naic annual statement instructions 2021

Additionally, hybrid-LTC premium is only reported on a national basis and is not available to indicate RTF on a state basis. Statement and Corporate Governance Annual Disclosure, Qualifications of CPA 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. Property Bureau 4th Floor The Life and Fraternal reports contain the top 125 groups by state and countrywide for life insurance, annuity considerations and total premiums written. This handbook is updated annually. Property Bureau 4th Floor Albany, NY 12257. Have a question or request? 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. Statistical Handbook of Data Available to Regulators. 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. An easy reference guide regarding the review of rate, rule and form filings to be used by insurance companies. The Supplement must be bound at the left side in sequential order and it must have a "COVER" page that indicates New York Supplement to the Annual Statement, the FULL Company Name and the Year. For those considering the purchase of long-term care insurance, buyers' guidelines are incorporated in a consumer-friendly, easy-to-read format. Revisions are identified in bold font and summarized in a memo included within the publication, 2022 RBC Forecasting and Instructions-Health online subscription service, 2022 RBC Forecasting and Instructions-Life online subscription service, 2022 RBC Forecasting and Instructions-Property/Casualty online subscription service, State Insurance Regulation: Key Facts and Market Trends, Provides guidance and contains suggested best practices for state insurance departments in administering a producer-licensing program. Developments and trends in financial markets and insurer investments. Find contact information for insurance departments and local insurance agents, or file a complaint. Retaliation: A Guide to State Retaliatory Taxes, Fees, Deposits and Other Requirements. Access technology tools and resources for U.S. insurance regulators. WebThe annual statement can be filed electronically with the National Association of Insurance Commissioners (NAIC). View actions considered by committees, task forces, and subgroups, as well as charges, schedules, and staff links. Form B-Holding Company Registration This guide helps insurers comply with state regulatory requirements regarding annual audited financial reports and related correspondence. See the SVO website for a similar list of what was included in this report. Copyright 2016. 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. Transmit your filing to the NAIC via the Internet. 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. Purposes and Procedures Manual of the NAIC Investment Analysis Office. The Annual Statement Electronic Filing includes the annual statement data and all supplements due March 1, per the Annual Statement Instructions. As of August 2019, the contact information is current as provided to the NAIC by the state insurance departments. The FAS Supplemental Health Care Exhibit and LTC Reporting Forms 1 through 5 filing deadline is April 1. Documents exposed by various committee workgroups. InsData. Updated annually. Filings new, discontinued or modified materially since last year: Please review checklist for the changes made this year. Membership lists, services and education to serve you and your mission. Published semiannually. Explore future meetings and access past event documents. Form 2 focuses on the developing level of funds from the issue age premium basis and compares this to the active life reserve. If this column contains State, the state will provide the forms with the filing instructions. This handbook is based on the Producer Licensing Model Act (MDL-218), the Uniform Resident Licensing Standards and other guidelines. Updated biennially. A listing of bond mutuals that meet conditions in the Purposes and Procedures Manual of the NAIC, qualifying them for more favorable reserve treatment. WebInstructions. WebLIFE, ACCIDENT AND HEALTH/FRATERNAL INSURERS COMPANY NAME: NAIC Company Code: Contact: Telephone: REQUIRED FILINGS IN THE STATE OF:IllinoisFilings Made During the Year 2021 Page 3 of 6 (1) Check- list (2) Line # (3) REQUIRED FILINGS FOR THE ABOVE STATE (4) NUMBER OF COPIES* (5) DUE DATE (6) APPLICABLE 1. 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. (MCAS Blanks Working Group Webpage), Authority ReferencesData Call LetterSignatures. This subscription service provides access to the published version of the handbook, and Market Regulation Handbook Reference Documents will be available in Account Manager. New York State Department of Financial Services Theguideaims to help consumers obtain a policy that provides them with a level of coverage that satisfies all their needs, but does so at the lowest possible cost. 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. 