You may be requested to update your contact information twice when you log in. New York State Department Financial Services A listing of mutual funds that meet conditions in the Purposes and Procedures Manual of the NAIC, qualifying them for more favorable reserve treatment. Section 89.5(e)(2) of DFS Insurance Regulation 118. View actions considered by committees, task forces, and subgroups, as well as charges, schedules, and staff links. (212) 709-1562, Actuarial Opinion Summary should be sent electronically via e-mail to:[emailprotected], CD (See Note N): Purposes and Procedures Manual of the NAIC Investment Analysis Office. New York, NY 10004. Departments prior instructions. Puerto Rico is now a participating MCAS jurisdiction. Updated annually. Access forms and tools to file expense reports, review Grant and Zone Scholarship balances, and access NAIC travel guidelines. Annuity contracts are therefore included within the term life insurance contracts unless specifically indicated otherwise in this Valuation Manual. No revisions have been made as of this date. 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. 2023 Annual Statement Instructions Revisions. The Supplemental .PDF Filing is the .pdf file for all supplemental schedules and exhibits due April 1. Financial Internet Filing Online User's Guide, For questions about statement filing: The NAIC will ship a binder to new subscribers. Diskettes should be labeled. 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. Published semiannually. Arranged and organized by chapter and area of examination, regulated entities might find this summary useful in creating an outline for internal review templates. While focusing on deferred annuity contracts, the publication covers the annuity purchasing process from start to finish and includes questions customers should ask their agent or company along the way. ****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. This includes all detail investment You need not file reports marked "None". The Annual Statement Electronic Filing includes the annual statement data and all supplements due March 1, per the Annual Statement Instructions. It is the responsibility NOTE: Annual Statement Blanks are produced and sold separately from Quarterly Statement Blanks. Stop.Call.Confirm is a registered service markof the National Association of Insurance Commissioners. 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. 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. Updated annually. Representatives from diverse groups who provide varied perspectives on insurance regulatory issues. One State Street The Corporate Governance Annual Disclosure is a state filing only and should not be submitted by the company to the NAIC. Designed to serve as a compilation of the market conduct examination standards found in Chapters 20 - 32 of the Market Regulation Handbook. Property Bureau 6th Floor The 2016 Workers' Compensation Large Deductible Study provides regulators, workers' compensation insurers and employers with valuable information about the appropriate use of large deductibles. 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. 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. Line # refers to a standard filing number used for easy reference. 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. 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 For more information, please refer to Regulation 215 (11 NYCRR 90). Webfirm), is expected to provide the form based upon the appropriate state instructions or the NAIC Annual Statement Instructions. (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. 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). This report contains the latest available data drawn from Medicare Supplement Insurance Expense Exhibits filed with the NAIC. This publication simplifies the purchasing process and offers practical guidelines that can help lower the cost of coverage while increasing the value received. Updated annually. Includes a summary of changes to the instructions for the annual statement. Modifications to the handbook will be uploaded to the OSS platform as they become available following each interim and national meeting of the Market Regulation and Consumer Affairs (D) Committee. The Valuation Manual sets forth the minimum reserve and related requirements for jurisdictions where the Standard Valuation Law, as amended by the National Association of Insurance Commissioners (NAIC) in 2009, or legislation including substantially similar terms and provisions has been enacted by jurisdictions, and this Valuation Manual (VM) is operative. All 2021 Annual and 2022 Quarterly submissions/updates will conclude on January 31, 2023. The Accident & Health reports contain the top 125 groups by state and countrywide for total A&H premiums written. Revision:. Audit, Managements Report of Internal Control Over Financial The Retaliation Guide offers a complete listing of each state's retaliatory tax rates resulting from companies selling insurance products across state lines. 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 Column (7) Applicable Notes This column contains references to the Notes to the Instructions that apply to each item listed on the checklist. If the domestic or foreign nonlife insurance company files Form 1120-PC electronically, do not attach the annual statement or pro forma annual statement to the electronically filed return. Developments and trends in financial markets and insurer investments. Professional development for state insurance regulators and industry professionals. Company Licensing Best Practices Handbook. Access forms, tools, and resources for individuals and organizations to file forms, improve efficiency, and remain compliant. Visit our Library to access archived publications. Contains the NAIC's credit assessment methodologies and valuation policies, and takes precedence over other publications covering a number of categories. Research and analysis on important insurance issues. To follow the Market Conduct Annual Statement Blanks (D) Working Group and their discussions related to the content of MCAS lines of business, visit their webpage:/cmte_d_mcaswg.htm. You still MUST file an MCAS regarding your hybrid-LTC business regardless of whether you have a RTF indicator on your filing matrix. IRIS Ratios Manual is also part of the Financial Analysis Solvency Tools (FAST). It also includes summaries of interim meetings, task force updates, progress reports, issue debates and new business discussions. If the due date falls on a weekend or a legal holiday, then the filing must be received by the Department by the end of the next business day. Included with every model is a state action page that cites each state's enacted model or similar legislation. 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. The National Association of Insurance Commissioners serves to protect public interest, promote competitive markets, and improve state regulation of insurance. Recommendations are aimed at adding uniformity and consistency to regulatory processes, while being responsive to state-specific needs. 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. An easy reference for identifying top writers by premium volume. The Annual Statement Electronic Filing includes the annual statement data and all supplements due March 1, per the Annual Statement Instructions. Delivers basic information toguideconsumers through the assessment, selection and purchase of home insurance. Contains the latest available year of data. 2022 December Detailed Listings of Companies. 