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. Explore future meetings and access past event documents. Posted semiannually. Designed to serve as a compilation of the market conduct examination standards found in Chapters 20 - 32 of the Market Regulation Handbook. 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 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. 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. Discover our framework to drive change and promote accountability in our workplace. 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. ****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. All amendments to your Annual Statement and/or New York Supplement must be provided in hard copy as well as an amended ELECTRONIC filing. File electronically through the Departments Insurance Company and Fraternal Benefit Society Filings Portal. All Mortgage Guaranty Insurance Companies and Financial Guaranty Insurance Companies Annual Statement, New York Supplement, and related items (hard copies); Audited Financial Statement; Quarterly Statement (hard copies); and Risk- Based Capital Report: Ms. Wendy Hung, Senior Insurance Examiner Each report includes a record layout to assist with downloading the files for use in a spreadsheet or database. We're here to help. (816) 783-8600or[emailprotected], For questions about filing fees or accounts receivable: It is the responsibility Documents exposed by various committee workgroups. 1. Workers' Compensation Large Deductible Study. 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. New York State Department of Financial Services Therefore, the required to file (RTF) indicators will not be populated until your company has submitted the corresponding forms. Appropriate notarization required on the actual document. 2021 Annual Statement Update - Schedules - Gain Compliance Statement Modifications Effective as of the 2021 Annual Statement (Notes-related modifications are recorded 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 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. 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. We're here to help. The Annual Statement Electronic Filing includes the annual statement data and all supplements due March 1, per the Annual Statement Instructions. The Synopsis is a brief, handy overview of the activity at each NAIC national meeting. The publication provides demographic and insurer/syndicate contact information. A glossary of insurance terms and definitions. This guide presents current and potential users of long-term care insurance with valuable information. (816) 783-8400, For questions about the database & electronic filing: This publication is the primary source for insurers to comply with the NAIC's reporting requirements. 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. 2022 December Detailed Listings of Companies. 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. Company and Fraternal Benefit Society Filings Portal. The Manual includes all statutory accounting guidance that has been adopted by the NAIC as of March. The white paper describes common exclusions found in homeowners and dwelling policies and outlines the coverage options for home-sharing hosts and guests. Recommendations are aimed at adding uniformity and consistency to regulatory processes, while being responsive to state-specific needs. Life/Fraternal Annual National Insurance Producer Registry. Learn more about the Robert Dineen award. The Supplemental .PDF Filing is the .pdf file for all supplemental schedules and exhibits due April 1. 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. For more information, please access :https://content.naic.org/state_licensing_handbook.htm, States' Prescribed Differences from NAIC Statutory Accounting Principles. Our three-year blueprint for the future shows the way toward building on existing strengths. 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. Updated annually. Select a state or jurisdiction for insurance department contact information. 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. Learn more about the Robert Dineen award. ClickHEREto access the following resources maintained by the Blanks (E) Working Group: Additional NAIC Accounting and Reporting Resources: File Annual & Quarterly financial statements online The Bank List publication is no longer produced, and was last published in August 2017. Supervision by DFS may entail chartering, licensing, registration requirements, examination, and more. Published semiannually. Research and analysis on important insurance issues. View actions considered by committees, task forces, and subgroups, as well as charges, schedules, and staff links. Contains the NAIC's credit assessment methodologies and valuation policies, and takes precedence over other publications covering a number of categories. 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. The 2023 NAIC committee leadership assignments are as follows. For information on how to complete the request form, please see the Frequently Asked Questions. ), 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. View actions considered by committees, task forces, and subgroups, as well as charges, schedules, and staff links. For more information, please refer to, Insurance Co and Fraternal Benefit Society, Rate and Form Filing Requirements and Checklists. Subscription includes periodic e-mail alerts directly from the Capital Markets & Investment Analysis Office. (1) Checklist (2) Line # (3) REQUIRED FILINGS FOR THE Updated annually. Instructions provide guidance for completing the various pages of the statements when the line descriptions are not self-explanatory. 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. 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. A glossary of insurance terms and definitions. 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. Updated annually. Since 2009, this list is updated every year to provide the most up-to-date contact information available. Through education, advocacy and other innovative programs, the NAIC is focused on increasing the flow of capital to high-performing diverse investment managers often underutilized by Recently updated as of July 2021. View actions considered by committees, task forces, and subgroups, as well as charges, schedules, and staff links. 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. 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. 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. Consumer Insurance Search. The March .PDF Filing is the .pdf file for annual statement data, detail for investment schedules and supplements due March 1. This serves to assist in preventing insolvencies for which liability is imposed on insurers under state guaranty fund laws. Access public conference call documents and information. Mr. Gilbert Denton, Senior Insurance Examiner When a request is received, the NAIC will: Ask participating companies to search their records to determine whether they have a life insurance policy or annuity contract in the name of the Updated annually. WebLearn about our NAICS and SIC Lists and Data Append Services. *****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. Explore our open opportunities for your chance to join our team. 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. 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 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. 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. Purposes and Procedures Manual of the NAIC Investment Analysis Office. One State Street Updated annually. Browse our timeline to learn how we support insurance regulators in their mission to protect consumers and ensure fair and healthy insurance markets. Webthe committee on property and liability financial reporting's practice note on statements of actuarial opinion on p/c loss reserves (2021), including discussion regarding changes in the naic annual statement instructionsproperty/casualty (naic annual statement instructions) regarding the actuarial opinion, the actuarial opinion summary, and A password-protected Web site allows access to updates to the Manual prior to the next publication. Published three times annually following the NAIC's Spring, Summer, and Fall National Meetings. The checklists reflect this action taken by the Blanks (EX4) Task Force. The Life Insurance Buyer'sGuideis a one-stop-shop for information related to life insurance. Updated annually. Membership lists, services and education to serve you and your mission. Currently, the 2022 Financial Condition Examiners Handbook is available as a PDF via an online subscription service (OSS). NAIC - Supporting Insurance, Regulators, & Public Interest Accessibility
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. ERISA, a federal statute that establishes a comprehensive regulatory framework for employee pension benefit plans, preempts most state laws. 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. Research and analysis on important insurance issues. (212) 480-4669 Updated annually. Also includes information on smart shopping strategies and steps to take in protecting homes. Answers regarding health care law and insurance. 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. Information will be provided at the beginning of each product showing the updated material within the product. Only accepted in accordance with the Directory of Receivership and Run-off Resources. DEC 2020. Electronic filing is intended to include filing via the Internet or filing via diskette with the NAIC. 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. The Annual Statement Electronic Filing includes the annual statement data and all supplements due March 1, per the Annual Statement Instructions. This publication includes important information about other taxes and assessments, exclusions and deductions, credits, payment due dates, penalties, extensions, fees and deposits. Learn more about the Robert Dineen award. The NAIC will not be sending their own checklist this year. WebAttn! Health Annual Statement Instructions. Updated biennially. 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.
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