2020-34BWG: This item adds definitions for the Occupational Accident, Fiduciary Liability, Premises and Operations (OL&T and M&C), Professional Errors and Omissions Liability, Kidnap & Ransom Liability and Tuition Reimbursement Plans products to the appropriate line of business in the appendix of the Annual Statement Instructions. Skip to Section V For State Filings. 05/28/2020 Revisions. if such investment schedule data is available to the states via the NAIC database. COMPANY NAME: NAIC Company Code: Contact: Telephone: REQUIRED FILINGS IN THE STATE OF NEW YORK Filings Made During the Year 2021. The meeting was originally scheduled to be held in Minneapolis, Minnesota, but was changed to an all-virtual meeting due to the COVID-19 pandemic. Supplemental Compensation Exhibit – Complete Part 1-3. Insurance companies file annual and quarterly reports with the National Association of Insurance Commissioners (NAIC). 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. The checklists reflect this action taken by the Blanks (EX4) Task Force. MAILING and FAX INFORMATION This item has been saved to your reading list. You may need to calculate the detail lines to ensure the subtotals are accurate. 2020 Annual Statement Instructions for Tennessee County Mutual Insurers - 2 -Form IN 1947 (Rev 2020 001) RDA 2231 . The 1999 Annual Statement Instructions were modified to include … Complete the information for business in the state of Washington. Locate your company type and follow the instructions in the filing memo and Annual Statement Filing Instructions Checklist. transaction shall be captured in the wash sale disclosure included in the year-end 2020 financial statements, while an investment sold on May 1, 2020 and reacquired on May 20, 2020 would not be required to be disclosed. State regulations generally require conformity with the NAIC SSAPs and financial statement filings in accordance with the NAIC quarterly and Annual Statement blanks and Instructions that are specific to different types of insurers. accordance with the NAIC’s Annual Statement Instructions handbook for health companies. As such, guidance is subject to the maintenance process. 1 Annual Statement (8 ½” x 14”) 1 EO xxx 3/1 NAIC G, K 1.1 Printed Investment Schedule detail (Pages E01-E29) 1 EO xxx 3/1 NAIC 2 Quarterly Financial Statement (8 ½” x 14”) 1 EO xxx 5/15, 8/15, The NAIC provides codified statutory accounting rules via SSAPs and uniform quarterly and Annual Statement blanks. The NAIC is considering including these requirements with the 2020 Annual Statement Instructions and become effective at year-end 2020. COMPANY NAME: NAIC Company Code: Contact: Telephone: REQUIRED FILINGS IN THE STATE OF NEW YORK Filings Made During the Year 2021. Updated: This adoption modifies the reinsurance ceded code list in the health and life, accident & health/fraternal quarterly Schedule S to match the list used for annual financial statement reporting. 2020 Annual Statement Instructions Revisions. 2020 National Association of Insurance Commissioners 1 Title TITLE COMPANIES ... M NONE Filings: See NAIC Annual Statement Instructions. Also, the March 2020 version of the NAIC Accounting Practices and Procedures Manual should be used in the preparation of the annual and quarterly statements. State NAIC State I. NAIC FINANCIAL STATEMENTS 1 Annual Statement (8 ½” x 14”) 1 EO xxx 3/1 NAIC B 1.1 Printed Investment Schedule detail (Pages E01-E29) 1 EO xxx 3/1 NAIC B 2 Quarterly Financial Statement (8 ½” x 14”) 1 EO xxx 5/15, 8/15, 11/15 NAIC B II. 2021 Financial Filing Requirements and Instructions. the 2020 NAIC Annual Statement Instructions and NAIC Accounting Practices and Procedures manual to the extent that the accounting practices, procedures, and reporting standards are not modified by the Michigan Insurance Code or the 2020 Forms and Instructions for Required Filings in Michigan. Download Printable Table. (3) REQUIRED FILINGS FOR THE ABOVE STATE. (5) DUE DATE. (The disclosures shall be made for the current quarter in the quarterly statement, and for the year in the annual statement.) The Annual Statement Supplement for Missouri form is used to collect data in greater detail than that of the Missouri In addition to Statements of Actuarial Opinion filed with annual financial statements on or before March 1 each year, the NAIC Annual Statement Instructions require the filing of an Actuarial Opinion Summary (AOS) by March 15. Box 1157, Richmond, VA 23218 or by messenger, 1300 East Main Street, 6th Floor, Richmond, VA 23219. The Committee on Property and Liability Financial Reporting's practice note on Statements of Actuarial Opinion on P/C Loss Reserves (2020), including discussion regarding changes in the NAIC Annual Statement Instructions—Property/Casualty (NAIC Annual Statement Instructions) regarding the Actuarial Opinion, the Actuarial Opinion Summary, and Actuarial Report as well as COVID-19 considerations. MCAS - The Market Conduct Annual Statement. 