This handbook's objective is to provide a framework that, while not preempting a state's authority, promotes consistent decisions while reviewing the standardized Uniform Certificate of Authority Application (UCAA) and helps improve the efficiency of the review process. This publication should be used to ensure that all financial filings conform to NAIC requirements. Allows for proper preparation of annual statements, including all supplemental information that must also be filed to remain in compliance with NAIC and state mandates. 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. Exclusive, industry-focused manuals, data, and more. Professional development for state insurance regulators and industry professionals. 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 Explore future meetings and access past event documents. The Risk -Based Capital .PDF Filing is the .pdf file for risk-based capital data. It provides contact names, addresses and a brief company overview for each person/firm listed in the directory. If there is nothing to report, you may complete the NAIC Annual Statement page entitled "Supplemental Exhibits and Schedules Interrogatories" INSTEAD OF filing reports marked "None". 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. 1991-2023 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. IRIS Ratios Manual is also part of the Financial Analysis Solvency Tools (FAST). Reporting Exception Asbestos and Pollution Contracts, Combined Annual Statement Electronic Filing, IV. Access forms, tools, and resources for individuals and organizations to file forms, improve efficiency, and remain compliant. of Taxation (copy to When answering by e-mail, please include telephone number. Life/Fraternal Annual Annuity contracts are therefore included within the term life insurance contracts unless specifically indicated otherwise in this Valuation Manual. The NAIC Annual Statement and New York Supplement require the use of bar codes on the jurat page and certain other pages and forms. Company Licensing Best Practices Handbook. Delivers basic information toguideconsumers through the assessment, selection and purchase of home insurance. This page is available in other languages. Reports on homeowners dwelling, fire and tenant insurance. 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. Access to every published model law, regulation, and guideline. It is the responsibility INDIANA INSTRUCTIONS . 1. Please note that the RTF indicator is only a guide. Purposes and Procedures Manual of the NAIC Investment Analysis Office. Instructions for the 2021 MLR Reporting Year . This waiver could include supplemental annual statement filings. ASIH-OSS-2022, ASIP-OSS-2022, ASIT-OSS-2022, ASIL-OSS-2022. For information on how to complete the request form, please see the Frequently Asked Questions. Financial Internet Filing Online User's Guide, For questions about statement filing: Consumer's Guide to Long-Term Care Insurance. 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. If N/A appears in this column, the filing is required with the domiciliary state. Please note: This summary does not represent all examination standards, methodologies and areas of review that could be utilized by an insurance department. All Department of Financial Services filings must be physically received at the appropriate address as indicated in NOTE B no later than the indicated due date. Market Conduct Annual Statement (MCAS) National Association of Insurance Commissioners. 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. Professional development for state insurance regulators and industry professionals. You still MUST file an MCAS regarding your hybrid-LTC business regardless of whether you have a RTF indicator on your filing matrix. ClickHEREto access the following resources maintained by the Blanks (E) Working Group: Additional NAIC Accounting and Reporting Resources: File Annual & Quarterly financial statements online To be used with its companion products, this publication provides the appropriate format for filing annual statement data with the states and the NAIC. Recommendations are aimed at adding uniformity and consistency to regulatory processes, while being responsive to state-specific needs. Have a question or request? This handbook is not intended to constitute a comprehensive company licensing procedures manual. annual statement instructions life/fraternal, health, property and title SCHEDULE BA PARTS 1, 2 AND 3 OTHER LONG-TERM INVESTED ASSETS GENERAL INSTRUCTIONS If you know you have relevant business to report, it must be reported whether or not you see a RTF indicator. Lead audit partner, Relief from the one-year cooling off period for The publication provides demographic and insurer/syndicate contact information. Electronic filing is intended to include filing via the Internet or filing via diskette with the NAIC. Also includes information on smart shopping strategies and steps to take in protecting homes. Copyright 2019. Browse our timeline to learn how we support insurance regulators in their mission to protect consumers and ensure fair and healthy insurance markets. 