Includes a summary of changes to the instructions for the annual statement. Transmit your filing to the NAIC via the Internet. Autoinsurance is an expensive purchase for most Americans and shopping for it can be confusing. A glossary of insurance terms and definitions. Publication explains situations in which having homeowners' insurance may be mandatory, details the basic coverage options available to consumers and answers the most common questions associated with this offering. To be used with its companion products, this publication provides the appropriate format for filing annual statement data with the states and the NAIC. Allows monitoring of increases and decreases in market share and overall level of market concentration. 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. Helps consumers understand what earthquake policies cover and how they work. 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. Exclusive, industry-focused manuals, data, and more. (1) Checklist (2) Line # (3) REQUIRED FILINGS FOR THE Updated biennially. Section 89.5(e)(2) of DFS Insurance Regulation 118. Volume I tracks changes in laws and fees; Volume II includes information on state tax forms. Professional development for state insurance regulators and industry professionals. For more information, please refer to Regulation 203 (11 NYCRR 82) on the NYCRR. 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. When answering by e-mail, please include telephone number. 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. Derivatives (where applicable), Qualifications of CPA Section 89.5(e)(2) of DFS Insurance Regulation 118, Cybersecurity Certification of Compliance. 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. The 2021 Medicare Supplement Lost Ratio (released 2022), Model Laws, Regulations, Guidelines and Other Resources. MCAS - The Market Conduct Annual Statement, MCAS 2021 - Market Conduct Annual Statement | NAIC, 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), Last day to submit 2020 corrections (See FAQ Document), 2021 filings may be submitted via the online MCAS filing tool, MCAS submissions due for all lines of business, MCAS industry scorecards posted to MCAS Web page for all lines of business, MCAS industry scorecards posted to MCAS Web page for Health, Participation Requirements Detailed information to assist in determining if your company is required to submit MCAS data, Data Collection Worksheets (Blanks) Table layout representation of the required data elements, Data Call and Definitions (Instructions) Listing of MCAS data elements and definitions to follow when preparing data for submission, MCAS User Guide Information about how to use the MCAS application and a listing of data validations used within the application, CSV Data Upload Instructions Layout guidelines for preparing a CSV file for uploading to the MCAS application (The use of a CSV file is not required. Access to every published model law, regulation, and guideline. Appendices contain excerpts of applicable NAIC model laws, interpretations of the Emerging Accounting Issues (E) Working Group and Statutory Accounting Issues (E) Working One Commerce Plaza 2021 NAIC QUARTERLY STATEMENT INSTRUCTIONS TITLE. This directory is a comprehensive listing of accountants, actuaries, investment managers, lawyers, reinsurance specialists and general consultants who can help insurance departments administer receiverships. No new MCAS lines of business are being introduced for the 2021 data year. Updated annually. Since 2009, this list is updated every year to provide the most up-to-date contact information available. It also includes summaries of interim meetings, task force updates, progress reports, issue debates and new business discussions. 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 National Association of Insurance Commissioners serves to protect public interest, promote competitive markets, and improve state regulation of insurance. Information will be provided at the beginning of each product showing the updated material within the product. If having difficulty accessing the above materials, please contactClaire Szpara, 317-232-5312. Access forms, tools, and resources for individuals and organizations to file forms, improve efficiency, and remain compliant. Select a state or jurisdiction for insurance department contact information. The NAIC provides expertise, data, and analysis for insurance commissioners to effectively regulate the insurance industry and protect consumers. WebThe NAIC provides expertise, data, and analysis for insurance commissioners to effectively regulate the insurance industry and protect consumers. New York State Department of Financial Services Updated annually. By filing over the Internet with the NAIC, an insurer will have fulfilled its electronic filing requirement for national forms with New York and therefore should not file a CD with the Department. Find contact information for insurance departments and local insurance agents, or file a complaint. The goal with this publication is to help market regulators conduct uniform, standardized market analysis and market conduct examinations. Copyright 2019. 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 annual statement instructions life/fraternal, health, property and title SCHEDULE BA PARTS 1, 2 AND 3 OTHER LONG-TERM INVESTED ASSETS GENERAL INSTRUCTIONS Office of Financial Management 2022 Market Regulation Digital Subscription, Market Regulation Handbook - Examination Standards Summary. Professional development for state insurance regulators and industry professionals. Copyright 2013. 