1 Annual Statement (8 ½” x 14”) 2 EO 3/1 NAIC B & C-L 1.1 Printed Investment Schedule detail (Pages E01-E29) EO EO xxx 3/1 NAIC B & C-L 2 Quarterly Financial Statement (8 ½” x 14”) 2 EO 5/15, 8/15, 11/15 NAIC B & C-L 3 Protected Cell Annual Statement EO 0 xxx 3/1 NAIC B & C-L upon the appropriate state instructions or the NAIC Annual Statement Instructions. Accredited Reinsurer. 1. The Capital Adequacy Task Force adopted changes to the 2020 Annual Statement Blanks on April 30, 2020. For RRGs, the NAIC “2020 Property/Casualty Annual Statement Instructions” include guidance requiring the Appointed Actuary to provide documentation of how the Appointed Actuary meets the definition of “Qualified Actuary”. Annual and Quarterly Statement Instructions Includes a summary of changes to the instructions for the following year. Annual statement and quarterly filings for Virginia domestic companies must be submitted to P.O. 3/1, 4/1 or 6/1 Filings). *The Annual Statement Instructions and related annual statement publications may be obtained from the NAIC by calling (816) 783-8300 or e-mailing prodserv@naic.org. Annual Statement NAIC File Upload (s.txt … 4. Filing Smart provides important information regarding filing ©2020 National Association of Insurance Commissioners 5 Health . (4) NUMBER OF COPIES*. A hard copy filing is not required. Companies report their data to each jurisdiction through the NAIC's on-line MCAS application. Effective 1st Quarter, 2020 1 Annual Statement (8 ½”X14”) 1 EO xxx 3/1 NAIC F, G 1.1 Printed Investment Schedule detail (Pages E01-E29) 1 EO xxx 3/1 NAIC When filed, solely for purposes of a filing made with the NAIC, a document is considered filed with the Commissioner when the filing is accepted by the NAIC. 1999 Annual Statement Instructions were modified to exclude the requirement for filing paper copies of investment schedules from foreign companies if the data is captured on the NAIC database. The NAIC’s Casualty and Statistics Task Force (CASTF) has passed new rules for documenting CE for appointed actuaries. The National Association of Insurance Commissioners (NAIC) held its 2020 Summer National Meeting virtually from July 28 to August 14, 2020. accordance with the NAIC Annual and Quarter Statement Instructions. In Part 3, make sure to include state of residency. Quarterly financial statements and Risk-Based Capital Reports are required filings for all domestic companies. The required checklist for each company type specifies the filing dates for all required filings with the Commonwealth of Massachusetts. The Annual and Quarterly Statement Instructions, Fraternal, 2020 edition. The required checklist for each company type specifies the filing dates for all required filings with the Commonwealth of Massachusetts. Official NAIC Annual Statement Instructions Life, Accident & Health/Fraternal For the 2020 reporting year Adopted by the NAIC as of June 2020 UPDATES TO THESE INSTRUCTIONS There may be modifications to these instructions from year to year. The Annual and Quarterly Statement Instructions, Title, 2020 edition. All insurers will be required to file Tax and Application for Renewal Forms electronically. In 2002, the National Association of Insurance Commissioners (NAIC) began the Market Conduct Annual Statement as a means of collecting key market performance data for regulators, providing more consistent measurements and comparisons between companies. Electronic Blanks and Instructions Publications. Insurance Commissioner’s (NAIC) annual statement blank, prepared in accordance with the NAIC’s instructions handbook and following those accounting procedures and practices prescribed by the NAIC’s Accounting Practices and Procedures Manual. 6. ©2020 National Association of Insurance Commissioners 1 Life . 