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. It is intended to serve as a resource to insurers, third party administrators, professional employer organizations, guaranty associations and regulators showing how large deductible policies work and special issues that can arise with their use. Have a question or request? WebThe Largest Network of Diverse-Owned Private Equity Firms and Hedge Funds. Updated annually. not be submitted by the company to the NAIC. Property Bureau 4th Floor Volume I tracks changes in laws and fees; Volume II includes information on state tax forms. Directory of Receivership and Run-off Resources. All RRGs are required to submit the filings identified in items 1, 1.1, 2, 12, 31 and 82. This publication is Updated quarterly. 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. A summaryof these changes can be found in the Summary of 2021 Changesdocument. Designed to educate consumers about the need to consider purchasing earthquake insurance. fileslib. NAIC - Supporting Insurance, Regulators, & Public Interest 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. Also includes information on smart shopping strategies and steps to take in protecting homes. The National Association of Insurance Commissioners (NAIC) is a US organization that sets standards and regulations for the insurance industry. Learn more about the Robert Dineen award. It identifies direct premiums earned, market share, direct claims incurred and loss ratios on a countrywide basis. This serves to assist in preventing insolvencies for which liability is imposed on insurers under state guaranty fund laws. Its use will help insurance regulators provide speed-to-market for insurers, while continuing to maintain a high level of protection for consumers. 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 WebLIFE, ACCIDENT AND HEALTH/FRATERNAL INSURERS COMPANY NAME: NAIC Company Code: Contact: Telephone: REQUIRED FILINGS IN THE STATE OF:IllinoisFilings Made During the Year 2021 Page 3 of 6 (1) Check- list (2) Line # (3) REQUIRED FILINGS FOR THE ABOVE STATE (4) NUMBER OF COPIES* (5) DUE DATE (6) APPLICABLE New York, NY 10004. The Bank List meets credit standards specified for a variety of NAIC-approved purposes. 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. Updated annually. Exclusive, industry-focused manuals, data, and more. ***The Corporate Governance Annual Disclosure is required to be filed annually by authorized insurers. Supplement, Supplemental Investment Risk Interrogatories, Supplemental Schedule for Reinsurance Counterparty For more information, please access :https://content.naic.org/state_licensing_handbook.htm, States' Prescribed Differences from NAIC Statutory Accounting Principles. Reports available since 1990. Thisguidebriefly discuses key questions regarding cancer insurance and advises on the variation in cost and coverage of policies sold. This publication includes important information about other taxes and assessments, exclusions and deductions, credits, payment due dates, penalties, extensions, fees and deposits. The Risk-Based Capital Electronic Filing includes all risk-based capital data. Requirements in the Valuation Manual are applicable to life insurance, accident and health insurance, and deposit-type contracts. Online Subscription Developments and trends in financial markets and insurer investments. Access forms and tools to file expense reports, review Grant and Zone Scholarship balances, and access NAIC travel guidelines. We're here to help. The Supplemental Health Care Exhibit Report is based off the new Supplemental Health Care Exhibit, which was created as a tool to comply with new federal legislation. 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. What do documents on this Web page tell me? Local calls can be made to (212) 480-6400 or (518) 474-6600. It is extremely important that all filings are accurate, complete, and timely. Note: The New York Supplement (Items # 101, 102 and 105(a)) are not required filings for Foreign RRGs. Offers valuable and in-demand information on health insurance. 2022 Financial Condition Examiners Handbook online subscription service, Guide to Compliance with State Audit Requirements (Annual Financial Reporting Model Regulation #205). Our three-year blueprint for the future shows the way toward building on existing strengths. Includes references to NAIC product filing tools and instructions. Some companies have multiple NAIC numbers say, one number for each subsidiary organization or different numbers for Regulatory Review of Predictive Models White Paper. Should the domiciliary state set forth accounting guidance that differs from the AP&P Manual, disclosures of such must be made. General Bar Coding instructions and a full listing of New York required bar coded forms are included on the web site. The June .PDF Filing is the .pdf file for the Audited Financial Statements and Accountants Letter of Qualifications. As of August 2019, the contact information is current as provided to the NAIC by the state insurance departments. 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. 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. Instructions concerning internet filing alternative to filing a CD with New York for the New York Supplement are set forth in Circular Letter No. The NAIC provides expertise, data, and analysis for insurance commissioners to effectively regulate the insurance industry and protect consumers. Access public conference call documents and information. 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. This publication combines information from the Market Conduct Examiners Handbook and the Market Analysis Handbook into one comprehensive source of reference material from the continuum of regulatory responses to potential market concerns. 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. 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. New York, NY 10004 This line number may change from year to year. 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. The handbook attempts to explain the various approaches that the states have taken in dealing with these issues. 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. The NAIC provides expertise, data, and analysis for insurance commissioners to effectively regulate the insurance industry and protect consumers. Access technology tools and resources for U.S. insurance regulators. Instructions provide guidance for completing the various pages of the statements when the line descriptions are not self-explanatory. To be used with its companion products, this publication provides the appropriate format for filing annual statement data with the states and the NAIC. The Combined Annual Statement Electronic Filing includes the required pages of the combined annual statement and the combined Insurance Expense Exhibit. 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. Updated bi-annually. For existing subscribers, please utilize 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 One State Street Having a problem with an insurance company or agent? Appropriate notarization required on the actual document. Mr. Gilbert Denton, Senior Insurance Examiner Representatives from diverse groups who provide varied perspectives on insurance regulatory issues. 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. Copyright 1991. Note: For Amended New York Supplement filings, the entire electronic filing is required. When answering by e-mail, please include telephone number. The Supplement must be bound at the left side in sequential order and it must have a "COVER" page that indicates New York Supplement to the Annual Statement, the FULL Company Name and the Year. 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.
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