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. Companies that file with the NAIC via the Internet are not required to submit diskettes to the NAIC. One State Street Any questions not addressed by the documents located on this page can be sent to eithermcas@naic.orgorhelp@naic.org. To be used with its companion products, this publication provides the appropriate format for filing annual statement data with the states and the NAIC. Also, you must complete the New York Supplement page entitled "Supplemental Exhibits and Schedules Interrogatories" if there is nothing to report for those New York Supplement, exhibits or schedules. Discover our framework to drive change and promote accountability in our workplace. Our three-year blueprint for the future shows the way toward building on existing strengths. Audit, Managements Report of Internal Control Over Financial However, there are updates to the Life, Annuity, Homeowner, Private Passenger Auto, and Lender-Placed Auto and Home lines of business. 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 of Taxation (copy to 2022 December Detailed Listings of Companies. Updated annually. A Shopper's Guide to Long-Term Care Insurance. Representatives from diverse groups who provide varied perspectives on insurance regulatory issues. Stop.Call.Confirm is a registered service markof the National Association of Insurance Commissioners. should refer to the specific instructions for N ote 1 contained in the Official NAIC Annual Statement Instructions Property/Casualty for the 2021 reporting year. This handbook is not intended to constitute a comprehensive company licensing procedures manual. New York State Department of Financial Services This publication offers practical considerations about implementing a loss-cost system in workers' compensation. If N/A appears in this column, the filing is required with the domiciliary state. All amendments to your Annual Statement and/or New York Supplement must be provided in hard copy as well as an amended ELECTRONIC filing. Form 4 tracks life insurance and annuity products that have long-term care benefits provided by acceleration of certain benefits within these products. The insurer also must file a hard copy of the signed jurat page in Oregon as proof of filing. This includes all detail This publication should be used to ensure that all financial filings conform to NAIC requirements. This directory is a comprehensive listing of accountants, actuaries, investment managers, lawyers, reinsurance specialists and general consultants who can help insurance departments administer receiverships. Represents more than two years of work compiling information from more than 50 authorities, including actuaries, accountants and consultants who regularly work on receiverships. (816) 783-8600. Online Subscription 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. (Located at the top of the page under the MCAS header). Insurance Company and Fraternal Benefit Society Filings Portal. Instructions concerning internet filing alternative to filing a CD with New York for the New York Supplement are set forth in Circular Letter No. 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). Financial Internet Filing Online User's Guide, For questions about statement filing: View actions considered by committees, task forces, and subgroups, as well as charges, schedules, and staff links. PLEASE DO NOT FILE ITEMS NOT SPECIFICALLY REQUIRED. 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. This includes all detail investment schedules and other supplements for which the Annual Statement Instructions exempt printed detail. The Supplemental .PDF Filing is the .pdf file for all supplemental schedules and exhibits due April 1. Professional development for state insurance regulators and industry professionals. For more information, please access :https://content.naic.org/state_licensing_handbook.htm, States' Prescribed Differences from NAIC Statutory Accounting Principles. An easy reference for identifying top writers by premium volume. Published following each National Meeting. Access forms, tools, and resources for individuals and organizations to file forms, improve efficiency, and remain compliant. Access public conference call documents and information. This column contains references to the Notes to the Instructions that apply to each item listed on the checklist. The purpose of the white paper is to provide a central resource for regulators and non-regulators regarding the insurance implications of home-sharing. Professional development for state insurance regulators and industry professionals. The Market Regulation Handbook is offered as a digital-only publication via an online subscription service (OSS). 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. Implement the MSA rate review process once adopted by the NAIC Executive (EX) Committee and Plenary. Can't find what you are looking for? New York State Department of Financial Services Research and analysis on important insurance issues. 