filing Requirements and Checklists. ****A Form F filing is required to be filed annually by a New York domestic insurer that is not part of a group and meets a specified premium threshold. This subscription service provides access to the published version of the handbook, and updates to the publication will be available in Account Manager. Updated annually. To be used with its companion products, this publication provides the appropriate format for filing annual statement data with the states and the NAIC. The ORSA Guidance Manual provides guidance to an insurer and/or an insurance group of which the insurer is a member regarding the reporting of its Own Risk and Solvency Assessment (ORSA) as required by the domestic state's version of the Risk Management and Own Risk and Solvency Assessment Model Act (#505). WebDEPARTMENT OF INSURANCE Annual Statement Filing Checklists & Instructions All Annual Statement filings submitted to the Kentucky Department of Insurance shall be completed in accordance with the National Association of Insurance Commissioners' Accounting Practices and Procedures Manual, as amended, pursuant to KRS 304.3-240. Contains a summary of market distribution and average cost by policy form and amounts of insurance-specific information for each state regarding number of homeowners policies written, amount of insurance and average premiums. The Combined Annual Statement.PDF Filing is the .pdf file for the Combined annual statement data and the combined Insurance Expense Exhibit. The paper revisits and reconsiders issues raised in a similar 2006 Workers' Compensation Large Deductible Study. The NAIC Annual Statement and New York Supplement require the use of bar codes on the jurat page and certain other pages and forms. Buyers Guide to Fixed Deferred Annuities, Understanding Life Settlements: Selling Your Life Insurance Policy. Illustrates the seismic risk the country faces and facilitates financial preparedness through an understanding of earthquake insurance. Learn more about the Robert Dineen award. Complete the financial statements using software from an approved vendor. This publication is Updated quarterly. of Taxation (copy to The Combined Annual Statement Electronic Filing includes the required pages of the combined annual statement and the combined Insurance Expense Exhibit. QSBH-OSS-2023, QSBP-OSS-2023, QSBL-OSS-2023, QSBT-OSS-2023. Recently published in 2021. The June .PDF Filing is the .pdf file for the Audited Financial Statements and Accountants Letter of Qualifications. This column contains references to the Notes to the Instructions that apply to each item listed on the checklist. The publication provides demographic and insurer/syndicate contact information. Developments and trends in financial markets and insurer investments. Diskettes should be labeled. View actions considered by committees, task forces, and subgroups, as well as charges, schedules, and staff links. This includes all detail investment schedules and other supplements for which the Annual Statement Instructions exempt printed detail. Companies are not required to file hard copy filings with the NAIC. To follow the Market Analysis Procedures (D) Working Group and their discussions related to new MCAS lines of business, visit their webpage:/cmte_d_mapwg.htm. Research and analysis on important insurance issues. You need not file reports marked "None". Answers regarding health care law and insurance. Further, extensions for the filing of audited financial statements are only provided upon written application by the insurer to the superintendent, and such extension is only granted if the superintendent finds that compliance would constitute a financial or organizational hardship, as provided in Section 307(b)(3) of the Insurance Law. NOTE: Annual Statement Blanks are produced and sold separately from Quarterly Statement Blanks. EO (electronic only filing). System for Electronic Rates and Forms Filings, Market Regulation and Consumer Affairs (D), Financial Regulation Standards and Accreditation (F), Innovation, Cybersecurity, and Technology (H), Market Conduct Annual Statement Blanks (D), Risk-Based Capital Investment Risk and Evaluation (E), https://content.naic.org/state_licensing_handbook.htm. This publication is the primary source for insurers to comply with the NAIC's reporting requirements. Form 2 focuses on the developing level of funds from the issue age premium basis and compares this to the active life reserve. WebInstructions. Stop.Call.Confirm is a registered service markof the National Association of Insurance Commissioners. KANSAS CITY, Mo., Jan. 18, 2023 /PRNewswire/ -- The National Association of Insurance Commissioners (NAIC) has named its 2023 committee chairs and vice chairs. Browse our timeline to learn how we support insurance regulators in their mission to protect consumers and ensure fair and healthy insurance markets. Updated annually. Adopted modifications to the instructions will be posted within three weeks following each National Meeting and made available for download in .pdf format with the revision date. Find contact information for insurance departments and local insurance agents, or file a complaint. Provides average costs associated with personal automobile insurance nationwide. Statistical Compilation of Annual Statement Information. 