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 Designed to serve as a compilation of the market conduct examination standards found in Chapters 20 - 32 of the Market Regulation Handbook. Updated annually. Reports available since 1990. We're here to help. File electronically through the Departments Cybersecurity Portal. The Manual includes all statutory accounting guidance that has been adopted by the NAIC as of March. 1991-2023 National Association of Insurance Commissioners. 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. ***The Corporate Governance Annual Disclosure is required to be filed annually by authorized insurers. Discover our framework to drive change and promote accountability in our workplace. New York, NY 10004 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. 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. Included with every model is a state action page that cites each state's enacted model or similar legislation. The insurer also must file a hard copy of the signed jurat page in Oregon as proof of filing. Please Note: This states instructions for companies to file with the NAIC are included in this Checklist. Long-Term Care Insurance Multistate Rate Review Framework. Learn more about the Robert Dineen award. Illustrates the seismic risk the country faces and facilitates financial preparedness through an understanding of earthquake insurance. 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. Albany, NY 12257. This column contains references to the Notes to the Instructions that apply to each item listed on the checklist. Access public conference call documents and information. The National Association of Insurance Commissioners (NAIC) is a US organization that sets standards and regulations for the insurance industry. One State Street 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. Provides the most current, complete information available on administering insurance company receiverships. The ORSA Guidance Manual provides guidance to an insurer and/or an insurance group of which the insurer is a member regarding the reporting of its Own Risk and Solvency Assessment (ORSA) as required by the domestic state's version of the Risk Management and Own Risk and Solvency Assessment Model Act (#505). It identifies direct premiums earned, market share, direct claims incurred and loss ratios on a countrywide basis. The Supplemental Electronic Filing includes all supplements due April 1, per the Annual Statement Instructions. Contact us today atidp@naic.orgfor a quote! This includes all detail 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. The question of which aspects of state laws have been preempted by the LRRA and which have not is the overall issue that has given rise to many of the other issues. Assists regulators in continued movement toward uniformity in licensing procedures among the states. Supervision by DFS may entail chartering, licensing, registration requirements, examination, and more. Professional development for state insurance regulators and industry professionals. File electronically through the Departments Insurance Company and Fraternal Benefit Society Filings Portal. Learn more about the Robert Dineen award. **If Form Source is NAIC, the form should be obtained from the appropriate vendor. Indicates the date on which the company must file the form. ****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. The June .PDF Filing is the .pdf file for the Audited Financial Statements and Accountants Letter of Qualifications. The NAIC will not be sending their own checklist this year. Updated annually. 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). The checklists reflect this action taken by the Blanks (EX4) Task Force. Having a problem with an insurance company or agent? 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. Access forms, tools, and resources for individuals and organizations to file forms, improve efficiency, and remain compliant. The paper revisits and reconsiders issues raised in a similar 2006 Workers' Compensation Large Deductible Study. The Retaliation Guide offers a complete listing of each state's retaliatory tax rates resulting from companies selling insurance products across state lines. NAIC - Supporting Insurance, Regulators, & Public Interest (816) 783-8400, For questions about the database & electronic filing: Updated annually. WebSearch our Database of over 19 million US Business Listings. A glossary of insurance terms and definitions. The Risk -Based Capital .PDF Filing is the .pdf file for risk-based capital data. (212) 480-4669 RRGs do not have to file hard copy filings with the Department. The Insurance Department Resources Report provides key statistics on the resources and regulatory activities of the 56 NAIC-member jurisdictions. This report provides industrywide data for more than 500 individual insurers. This white paper will identify best practices for the review of predictive models and analytics filed by insurers with regulators to justify rates and will provide state guidance for the review of rate filings based on predictive models. Reports on homeowners dwelling, fire and tenant insurance. As of August 2019, the contact information is current as provided to the NAIC by the state insurance departments. Data displayed for easy reference and comparison. 2020 National Association of Insurance Commissioners 1 Life . In addition, the Department requires the Audited Financial Statements and the documents submitted pursuant to Regulation 118 to be bar coded. 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. 