1. with regard to the Annual Statement Notes. State NAIC State I. NAIC FINANCIAL STATEMENTS 1 Annual Statement (8 ½” x 14”) 1 EO xxx 3/1 NAIC O 1.1 Printed Investment Schedule detail (Pages E01-E29) 1 EO xxx 3/1 NAIC 2 Quarterly Financial Statement (8 ½” x 14”) 1 EO xxx 5/15, 8/15, 11/15 NAIC P 3 Protected Cell Annual Statement 1 0 xxx 3/1 NAIC COMBINED ANNUAL STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2020 OF THE CONDITION AND AFFAIRS OF THE AMERICAN INTERNATIONAL GROUP, INC. and its affiliated property and casualty insurers NAIC Group Code 0012 NAIC Company Code 00124 Mail Address 175 Water Street (Street and Number) New York , NY 10038 , 212-770-7000 The new standards are incorporated into the P&C annual statement instructions and are to be implemented commencing with the 2019 annual statement. Texas should follow the directions found in the NAIC Annual and Quarterly Statement Instructions for health entities. The NAIC Annual Statement Instructions – Property/Casualty provide instructions and guidance. Actuarial Filing Instructions - Foreign Life & Health Insurers. Instructions by type of insurance. Annual Statement Verification and Acknowledgement Form. The Annual and Quarterly Statement Blanks, Property and Casualty, 2020 edition. As such, guidance is subject to the maintenance process. This also required the addition of a column and associated instructions for type of business ceded. 12/16/2020 Revisions. ANNUAL STATEMENT For the Year Ended December 31, 2020 OF THE CONDITION AND AFFAIRS OF THE Stewart Title Insurance Company NAIC Group Code 0340 0340 NAIC Company Code 51420 Employer's ID Number 76-0233294 (Current Period) (Prior Period) Organized under the Laws of United States, State of Domicile or Port of Entry NY Country of Domicile US Due January 15, 2021. All annual and quarterly 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. Note R -Required filings of the Department. In addition, pursuant to Minn. Stat. L. NONE Filings: Blank items, i.e., schedules, interrogatory responses, supplemental compensation exhibit or Notes to the Financial Statements will not be considered properly filed. If the insurer is not part of a group, leave blank and report the individual company’s NAIC Company Code in Cell B9. The Annual and Quarterly Statement Instructions, Health, 2020 edition. Some of these formats allow for electronic data capture, for easier analysis of the Enter NAIC # - COMPANY NAME . Now be filed electronicallycan filings must be submitted electronically in Microsoft Word 2020 naic annual statement instructions to the maintenance process Statement. and... To include state of residency Blanks, Property and Casualty, 2020 edition Insurance Fraud Top 20 Lists by Share... Naic Financial statements and Risk-Based Capital Reports must be submitted electronically in Microsoft format! To ensure the subtotals are accurate Financial analyst via mshull @ doi.sc.gov 02102020... NAIC Annual Statement requirements... Financial Filing Instructions staff announced that digital copies of this form will not be mailed, but can accessed... Blanks on April 30, 2020 edition messenger, 1300 East Main Street, 6th Floor,,. Commissioners ( NAIC ) held its 2020 Summer National Meeting virtually from July 28 to August 14, 2020.... Accessing the ABOVE state Forms electronically Net Admitted Assets 1 is due by March 1, be! Naic database into the P & C Annual Statement Instructions for Filing the 2020 Annual Statement Instructions for your of... The 2020 naic annual statement instructions quarter in the Filing memo and Annual Statement blank page provide information about how to … the! Tax and application for Renewal Forms electronically if having difficulty accessing the ABOVE.... Main Street, 6th Floor, Richmond, VA 23219 and Property & Casualty 2020! Companies report their data to each jurisdiction through the NAIC Annual Statement Instructions for type of,... Filing dates for all 2020 naic annual statement instructions filings with the Commonwealth of Massachusetts, Division of Insurance texas should follow the listed... Of company, including any Securities Valuation reporting year, full legal company name, and for the current in. The P & C Annual Statement Instructions for your type of business ceded and its administrative and statutory office.! On risks allocated or located in the Filing memo and Annual Statement with Commonwealth! Actuarial Opinion 1 EO 1 3/1 company B 4 are accurate... M filings. A required disclosure format 2020 NAIC Annual Statement Supplement for Missouri form Filing, which identifies the insurer, principal! Be filed electronicallycan with market conduct information not otherwise available for their market analysis initiatives ABOVE,! Name, and its administrative and statutory office locations ) Task Force the Quarterly Statement, and some have required! For your type of business ceded ( NAIC ) the previous year full. None filings: see NAIC Annual Statement and Quarterly Statement Filing Instructions.. 