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). Annual Statement Blanks Protected Cell, released yearly that provides appropriate format for filing annual statement data information from states and NAIC. WebAnnual Statement Instructions. The National Association of Investment Companies (NAIC) is a Washington DC-based trade association and the largest network of diverse-owned alternative investment firms. WebThe annual statement can be filed electronically with the National Association of Insurance Commissioners (NAIC). 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. The This directory contains a complete listing of the 56 insurance departments that are members of the NAIC. A listing of mutual funds that meet conditions in the Purposes and Procedures Manual of the NAIC, qualifying them for more favorable reserve treatment. Annual Statement, New York Supplement, and related items (hard copies); Audited Financial Statement; Quarterly Statement (hard copies); and Risk-Based Capital Report: Mr. Gilbert Denton, Senior Insurance Examiner Documents exposed by various committee workgroups. In addition, the Department requires the Audited Financial Statements and the documents submitted pursuant to Regulation 118 to be bar coded. A password-protected Web site allows access to updates to the Manual prior to the next publication. 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. Appropriate notarization required on the actual document. You need not file reports marked "None". Indicates the number of copies that each foreign or domestic company is required to file for each type of form. 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. Updated annually. 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 itsmembers, the state insurance commissioners. One Commerce Plaza WebInstructions. The checklists reflect this action taken by the Blanks (EX4) Task Force. Companies may use the checklist to submit to a state, if the state requests it. National Insurance Producer Registry. 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. (212) 709-1562, Actuarial Opinion Summary should be sent electronically via e-mail to:[emailprotected], CD (See Note N): Explore recent publications, the latest news articles, new federal and legislative news, and model laws to help inform your approach. InsData. 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. DEC 2020. This publication is Updated quarterly. Updated annually. 2023|2022|2021(Current Data Year)|2020|2019|Contacts and Scorecards. Links for Internet Filing are provided to the right. This includes all detail investment schedules and other supplements for which the Webannual statement instructions life/fraternal, health, property and title SCHEDULE BA PARTS 1, 2 AND 3 OTHER LONG-TERM INVESTED ASSETS GENERAL INSTRUCTIONS 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. WebPlease contact help@naic.org with questions regarding these accounts. No revisions have been made as of this date. Diskettes should be labeled. 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. Buyers Guide to Fixed Deferred Annuities, Understanding Life Settlements: Selling Your Life Insurance Policy. Access technology tools and resources for U.S. insurance regulators. Chapters discuss takeover and administration; data processing; accounting and financial analysis; investigation and asset recovery; claims; guaranty funds; reinsurance; special receiverships; and legal considerations. Consumer Insurance Search. 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. *If XXX appears in this column, this state does not require this filing, if hard/electronic copy is filed with the state of domicile and if the data is filed electronically with the NAIC. Updated annually. Since 2009, this list is updated every year to provide the most up-to-date contact information available. It provides contact names, addresses and a brief company overview for each person/firm listed in the directory. 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 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. Access public conference call documents and information. 2022 Insurance Regulatory Information Systems (IRIS) Ratios Manual. 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. Professional development for state insurance regulators and industry professionals. Access forms, tools, and resources for individuals and organizations to file forms, improve efficiency, and remain compliant. Statement Financial Data, State and Countrywide Insurance Data, and Selected Data Elements from Company and Combined Statements - the information provided will satisfy a wide range of needs and uses. Select a state or jurisdiction for insurance department contact information. Access public conference call documents and information. 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. Its use will help insurance regulators provide speed-to-market for insurers, while continuing to maintain a high level of protection for consumers. The NAIC provides expertise, data, and analysis for insurance commissioners to effectively regulate the insurance industry and protect consumers. Exclusive, industry-focused manuals, data, and more. Includes references to NAIC product filing tools and instructions. A summaryof these changes can be found in the Summary of 2021 Changesdocument. If having difficulty accessing the above materials, please contactClaire Szpara, 317-232-5312. Failure to timely file any component of an annual, quarterly or NY supplement filing subjects insurer to penalties set forth in NY Insurance Law Section 307 and 308. Albany NY 12212-5181, Also mail a copy to: 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. 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. Don't have an MCAS login?Click Here to get it. Health Annual Statement Instructions. This information will assist in identifying and defining elements that make up the medical loss ratio (MLR), evaluating health plan profitability, and tracking and comparing financial results of health care business as reported in the annual financial statements. Please note: This summary does not represent all examination standards, methodologies and areas of review that could be utilized by an insurance department. 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. The Supplemental .PDF Filing is the .pdf file for all supplemental schedules and exhibits due April 1. These are the filing instructions for the report to the Secretary required by section 2718 of the Public Health Service Act (PHSA), which 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 The Annual Statement Electronic Filing includes the annual statement data and all supplements due March 1, per the Annual Statement Instructions. 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. For more information, please refer to Regulation 215 (11 NYCRR 90). This handbook is not intended to constitute a comprehensive company licensing procedures manual. Provide updated information (name, address, telephone number and e-mail address) within 60 days of any change in CPA. For those considering the purchase of long-term care insurance, buyers' guidelines are incorporated in a consumer-friendly, easy-to-read format. Domestic and international policy and outreach initiatives. 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 However, ERISA exempts from federal preemption any state law that regulates the business of insurance -but determining whether a state law is preempted by ERISA can be complex and confusing. It also contains earned premiums, incurred losses, earned exposures and number of claims for both voluntary and residual market business. 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. This includes all detail investment schedules and other supplements for which the Annual Statement Instructions exempt printed detail. Consumer's Guide to Long-Term Care Insurance. Updated annually. Domestic and international policy and outreach initiatives. Autoinsurance is an expensive purchase for most Americans and shopping for it can be confusing. Research and analysis on important insurance issues. Information will be provided at the beginning of each product showing the updated material within the product. Instructions for the 2021 MLR Reporting Year . The company should carefully read these notes before submitting a filing. Answers regarding health care law and insurance. The 2022 Market Regulation Handbook is now available via an OSS digital subscription. 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. It provides an overview of the entire examination process and then offers specific instructions and suggestions for carrying out each individual phase of examination. A listing of the top 10 companies by state by direct premiums earned is also included in this report. Note: For Amended New York Supplement filings, the entire electronic filing is required. Webthe naic has made no warranty or promise, either express or implied, including but not limited to the implied warranty of merchantability and fitness for a particular purpose. Learn more about the Robert Dineen award. 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. 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. Puerto Rico is now a participating MCAS jurisdiction. WebLearn about our NAICS and SIC Lists and Data Append Services. Note: The New York Supplement (Items # 101, 102 and 105(a)) are not required filings for Foreign RRGs. 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. The NAIC will not be sending their own checklist this year. 2021 Annual Statement Update - Schedules - Gain Compliance Statement Modifications Effective as of the 2021 Annual Statement (Notes-related modifications are recorded 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. Designed to educate consumers about the need to consider purchasing earthquake insurance. Also includes information about other types of licensing programs; e.g., adjusters, bail bond agents, etc. 2021 NAIC QUARTERLY STATEMENT INSTRUCTIONS TITLE. 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