12/31/2021 . While focusing on deferred annuity contracts, the publication covers the annuity purchasing process from start to finish and includes questions customers should ask their agent or company along the way. The UCAA Instructions are designed to assist companies in filing a primary application, an expansion application or corporate amendment to the certificate of authority. Please note: This summary does not represent all examination standards, methodologies and areas of review that could be utilized by an insurance department. 2021 Annual Statement Update - Schedules - Gain Compliance Statement Modifications Effective as of the 2021 Annual Statement (Notes-related modifications are recorded (MCAS Blanks Working Group Webpage), Authority ReferencesData Call LetterSignatures. Its use will help insurance regulators provide speed-to-market for insurers, while continuing to maintain a high level of protection for consumers. The Synopsis is a brief, handy overview of the activity at each NAIC national meeting. WebThe Largest Network of Diverse-Owned Private Equity Firms and Hedge Funds. The Health and Welfare Plans Under the Employee Retirement Income Security Act: Guidelines for State and Federal Regulation, This handbook provides state insurance regulators with a resource guide to help them through the labyrinth of ERISA preemption analysis. As of August 2019, the contact information is current as provided to the NAIC by the state insurance departments. Form 5 requires information at the state level. Property Bureau 4th Floor This publication contributes to the goal of providing state insurance departments with an integrated approach to screening and analyzing the financial condition of insurance companies by explaining ratio calculations and providing worksheets and benchmarks that are part of the NAIC's IRIS. 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. 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. Hard copy filings of the signed notarized New York Supplement jurat page should be directed to: All parts of the Annual Statement except those schedules identified as N/A on the checklist and all parts of the New York Supplement must be accounted for. Derivatives (where applicable), Qualifications of CPA Section 89.5(e)(2) of DFS Insurance Regulation 118, Cybersecurity Certification of Compliance. (b) (1) Every property and casualty insurance company domiciled in this state that is required to submit a statement of actuarial opinion shall annually submit an actuarial opinion summary, written by the company's appointed actuary. Updated annually. Directory of Receivership and Run-off Resources. The Supplemental .PDF Filing is the .pdf file for all supplemental schedules and exhibits due April 1. Form B-Holding Company Registration ), CSV Assistant Instructions Guidance for using the CSV Assistance Files, CSV Assistant Files Templates to assist in the creation of CSV data files, Scorecard Ratio Formulas Listing of standard scorecard ratios calculated for each MCAS lines of business. The white paper describes common exclusions found in homeowners and dwelling policies and outlines the coverage options for home-sharing hosts and guests. fileslib. 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 This page is available in other languages. Learn more about the Robert Dineen award. Insurance Company and Fraternal Benefit Society Filings Portal. If this column contains Company, the company, or its representative (e.g., its CPA firm), is expected to provide the form based upon the appropriate state instructions or the NAIC Annual Statement Instructions. Included with every model is a state action page that cites each state's enacted model or similar legislation. For more information, please access :https://content.naic.org/state_licensing_handbook.htm, States' Prescribed Differences from NAIC Statutory Accounting Principles. WebREQUIRED FILINGS IN THE STATE OF: Pennsylvania Filings Made During the Year 2021 FOREIGN/ALIEN COMPANIES SHOULD ONLY FILE THOSE SPECIFIC ITEMS NOTED AS REQUIRED IN THE FOREIGN COLUMN. This handbook is updated annually. The NAIC provides expertise, data, and analysis for insurance commissioners to effectively regulate the insurance industry and protect consumers. Representatives from diverse groups who provide varied perspectives on insurance regulatory issues. Includes references to NAIC product filing tools and instructions. Provides the most current, complete information available on administering insurance company receiverships. The handbook attempts to explain the various approaches that the states have taken in dealing with these issues. Having a problem with an insurance company or agent? 