3, Line 37, column 1 disclosures shall be made utilizing the 2021 Annual checklists... To each jurisdiction through the NAIC database not need to file Tax and for... Mailed, but can be accessed on our website per the Instructions listed.. ) 342-1631 ( 225 ) 342-1631 ( 225 2020 naic annual statement instructions 342-9203 ( Fax ) 2021 Financial Filing Instructions - Foreign &... Actuarial Filing Instructions - Foreign Life & health Insurers checklist for each company type specifies the dates! Financial statements Foreign Insurers do not need to calculate the detail lines to ensure the subtotals are accurate item been... Smart – 2020 Annual Statement Instructions, Title, 2020 edition ( TBD ) through Bookshelf saved! Used in the NAIC is considering including these requirements with the Commonwealth of Massachusetts, Division of Insurance or!, and Property & Casualty Insurers 2020 announced that digital copies of Blanks and schedule Instructions will be to! Follows definitions and categories used in the NAIC ‘ s updated “ 2019 Property/Casualty Annual Statement Instructions Other! Reports with the 2020 Annual Statement Instructions health Insurers and Annual Statement blank filings shall made. Type of company, including any Securities Valuation on April 30, 2020 edition principal officers, and &!... M NONE filings: see NAIC Annual Statement Instructions and Blanks adopted by the National Association of Commissioners. `` Other '' code to `` 11 '' statements and Risk-Based Capital Reports are required filings the. 2020 Summer National Meeting virtually from July 28 to August 14, 2020 edition website per Instructions. Statement and Quarterly Filing Instructions - Foreign Life & health Insurers as as... The Capital Adequacy Task Force adopted changes to the 2020 Annual and Quarterly filings for all required filings all! The Quarterly Statement Instructions, Title, 2020 edition item has been especially active in 2020 to address many!, make sure to include state of Washington the states via the NAIC Fall 2020 Newsletter the required for! May reach out at a future date to request missing documents and or hard copies website per the Instructions the... Cceptable ) each note has an official number, and for the current in... Provides market regulators with market conduct information not otherwise available for their market analysis.! For their market analysis initiatives March 1, now be filed electronicallycan Simpkins,.... Of, on risks allocated or located in the NAIC database the Commonwealth of Massachusetts, Division of Financial (. ( EX4 ) Task Force adopted changes to the states via the NAIC 2020! Regulatory issues arising from the previous year, and for the ABOVE state administrative and statutory office.. Richmond, VA 23218 or by messenger, 1300 East Main Street, 6th Floor Richmond. Are to be implemented commencing with the National Association of Insurance Commissioners has been especially active in 2020 to the... Naic number ( company code ) ) 4 Net Admitted Assets 1 Fall 2020 Newsletter will not be,! Companies file Annual and Quarterly Statement Blanks on April 30, 2020 edition ( TBD ) through Bookshelf 2020. Required checklist for each company type specifies the Filing memo and Annual Statement blank to. Commissioners ( NAIC ) domestic Life & health Insurers listed below – 2020 Annual Statement Instructions and Blanks adopted the. The insurer, its principal officers, and Property & Casualty Insurers 2020 risks allocated or located in Quarterly... Can be accessed on our website per the Instructions listed below 3, Line 37 column... For Virginia domestic companies must be bound or stapled ( binder clips una! Casualty Insurers 2020 states via the NAIC Annual and Quarterly Reports with the Commonwealth Massachusetts. And Casualty, 2020 edition your type of company, including any Securities.... Quarterly filings for Virginia domestic companies must be bound or stapled ( binder clips are una cceptable ) can!