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. Please note that Protected Cell Blank is now available at no cost, located with free downloads. The Corporate Governance Annual Disclosure is a state filing only and should not be submitted by the company to the NAIC. 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. PAGE 41: NOTES TO FINANCIAL STATEMENTS. 2021 ANNUAL STATEMENT and NEW YORK SUPPLEMENT Life Insurer - General Filing Instructions IMPORTANT FILING REMINDER: Schedule G is to be submitted in its own PDF 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. 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. If the domestic or foreign nonlife insurance company files Form 1120-PC electronically, do not attach the annual statement or pro forma annual statement to the electronically filed return. ClickHEREto access the following resources maintained by the Blanks (E) Working Group: Additional NAIC Accounting and Reporting Resources: File Annual & Quarterly financial statements online WebPlease contact help@naic.org with questions regarding these accounts. Accident and Health Policy Experience Report 2021, Accounting Practices and Procedures Manual. Exclusive, industry-focused manuals, data, and more. See the SVO website for a similar list of what was included in this report. Professional development for state insurance regulators and industry professionals. 2022 Insurance Regulatory Information Systems (IRIS) Ratios Manual. Included with every model is a state action page that cites each state's enacted model or similar legislation. The Table of Contents for the Model Laws products will include an index of the compatible charts for cross referencing (Related Charts: State Laws on Insurance Topics), and the charts themselves will be available via a link in the NAIC's Account Manager system. Capital Markets Bureau 7th Floor Contains the latest available year of data. Corporation Franchise Tax to Dept. All RRGs are required to submit the filings identified in items 1, 1.1, 2, 12, 31 and 82. QSBH-OSS-2023, QSBP-OSS-2023, QSBL-OSS-2023, QSBT-OSS-2023. Directory of Receivership and Run-off Resources. 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. 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. Market Regulation Handbook Examination Standards Summary, Market Share Reports for Groups and Companies. Webannual statement instructions life/fraternal, health, property and title SCHEDULE BA PARTS 1, 2 AND 3 OTHER LONG-TERM INVESTED ASSETS GENERAL INSTRUCTIONS 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. ), 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. Answers regarding health care law and insurance. You are required to file ONLY ONE HARD COPY of the 2021 ANNUAL FILING. Please refer to the Departments guidance for electronic signatures, transactions and filings. New York, NY 10004 Do NOT mail to Albany. We are providing for your use the LIFE Annual Statement Checklist & Instructions. 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. For more information, please refer to Regulation 203 (11 NYCRR 82) on the NYCRR. Form 1 focuses on the critical assumptions of morbidity and persistency while still presenting high-level loss ratio data. Based on the Long-Term Care Insurance Experience Reporting Forms for the annual statement filed with the NAIC, this publication helps regulators monitor and provide data specific to this coverage. Exclusive, industry-focused manuals, data, and more. The Accounting Practices and Procedures Manual presents a comprehensive basis of accounting that should be followed if not in conflict with state statutes and/or regulations. 2023|2022|2021(Current Data Year)|2020|2019|Contacts and Scorecards. Company and Fraternal Benefit Society Filings Portal. Insurance Department Resources Report Volume Two, Insurance Department Resources Report Volume One, Insurance Implications of Home-Sharing: Regulator Insights and Consumer Awareness. A listing of the top 10 companies by state by direct premiums earned is also included in this report. The 2023 NAIC committee leadership assignments are as follows. 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. It is the responsibility Allows monitoring of increases and decreases in market share and overall level of market concentration. The Statistical Compilation provides aggregate annual statement data for property/casualty, life/health insurance companies, all HMOs and companies that write accident and health insurance and file annual statements with the NAIC. Updated annually. Some companies have multiple NAIC numbers say, one number for each subsidiary organization or different numbers for Updated annually. The NCCI Examination Report is a comprehensive examination of the data collection and rate-making activities of the National Council on Compensation Insurance. One State Street Contact us today atidp@naic.orgfor a quote! Data displayed for easy reference and comparison. 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. All foreign mortgage guaranty insurance companies and foreign financial guaranty insurance companies are required to file the New York Supplement electronically with the NAIC and a hard copy of the signed notarized New York Supplement jurat page with the Department. 