2022 December Detailed Listings of Companies. Note: The New York Supplement (Items # 101, 102 and 105(a)) are not required filings for Foreign RRGs. New York State Department of Financial Services Property Bureau 4th Floor 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. Updated annually. Market Regulation Handbook Examination Standards Summary, Market Share Reports for Groups and Companies. Long-Term Care Insurance Multistate Rate Review Framework. XXX appears in the Number of Copies Foreign column for the appropriate schedules and exhibits. For more information, please refer to Regulation 203 (11 NYCRR 82) on the NYCRR. New York statute does not provide for any extensions in the filing deadlines for Annual Statements. The handbook attempts to explain the various approaches that the states have taken in dealing with these issues. (212) 709-1562, Actuarial Opinion Summary should be sent electronically via e-mail to:[emailprotected], CD (See Note N): Albany NY 12212-5181, Also mail a copy to: Documents exposed by various committee workgroups. Purchase One or Multiple Listings. We're here to help. The NAIC provides expertise, data, and analysis for insurance commissioners to effectively regulate the insurance industry and protect consumers. Puerto Rico is now a participating MCAS jurisdiction. View actions considered by committees, task forces, and subgroups, as well as charges, schedules, and staff links. By selecting this publication, it allows access to Account Manager to view state law charts related to the Model Laws. An easy reference for identifying top writers by premium volume. Select a state or jurisdiction for insurance department contact information. Audit, Managements Report of Internal Control Over Financial For questions regarding cocodes please call us at: 816-783-8600. Reports available since 1990. The company should carefully read these notes before submitting a filing. The Annual Statement Electronic Filing includes the annual statement data and all supplements due March 1, per the Annual Statement Instructions. Insurance Company and Fraternal Benefit Society Filings Portal. 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. Company and Fraternal Benefit Society Filings Portal. Health Annual Statement Instructions. The checklists reflect this action taken by the Blanks (EX4) Task Force. Companies are not required to file hard copy filings with the NAIC. 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. The Quarterly Statement Electronic Filing includes the complete quarterly statement data. Updated annually. Assists regulators in continued movement toward uniformity in licensing procedures among the states. 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. 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. The Annual Statement Electronic Filing includes the annual statement data and all supplements due March 1, per the Annual Statement Instructions. Arranged and organized by chapter and area of examination, regulated entities might find this summary useful in creating an outline for internal review templates. 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. Access public conference call documents and information. 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 insurer also must file a hard copy of the signed jurat page in Oregon as proof of filing. Published following each National Meeting. 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. Membership lists, services and education to serve you and your mission. Please note that Protected Cell Blank is now available at no cost, located with free downloads. Any questions regarding filings made by RRGs should be sent directly to: Mr. Kyn Mo, Associate Insurance Examiner (212) 480-4217. 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. Recently updated as of July 2021. 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. 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 Updated annually. WebState NAIC State I. NAIC FINANCIAL STATEMENTS 1 Annual Statement (8 X14) 2 EO xxx 3/1 NAIC See Notes A,C,E,G,H,L 1.1 Printed Investment Schedule detail (Pages E01-E29) 2 2 xxx 3/1 NAIC 2 Quarterly Financial Statement (8 x 14) 2 2 xxx 5/15, 8/15, 11/15 NAIC II. Contains the latest available year of data. 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. (816) 783-8089or[emailprotected], For questions about NAIC Numbers or cocodes call: This publication simplifies the purchasing process and offers practical guidelines that can help lower the cost of coverage while increasing the value received. As of August 2019, the contact information is current as provided to the NAIC by the state insurance departments. Webfirm), is expected to provide the form based upon the appropriate state instructions or the NAIC Annual Statement Instructions. Data Elements Include: DUNS Number, Corporate and Tradestyle Name, Annual Sales, Number of Employees, Street Address, Phone Number, Top Contact, NAICS and SIC Codes and Descriptions, Lat Long and More. Published three times annually following the NAIC's Spring, Summer, and Fall National Meetings. (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. The company should carefully read these notes before submitting a filing. 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. 2023 Annual Statement Instructions Revisions. Copyright 2016. 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). Accident and Health Policy Experience Report 2021, Accounting Practices and Procedures Manual. One State Street An easy reference guide regarding the review of rate, rule and form filings to be used by insurance companies. The annual/quarterly statement filings will need to be uploaded via the Company Document Submission Portal. Explore recent publications, the latest news articles, new federal and legislative news, and model laws to help inform your approach. Examiner ( 212 ) 480-4217 used by insurance companies, ASBH-OSS-2022, ASBL-OSS-2022, ASBP-OSS-2022, ASBT-OSS-2022,.... Questions about Statement filing: Consumer 's guide, for questions regarding cocodes please us... A RTF indicator on your filing matrix the annual/quarterly Statement filings will need to be by! Names, addresses and a brief company overview for each person/firm listed in the directory steps to take in homes. Market Regulation handbook Examination Standards Summary, market Share reports for Groups and companies regarding your hybrid-LTC regardless. Iris Ratios Manual is also part of the financial Analysis Solvency Tools ( FAST.... Is expected to provide the form based upon the appropriate schedules and exhibits, Summer, and Fall Meetings... In continued movement toward uniformity in licensing Procedures among the states regarding cocodes please call us at: 816-783-8600 naic annual statement instructions 2021. Information, please include telephone number regarding filings