4 (2001), dated 2/6/08. Domestic and international policy and outreach initiatives. National Association of Insurance Commissioners (NAIC) Publications The following materials are for the 2021 reporting year and will be updated on an ongoing basis Financial Analysis All RRGs are required to submit the filings identified in items 1, 1.1, 2, 12, 31 and 82. (Located at the top of the page under the MCAS header). Updated annually. 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. ***The Corporate Governance Annual Disclosure is required to be filed annually by authorized insurers. Explore future meetings and access past event documents. 2022 Annual Statement Blanks Health Online Bookshelf Version, 2022 Annual Statement Life/Fraternal Online Bookshelf Version, 2022 Annual Statement Property/Casualty Online Bookshelf Version, 2022 Annual Statement Title Online Bookshelf Version, 2022 Annual Statement Blanks Separate Online Bookshelf Version. 2022 Market Regulation Digital Subscription, Market Regulation Handbook - Examination Standards Summary. Can't find what you are looking for? The Accident & Health reports contain the top 125 groups by state and countrywide for total A&H premiums written. Access to every published model law, regulation, and guideline. Online Subscription With a focus on finding the right policy at a good value, the publication details important facts to discuss with insurance providers and addresses the implications associated with dropping a policy once it has been purchased. New York, NY 10004. Designed as a premier research tool, the Proceedings of the NAIC is the official, permanent record of all NAIC action, including model laws and regulations, as well as committee and task force minutes and reports. Explore our open opportunities for your chance to join our team. Webfirm), is expected to provide the form based upon the appropriate state instructions or the NAIC Annual Statement Instructions. Property Bureau 6th Floor Recommendations are aimed at adding uniformity and consistency to regulatory processes, while being responsive to state-specific needs. Property Bureau 4th Floor Insurance Department Resources Report Volume Two, Insurance Department Resources Report Volume One, Insurance Implications of Home-Sharing: Regulator Insights and Consumer Awareness. *****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. Filings new, discontinued or modified materially since last year: Please review checklist for the changes made this year. Divided into three sections - Annual. (816) 783-8400, For questions about the database & electronic filing: REQUIRED FILINGS IN THE STATE OF: NEW YORK, Printed Investment Schedule detail (Pages E01-E29), Quarterly Financial Statement (8 x 14), Combined Annual Statement (8 x 14), Accident & Health Policy Experience Exhibit, Cybersecurity and Identity Theft Insurance Coverage Reports available since 1990. Line # refers to a standard filing number used for easy reference. You may be requested to update your contact information twice when you log in. Office of Financial Management WebDownload Naic instructions 2021 Read Online Naic instructions 2021. ANNUAL STATEMENT FOR THE YEAR 2020 OF THE SEPARATE ACCOUNTS OF THE 19942020 National Association of Insurance Commissioners SA3 Data displayed for easy reference and comparison. Foreign insurers can file electronically. Life Insurance Policy Locator. not be submitted by the company to the NAIC. RRGs do not have to file hard copy filings with the Department. WebMarket Conduct Annual Statement (MCAS) In 2002, the National Association of Insurance Commissioners (NAIC) began the Market Conduct Annual Statement (MCAS) as a means of collecting key market performance data for regulators, providing more consistent measurements and comparisons between companies. Should the domiciliary state set forth accounting guidance that differs from the AP&P Manual, disclosures of such must be made. Access technology tools and resources for U.S. insurance regulators. Exclusive, industry-focused manuals, data, and more. Uniform Certificate of Authority Application (UCAA) Instructions. It is the responsibility Explore future meetings and access past event documents. Updated annually. Access public conference call documents and information.