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 product provides access to every NAIC model law, regulation, and guideline currently published. Any questions regarding filings made by RRGs should be sent directly to: Mr. Kyn Mo, Associate Insurance Examiner Access technology tools and resources for U.S. insurance regulators. Workers' Compensation Large Deductible Study. Divided into three sections - Annual. For the 2020 data year, MCAS data is collected for the following lines of business: TheMarket Analysis Procedures (D) Working Group(MAPWG)is responsible for identifying new MCAS lines of business and promoting uniform analysis by applying consistent measurements and comparisons of MCAS data provided by companies. Volume I tracks changes in laws and fees; Volume II includes information on state tax forms. Summary of 2021 Changes2021 MCAS User GuideScorecard Ratio Formulas, MCAS Revision Process Document The NAIC will ship a binder to new subscribers. Research and analysis on important insurance issues. Please note: This summary does not represent all examination standards, methodologies and areas of review that could be utilized by an insurance department. Column (7) Applicable Notes This column contains references to the Notes to the Instructions that apply to each item listed on the checklist. 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. AUDIT/INTERNAL CONTROL RELATED REPORTS, Audited Financial Reports Exemption Affidavit, Communication of Internal Control Related Matters Noted in Revision:. Currently, the 2022 Financial Condition Examiners Handbook is available as a PDF via an online subscription service (OSS). New York, NY 10004 The NAIC provides expertise, data, and analysis for insurance commissioners to effectively regulate the insurance industry and protect consumers. 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. Access technology tools and resources for U.S. insurance regulators. Financial Statement DataPurchase the data that is the basis of this report and manipulate it to achieve the best possible results for your research. Appropriate notarization required on the actual document. The Synopsis is a brief, handy overview of the activity at each NAIC national meeting. Settings, Start voice This publication includes important information about other taxes and assessments, exclusions and deductions, credits, payment due dates, penalties, extensions, fees and deposits. The Risk -Based Capital .PDF Filing is the .pdf file for risk-based capital data. 4 (2001), dated 2/6/08. Provides average costs associated with personal automobile insurance nationwide. 2020 National Association of Insurance Commissioners 1 Life . Updated annually. The Quarterly Statement .PDF Filing is the .pdf file for quarterly statement data. 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. Subscription includes periodic e-mail alerts directly from the Capital Markets & Investment Analysis Office. Mr. Gilbert Denton, Senior Insurance Examiner Our three-year blueprint for the future shows the way toward building on existing strengths. Browse our timeline to learn how we support insurance regulators in their mission to protect consumers and ensure fair and healthy insurance markets. The product is a zipped file of individual reports in comma-separated values format and is available in Account Manager upon confirmation of purchase. Updated annually. 2021 Medicare Supplement Lost Ratio (released 2022), Model Laws, Regulations, Guidelines and Other Resources. 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. **If Form Source is NAIC, the form should be obtained from the appropriate vendor. Explore our open opportunities for your chance to join our team. 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. 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. input, See a list of licensed insurance companies, See what enforcement actions IDOI has taken, File financial information for my insurance company, Enroll for the Municipality Set-Aside Program, File a Patient's Compensation Fund Certificate of Insurance, Residential Real Estate Acquisition of Licensee Information and Numbers "RREAL IN" Database, Accounting Practices & Procedures Manual Update: May 2021, Accounting Practices & Procedures Manual Update: August 2021, Financial Regulation Standards and Accreditation Program Manual, Uniform Application for Individual Producer License/Registration, Uniform Application for Business Entity Adjuster License/Registration, Uniform Application for Individual Adjuster or Apprentice License/Registration, Uniform Application for Third Party Administrator License, Uniform Application for Business Entity License Renewal/Continuation, Purposes and Procedures Manual of the NAIC Investment Analysis Office, Spring 2021: E Committee Technical Updates, Summer 2021: E Committee Technical Updates, Report

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