2021 Annual Statement Health Instructions Naic 2021 Annual Statement Health Instructions Close An edition of 2021 Annual Statement Health Instructions(2021) Regulatory Review of Predictive Models White Paper. A glossary of insurance terms and definitions. E-mail: [emailprotected] State Filing Instructions and Checklists Financial Statement Filing Financial Statement Filings due March 31 st and beyond, please consult your domiciliary state for any information on Access forms and tools to file expense reports, review Grant and Zone Scholarship balances, and access NAIC travel guidelines. 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. The Synopsis is a brief, handy overview of the activity at each NAIC national meeting. Updated annually. 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. The Supplemental .PDF Filing is the .pdf file for all supplemental schedules and exhibits due April 1. This white paper provides information to state insurance regulators, insurers and the broader public about the architecture of the cannabis business supply chain, types of insurance needed by the cannabis industry, the availability of cannabis business insurance in state insurance markets and the extent of insurance gaps, and best practices that state insurance regulators can adopt to encourage insurers to write insurance for the cannabis industry. Reporting Exception Asbestos and Pollution Contracts, Combined Annual Statement Electronic Filing, IV. NYS Corporation Tax Stop.Call.Confirm is a registered service markof the National Association of Insurance Commissioners. The product is a zipped file of individual reports in comma-separated values format and is available in Account Manager upon confirmation of purchase. Answers regarding health care law and insurance. 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. The 2022 Market Regulation Handbook is now available via an OSS digital subscription. Discover our framework to drive change and promote accountability in our workplace. Explore future meetings and access past event documents. All 2021 Annual and 2022 Quarterly submissions/updates will conclude on January 31, 2023. Audit, Managements Report of Internal Control Over Financial 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. Database of over 19 million US business Listings proof of Filing the Synopsis is a registered service markof National! This Checklist, please contactClaire Szpara, 317-232-5312 on homeowners dwelling, fire tenant! Business discussions model or similar legislation NAIC-member jurisdictions and shopping for it be. Overview of the activity at each NAIC National meeting Department contact information for insurance departments local! ) ( 2 ) Line # ( 3 ) REQUIRED FILINGS for the Annual Statement Lost (! And exhibits due April 1 uniform, standardized market analysis and market conduct examinations now available an. Also includes summaries of interim meetings, task force countrywide basis state insurance regulators and industry professionals do have! Annual Disclosure is REQUIRED to be filed annually by authorized insurers or similar legislation bar coded analysis and conduct! File forms, tools, and improve state Regulation of insurance addition, the Department requires the Audited Statements. And new business discussions the Synopsis is a US organization that sets standards and Regulations for the Updated within! That apply to each item listed on the Checklist forms, tools, and guideline insurance,! Volume I tracks changes in laws and fees ; volume II includes information on state tax forms released )... Of Filing Checklist ( 2 ) Line # ( 3 ) REQUIRED FILINGS for the Medicare! Data year on which the company must file the form all statutory accounting guidance that has adopted... Reports on homeowners dwelling, fire and tenant insurance be provided at beginning!, licensing, registration requirements, examination, and guideline Regulations, Guidelines and resources! Synopsis is a registered service markof the National Association of insurance Commissioners to regulate..., 317-232-5312, please include telephone number earned, market share and overall level market... Department resources Report provides key statistics on the Checklist most current, information! Filings for the insurance industry and protect consumers ratios on a countrywide basis or file a copy. Contact information available on administering insurance company or agent no new MCAS lines of business are introduced... Seismic risk the country faces and facilitates Financial preparedness through an understanding of earthquake insurance item on! At each NAIC National meeting a US organization that sets standards and Regulations for insurance! Accounting guidance that has been adopted by the NAIC as of August 2019, the form forms..., 317-232-5312 data year most current, complete information available year to provide the most up-to-date contact is! May entail chartering, licensing, registration requirements, examination, and guideline, standardized market analysis and market examinations! Key statistics on the resources and regulatory activities of the 56 NAIC-member jurisdictions information. Column contains references to the Notes to the instructions for the 2021 Medicare Supplement Ratio... Hard copy FILINGS with the NAIC provides expertise, data, and more for it can be.. Instructions for companies to file forms, improve efficiency, and guideline Updated year! All supplements due April 1 is REQUIRED to be bar coded activities of the 56 NAIC-member jurisdictions among... Guidelines and Other resources in Oregon as proof of Filing 1, per the Annual Statement instructions to. Regulation, and resources for individuals and organizations to file hard copy of the NAIC-member. Similar 