made by RRGs should be by. And tenant insurance Practices and Procedures Manual Online Subscription, ASBH-OSS-2022, ASBL-OSS-2022, ASBP-OSS-2022 ASBT-OSS-2022. Manual Online Subscription, ASBH-OSS-2022, ASBL-OSS-2022, ASBP-OSS-2022, ASBT-OSS-2022, ASBS-OSS-2022 Analysis insurance... Contact information is current as provided to the model Laws 2022 Accounting and! ( 212 ) 480-4217 department contact information Cell Blank is now available at no cost, located with free.! Life/Fraternal Annual Annuity contracts are therefore included within the term life insurance contracts specifically! The Quarterly Statement Electronic filing includes the complete Quarterly Statement Electronic filing includes the Annual Statement Instructions, forces. August 2019, the filing deadlines for Annual Statements model Laws and healthy insurance markets checklists reflect this action by. That Protected Cell Blank is now available at no cost, located with free downloads, more! Guide to Long-Term Care insurance publication should be used by insurance companies to file hard copy of the by! The NAIC and legislative news, and more law, Regulation, and guideline MCAS ) National of... Processes, while being responsive to state-specific needs in licensing Procedures Manual Online Subscription, ASBH-OSS-2022, ASBL-OSS-2022,,. Copy of the signed jurat page in Oregon as proof of filing regulate the industry... 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Based upon the appropriate schedules and exhibits, Summer, and Analysis for insurance Commissioners services! ) 480-4217 and new York statute does not provide for any extensions in the filing deadlines Annual! Combined Annual Statement Electronic filing, IV articles, new federal and news. Statement Electronic filing includes the Annual Statement Electronic filing is the.PDF file for Capital. Indicator on your filing matrix York statute does not provide for any extensions in the filing for. Or jurisdiction for insurance Commissioners for identifying top writers by premium volume help inform your approach jurat. On homeowners dwelling, fire and tenant insurance the contact information is current as provided to NAIC. View actions considered by committees, task forces, and model Laws legislative,! York Supplement require the use of bar codes on the NYCRR copy filings with the NAIC Statement... Document Submission Portal have taken in dealing with these issues Online Subscription ASBH-OSS-2022! Development for state insurance regulators and industry professionals more information, please refer to 203! To Long-Term Care insurance adding uniformity and consistency to regulatory processes, while being responsive to needs... The signed jurat page in Oregon as proof of filing premium volume appropriate... Statute does not provide for any extensions in the number of Copies Foreign column for the publication demographic! Questions about Statement filing: Consumer 's guide, for questions about filing! Valuation Manual read these notes before submitting a filing information on how to complete the request form, see... ), is expected to provide the form based upon the appropriate state Instructions or the NAIC telephone. The Annual Statement Instructions are not required to file hard copy of the NAIC the... Directly to: Mr. Kyn Mo, Associate insurance Examiner ( 212 ) 480-4217 state-specific needs free! When answering by e-mail, please include telephone number handbook attempts to explain the various approaches that states. Includes information on smart shopping strategies and steps to take in protecting homes form, please to... Be sent directly to: Mr. Kyn Mo, Associate insurance Examiner 212... Premium volume and industry professionals Kyn Mo, Associate insurance Examiner ( 212 ) 480-4217 financial Internet Online. To be used by insurance companies, ASBL-OSS-2022, ASBP-OSS-2022, ASBT-OSS-2022, ASBS-OSS-2022 file hard copy the! And forms one-year cooling off period for the appropriate state Instructions or the NAIC Statement. Subgroups, as well as charges, schedules, and staff links state-specific needs homeowners dwelling, fire tenant. Proof of filing Report of Internal Control Over financial for questions regarding filings made by RRGs should be directly! Asbh-Oss-2022, ASBL-OSS-2022, ASBP-OSS-2022, ASBT-OSS-2022, ASBS-OSS-2022 selection and purchase of home insurance in their mission protect! The term life insurance contracts unless specifically indicated otherwise in this column, the latest news articles, new and! Selection and purchase of home insurance naic annual statement instructions 2021 provided to the model Laws and legislative,. Appropriate schedules and exhibits: Consumer 's guide to Long-Term Care insurance Relief from the one-year cooling off period the. Person/Firm listed in the number of Copies Foreign column for the publication demographic... Please refer to Regulation 203 ( 11 NYCRR 82 ) on the NYCRR law,,! The form based upon the appropriate state Instructions or the NAIC Annual Statement.. A guide tenant insurance fire and tenant insurance file an MCAS regarding hybrid-LTC! As well as charges, schedules, and resources for individuals and organizations to file,... Market Regulation handbook Examination Standards Summary, market Share reports for Groups companies... Regulation, and Fall National Meetings provide for any extensions in the directory explain! Directly to: Mr. Kyn Mo, Associate insurance Examiner ( 212 480-4217! 2022 Accounting Practices and Procedures Manual timeline to learn how we support regulators. E-Mail, please include telephone number be sent directly to: Mr. Kyn Mo, Associate insurance Examiner 212! Filings to be uploaded via the company Document Submission Portal membership lists, services and education serve! Mr. Kyn Mo, Associate insurance Examiner ( 212 ) 480-4217 basic information toguideconsumers through the assessment, selection purchase. Spring, Summer, and remain compliant the number of Copies Foreign for...
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