Documents exposed by various committee workgroups. Representatives from diverse groups who provide varied perspectives on insurance regulatory issues. 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. Many models also include a legislative history (Proceedings Citations) that explains why the model was adopted and why certain provisions were included. Complete the financial statements using software from an approved vendor. Form B-Holding Company Registration 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. 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. Published semiannually. Only accepted in accordance with the 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. 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. 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. Autoinsurance is an expensive purchase for most Americans and shopping for it can be confusing. Published following each national meeting. The Quarterly Statement Electronic Filing includes the complete quarterly statement data. ClickHEREto access the following resources maintained by the Blanks (E) Working Group: Additional NAIC Accounting and Reporting Resources: File Annual & Quarterly financial statements online Updated annually. It also contains earned premiums, incurred losses, earned exposures and number of claims for both voluntary and residual market business. 2022 December Detailed Listings of Companies. Discover our framework to drive change and promote accountability in our workplace. Have a question or request? The Insurance Department Resources Report provides key statistics on the resources and regulatory activities of the 56 NAIC-member jurisdictions. 1991-2023 National Association of Insurance Commissioners. 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. DEC 2020. Companies may use the checklist to submit to a state, if the state requests it. Retaliation: A Guide to State Retaliatory Taxes, Fees, Deposits and Other Requirements. For information on how to complete the request form, please see the Frequently Asked Questions. of Taxation, Mail the CT-33NL return and payment to: 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 recent publications, the latest news articles, new federal and legislative news, and model laws to help inform your approach. 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. This serves to assist in preventing insolvencies for which liability is imposed on insurers under state guaranty fund laws. 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. 2022 Financial Condition Examiners Handbook online subscription service, Guide to Compliance with State Audit Requirements (Annual Financial Reporting Model Regulation #205). 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. 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. Financial Statement DataPurchase the data that is the basis of this report and manipulate it to achieve the best possible results for your research. Compendium of State Laws that pertain to one or more NAIC Model Laws are made available online through the NAIC's Account Manager with the purchase of the Model Laws product. Data displayed for easy reference and comparison. The Corporate Governance Annual Disclosure is a state filing only and should not be submitted by the company to the NAIC. What do documents on this Web page tell me? The Life and Fraternal reports contain the top 125 groups by state and countrywide for life insurance, annuity considerations and total premiums written. Learn more about the Robert Dineen award. This waiver could include supplemental annual statement filings. Explore future meetings and access past event documents. Companies are not required to file hard copy filings with the NAIC. 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. 2022 Insurance Regulatory Information Systems (IRIS) Ratios Manual. WebDownload Naic instructions 2021 Read Online Naic instructions 2021. Copyright 2022. 4 (2001), dated 2/6/08. Published three times annually following the NAIC's Spring, Summer, and Fall National Meetings. Access to every published model law, regulation, and guideline. Chapters discuss takeover and administration; data processing; accounting and financial analysis; investigation and asset recovery; claims; guaranty funds; reinsurance; special receiverships; and legal considerations. 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. Reports available since 1990. Exclusive, industry-focused manuals, data, and more. The guide also contains a comprehensive contact list for every state insurance department. 2023 Annual Statement Instructions Revisions. The RBC Forecasting and Instructions explains the RBC formula, which should be helpful to anyone responsible for submitting data. Derivatives (where applicable), Qualifications of CPA Section 89.5(e)(2) of DFS Insurance Regulation 118, Cybersecurity Certification of Compliance. 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. PAGE 41: NOTES TO FINANCIAL STATEMENTS. Each insurance company in the United States has an NAIC numb er. The NAIC will ship a binder to new subscribers. Accident and Health Policy Experience Report 2021, Accounting Practices and Procedures Manual. 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. Currently, the 2022 Financial Condition Examiners Handbook is available as a PDF via an online subscription service (OSS). PLEASE DO NOT FILE ITEMS NOT SPECIFICALLY REQUIRED. The annual/quarterly statement filings will need to be uploaded via the Company Document Submission Portal. This report contains the latest available data drawn from Medicare Supplement Insurance Expense Exhibits filed with the NAIC. (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. Provides advice for consumers faced with the decision of whether to purchase Medicare supplement insurance. The Annual Statement Electronic Filing includes the annual statement data and all supplements due March 1, per the Annual Statement Instructions. The 2023 NAIC committee leadership assignments are as follows. Membership lists, services and education to serve you and your mission. View actions considered by committees, task forces, and subgroups, as well as charges, schedules, and staff links. This publication provides information regarding each state's prescribed differences from NAIC statutory accounting principles, including a citation to the respective state statute and/or regulation. Access forms and tools to file expense reports, review Grant and Zone Scholarship balances, and access NAIC travel guidelines. Research and analysis on important insurance issues. Statement and Corporate Governance Annual Disclosure, Qualifications of CPA Answers regarding health care law and insurance. One State Street Have a question or request? Provides the most current, complete information available on administering insurance company receiverships. This publication offers practical considerations about implementing a loss-cost system in workers' compensation. Updated biennially. *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. Browse our timeline to learn how we support insurance regulators in their mission to protect consumers and ensure fair and healthy insurance markets. The NAIC provides expertise, data, and analysis for insurance commissioners to effectively regulate the insurance industry and protect consumers. 1991-2023 National Association of Insurance Commissioners. 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. 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. 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 Allows monitoring of increases and decreases in market share and overall level of market concentration. 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. 2023|2022|2021(Current Data Year)|2020|2019|Contacts and Scorecards. 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. New York, NY 10004 2021 Annual Statement Health Instructions Naic 2021 Annual Statement Health Instructions Close An edition of 2021 Annual Statement Health Instructions(2021) Long-Term Care Insurance Multistate Rate Review Framework. Diskettes should be labeled. Updated annually. Documents exposed by various committee workgroups. 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). E-mail: [emailprotected] Line # refers to a standard filing number used for easy reference. Insurance Regulatory Information Systems (IRIS) Ratios Manual. The XXX in this column might signify that the state has waived the paper filing of the annual statement and all supplements. It is the responsibility This publication is Updated quarterly. New York, NY 10004 Control Over Financial Reporting, Report of Significant Deficiencies in Internal Controls, Filings Checklist (with Column 1 completed), Corporation Franchise Tax to Dept. Access forms and tools to file expense reports, review Grant and Zone Scholarship balances, and access NAIC travel guidelines. Answers regarding health care law and insurance. Online subscription service ( OSS ) Grant and Zone Scholarship balances, and analysis for commissioners... State, if the state requests it voluntary and residual market business expensive for! Are as follows the checklist to submit to a state, if the state requests it possible. Not be submitted by the company Document Submission Portal submitted by the company Document Submission Portal,! Webdownload NAIC instructions 2021 for both voluntary and residual market business from diverse groups provide... Naic provides expertise, data naic annual statement instructions 2021 and staff links binder to new subscribers the 125... 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