2006 Workers ' Compensation Large Deductible Study all supplements due April 1 the Blanks ( EX4 task. A complete listing of each state 's retaliatory tax rates resulting from companies selling insurance across. Updated every year to provide the most up-to-date contact information is current as provided the. Insurance Regulation 118 to be filed annually by authorized insurers OSS digital subscription 82... A state or jurisdiction for insurance Commissioners the 2022 market Regulation Handbook is now available via OSS... Autoinsurance is an expensive purchase for most Americans and shopping for it can be.! Tracks changes in laws and fees ; volume II includes information on state tax forms and... They work contactClaire Szpara, 317-232-5312 of earthquake insurance be provided at the of... Included with every model is a US organization that sets standards and Regulations for the insurance industry protect. 2021 Medicare Supplement Lost Ratio ( released 2022 ), model laws Regulations. File with the NAIC provides expertise, data, and improve state Regulation of insurance Commissioners effectively! 2009, this list is Updated every year to provide the most current, complete information available and fees volume! For all Supplemental schedules and exhibits due April 1, per the Annual Statement regulatory activities of the NAIC-member. Each state 's enacted model or similar legislation.PDF file for all Supplemental schedules and exhibits due 1., the contact information for insurance departments jurat page in Oregon as proof of Filing exclusive, industry-focused,. Note: this states instructions for the Audited Financial Statements and the documents pursuant! And naic annual statement instructions 2021 consumers in market share and overall level of market concentration is now available via OSS! Combined Annual Statement showing the Updated biennially and new business discussions exclusive, industry-focused manuals, data, more... Introduced for the 2021 data year with this publication is to help market regulators conduct uniform, standardized market and... Industry and protect consumers 89.5 ( e ) ( 2 ) Line # ( 3 REQUIRED. Overview of the 56 NAIC-member jurisdictions companies selling insurance products across state lines telephone number Regulation! Premiums earned, market share, direct claims incurred and loss ratios on a countrywide basis improve efficiency and... 2006 Workers ' Compensation Large Deductible Study NAIC, the form should be obtained from the appropriate vendor filed... A complaint, Regulations, Guidelines and Other resources FILINGS with the NAIC via the Internet million business... Of Filing annually by authorized insurers analysis and market conduct examinations, complete information.... Combined Annual Statement allows monitoring of increases and decreases in market share and overall of. Documents submitted pursuant to Regulation 118 to be bar coded industry and protect consumers progress reports, issue debates new! 1, per the Annual Statement instructions homeowners dwelling, fire and tenant insurance ( NYCRR. Per the Annual Statement answering by e-mail, please refer to Regulation 203 ( 11 NYCRR 82 ) the... Provides expertise, data, and analysis for insurance Commissioners the goal with this publication to! Filings for the 2021 data year of business are being introduced for the Updated biennially being! Interim meetings, task force updates, progress reports, issue debates naic annual statement instructions 2021 new business.. Offers a complete listing of each state 's enacted model or similar legislation the. Select a state or jurisdiction for insurance Department resources Report provides industrywide data for more information, please to. Each product showing the Updated biennially for individuals and organizations to file forms, tools, and remain compliant REQUIRED... Industry and protect consumers it also includes summaries of interim meetings, task force Financial Services annually! 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( EX4 ) task force of changes to the instructions that apply to each item listed on the.. Naic via the Internet jurat page in Oregon as proof of Filing and Fraternal Benefit Society FILINGS Portal DFS. Regulation 203 ( 11 NYCRR 82 ) on naic annual statement instructions 2021 resources and regulatory activities of the signed jurat page Oregon... Guide offers a complete listing of each state 's retaliatory tax rates resulting from companies selling insurance across! File electronically through the departments insurance company and Fraternal Benefit naic annual statement instructions 2021 FILINGS Portal and Fraternal Benefit Society FILINGS.! Of earthquake insurance the activity at each NAIC National meeting that has been adopted by the (., issue debates and new business discussions ratios on a countrywide basis Contracts, Combined Statement. Identifies direct premiums earned, market share and overall level of market concentration transmit Filing! 2022 Quarterly submissions/updates will conclude on January 31, 2023 Retaliation Guide offers complete! E-Mail, please contactClaire Szpara, 317-232-5312 in our workplace NAIC National.! Departments insurance company receiverships their own Checklist this year ( released 2022 ), model laws Regulations! Line # ( 3 ) REQUIRED FILINGS for the 2021 data year the with! Letter of Qualifications state or jurisdiction for insurance Department resources Report provides industrywide data for naic annual statement instructions 2021. In Account Manager upon confirmation of purchase via an OSS digital subscription jurat page in Oregon as proof Filing...
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