Please note that Protected Cell Blank is now available at no cost, located with free downloads. One State Street Updated annually. The Manual includes all statutory accounting guidance that has been adopted by the NAIC as of March. To be used with its companion products, this publication provides the appropriate format for filing annual statement data with the states and the NAIC. This handbook is not intended to constitute a comprehensive company licensing procedures manual. NYS Corporation Tax This page is available in other languages. The Blanks (E) Task Force modified the 1999 Annual Statement Instructions to waive paper filings of certain NAIC supplements and certain investment schedule detail, if such investment schedule data is available to the states via the NAIC database. If N/A appears in this column, the filing is required with the domiciliary state. 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. Please Note: This states instructions for companies to file with the NAIC are included in this Checklist. 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 The National Association of Investment Companies (NAIC) is a Washington DC-based trade association and the largest network of diverse-owned alternative investment firms. Copyright 2016. This handbook is updated annually. Recently published in 2021. This handbook is based on the Producer Licensing Model Act (MDL-218), the Uniform Resident Licensing Standards and other guidelines. 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. Browse our timeline to learn how we support insurance regulators in their mission to protect consumers and ensure fair and healthy insurance markets. The FAS Supplemental Health Care Exhibit and LTC Reporting Forms 1 through 5 filing deadline is April 1. Updated biennially. 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. If having difficulty accessing the above materials, please contactClaire Szpara, 317-232-5312. Puerto Rico is now a participating MCAS jurisdiction. IDOI no longer Insurance Company and Fraternal Benefit Society Filings Portal. Access to Related Charts: State Laws on Insurance Topics will be available via a link in Account Manager. Membership lists, services and education to serve you and your mission. The checklists reflect this action taken by the Blanks (EX4) Task Force. The Supplemental Electronic Filing includes all supplements due April 1, per the Annual Statement Instructions. The It also includes summaries of interim meetings, task force updates, progress reports, issue debates and new business discussions. Credit Life and Credit Accident and Health Insurance Experience Report. Having a problem with an insurance company or agent? The issues brought forth in this publication may also be useful when considering the purchase of other disease-specific insurance policies. 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. 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. For those considering the purchase of long-term care insurance, buyers' guidelines are incorporated in a consumer-friendly, easy-to-read format. 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. 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. 2021 Annual Statement Health Instructions Naic 2021 Annual Statement Health Instructions Close An edition of 2021 Annual Statement Health Instructions(2021) Thisguidebriefly discuses key questions regarding cancer insurance and advises on the variation in cost and coverage of policies sold. 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. Includes quantitative and qualitative procedures. Explore future meetings and access past event documents. A password-protected Web site allows access to updates to the Manual prior to the next publication. 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. This product provides access to every NAIC model law, regulation, and guideline currently published. 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. 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. Form 4 tracks life insurance and annuity products that have long-term care benefits provided by acceleration of certain benefits within these products. The Bank List meets credit standards specified for a variety of NAIC-approved purposes. For the 2020 data year, MCAS data is collected for the following lines of business: TheMarket Analysis Procedures (D) Working Group(MAPWG)is responsible for identifying new MCAS lines of business and promoting uniform analysis by applying consistent measurements and comparisons of MCAS data provided by companies. The company should carefully read these notes before submitting a filing. Participation in the Database provides essential data for the Insurance Regulatory Information System (IRIS) Financial Ratio Reports, risk-based capital analysis, and other solvency-related reviews of individual companies, including reporting compliance and financial analysis. If you know you have relevant business to report, it must be reported whether or not you see a RTF indicator. 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 National Association of Insurance Commissioners (NAIC) is a US organization that sets standards and regulations for the insurance industry. 2022 Financial Condition Examiners Handbook online subscription service, Guide to Compliance with State Audit Requirements (Annual Financial Reporting Model Regulation #205). Send the signed jurat page to: Shannon OShea, Tax Analyst Financial Regulation Section Division of Financial Regulation Mailing address: Contact us today atidp@naic.orgfor a quote! Select a state or jurisdiction for insurance department contact information. of Taxation (copy to Explore recent publications, the latest news articles, new federal and legislative news, and model laws to help inform your approach. (2) ERISA, a federal statute that establishes a comprehensive regulatory framework for employee pension benefit plans, preempts most state laws. 2021 Medicare Supplement Lost Ratio (released 2022), Model Laws, Regulations, Guidelines and Other Resources. 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. Health Annual Statement Instructions. Indicates the number of copies that each foreign or domestic company is required to file for each type of form. Updated annually. Have a question or request? Insurance Regulatory Information Systems (IRIS) Ratios Manual. Access to every published model law, regulation, and guideline. The guide includes an overview of long-term care insurance, as well as payment and purchasing options, worksheets, shopping tips and the various policy and benefit plans available. Access technology tools and resources for U.S. insurance regulators. All 2021 Annual and 2022 Quarterly submissions/updates will conclude on January 31, 2023. The filings should be submitted electronically to the NAIC. Updated annually. Updated annually. 2023 Annual Statement Instructions Revisions. 2020 National Association of Insurance Commissioners 1 Life . 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. Includes a complete listing of state insurance departments. The 2023 NAIC committee leadership assignments are as follows. The Bank List publication is no longer produced, and was last published in August 2017. WebInstructions. RRGs do not have to file hard copy filings with the Department. File electronically through the Departments Cybersecurity Portal. The XXX in this column might signify that the state has waived the paper filing of the annual statement and all supplements. Some states have chosen to waive printed quarterly and annual statements from their foreign insurers and to rely upon the NAIC database for these filings. 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. The annual/quarterly statement filings will need to be uploaded via the Company Document Submission Portal. 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. This publication includes important information about other taxes and assessments, exclusions and deductions, credits, payment due dates, penalties, extensions, fees and deposits. National Association of Insurance Commissioners Web Services Registry. Our three-year blueprint for the future shows the way toward building on existing strengths. Companies that file with the NAIC via the Internet are not required to submit diskettes to the NAIC. New York State Department Financial Services NOTE: Annual Statement Blanks are produced and sold separately from Quarterly Statement Blanks. Exclusive, industry-focused manuals, data, and more. 12/31/2021 . Updated annually. The 2016 Workers' Compensation Large Deductible Study provides regulators, workers' compensation insurers and employers with valuable information about the appropriate use of large deductibles. Albany, NY 12257. E-mail: [emailprotected] Please note: This summary does not represent all examination standards, methodologies and areas of review that could be utilized by an insurance department. QSBH-OSS-2023, QSBP-OSS-2023, QSBL-OSS-2023, QSBT-OSS-2023. Find contact information for insurance departments and local insurance agents, or file a complaint. ***The Corporate Governance Annual Disclosure is required to be filed annually by authorized insurers. Reporting, Notification of Adverse Financial Condition, Relief from the five-year rotation requirement for 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 The NAIC provides expertise, data, and analysis for insurance commissioners to effectively regulate the insurance industry and protect consumers. 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 New York State Department of Financial Services Arranged and organized by chapter and area of examination, regulated entities might find this summary useful in creating an outline for internal review templates. 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. Published following each National Meeting. 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