Description

Updated: This adoption adds a new Column 5 to the annual and quarterly health blank for Schedule T with instructions to specifically capture the Children’s Health Insurance Premium (“CHIP”). Existing columns after the new column 5 will be renumbered. This change will assist regulators in identifying CHIPs/SCHIPs plan premiums associated with the Federal/State partnership created by Title XXI of the Social Security Act as it relates to guaranty fund assessments.

Effective 1st Quarter, 2021

References:  2020-25BWG

Updated: This adoption coincides with the SAPWG adoption of AP&P Ref #2019-38 with revisions to SSAP No. 86 – Derivatives and adds a new Column 5 to Schedule DB, Part D, Section 1 and renumbers the remaining columns. Instructions will be added for the new Column 5, a column reference will be added to Column 7, and other column references to crosschecks will be adjusted. Column references to this Schedule will also be updated on the Asset and Liability Pages and the Schedule DB Verification within the Annual Statement Instructions.

In addition, instruction language will be modified for Note 8.A(8) – Premium Cost for Derivative Contracts.

Effective 1st Quarter, 2021

References: 2020-26BWG Modified; SSAP No. 86; AP&P Ref #2019-38

Updated: The instructions have been updated to reflect changes associated with 2020-27BWG Modified (adopted 8/27/2020). This item adds a new category line (8799999) to Schedule E, Part 2 for Qualified Cash Pools Under SSAP No. 2R – Cash, Cash Equivalents, Drafts and Short-Term Investments and renumbers the remaining category lines.

New: Note 5.R will be data captured and should disclose the reporting entity’s share of the cash pool by asset type (cash, cash equivalents, or short-term investments). This disclosure was added to reflect requirements for qualified cash pools for SSAP No. 2R related to the SAPWG adoption of AP&P Ref #2019-42. Note 5.R should only be reported (i.e., “Active” in Gain’s software), and the data-captured table completed, if a company reports investments in Qualified Cash Pools on Schedule E, Part 2, Line 8799999.

Effective 1st Quarter, 2021

References: 2020-27BWG Modified; SSAP No. 2R; AP&P Ref #2019-42

Updated: This item modifies the blanks and instructions for Schedule D, Part 6, Sections 1 and 2 to coincide with changes to SSAP No. 68 – Business Combinations and Goodwill and SSAP No. 97 – Investments in Subsidiary, Controlled and Affiliated Entities driven by the SAPWG adoption of AP&P Ref #2020-03 on 7/30/2020.

In addition, this adoption modifies the information collected in the table of Note 3.A and adds Note 3.D for Property and Note 3.E for Life/Fraternal and Health companies.

Effective Annual 2021

References: 2020-22BWG Modified; SSAP No. 68; SSAP No. 97; AP&P Ref #2020-03

Updated: This adoption removes questions 29, 30, 31 and 32 from the Supplemental Exhibits and Schedules Interrogatories, renumbers the remaining questions on the schedule and removes the instructions related to these actuarial filings. These items are being removed now that certifications for business subject to Actuarial Guideline XLIII will be provided in the PBR Actuarial Report as required by VM-31.

Effective 1st Quarter, 2021

References: 2020-24BWG Modified

Updated: The instructions have been updated to reflect modifications associated with 2020-28BWG (adopted 12/16/2020) and AP&P Ref #2020-05 (adopted 7/30/2020). This item removes the data-captured table in Note 22 for 2021 Annual reporting as the Affordable Care Act (ACA) Section 9010 Assessment has been repealed effective January 1, 2021.

Effective Annual 2021

References: 2020-28BWG Modified; AP&P Ref #2020-05

Updated: This item modifies the investment schedules instructions and blank to remove the line category “Bond Mutual Funds – as Identified by the SVO” and reference to the NAIC Bond Fund List (Bond List). The modifications are being made to reflect disclosure changes that have been adopted for SSAP No. 26R – Bonds and SSAP No. 30R – Unaffiliated Common Stock by the Statutory Accounting Principles (E) Working Group (AP&P Ref #2020-01).

Effective Annual 2021

References: 2020-29BWG; SSAP No. 26R; SSAP No. 30R; AP&P Ref #2020-01

Updated: This item moves the interrogatory question regarding “Communication of Internal Control Related Matters Noted in the Audit” from the Annual Supplemental Exhibits and Schedules Interrogatories to the Quarterly Supplemental Exhibits and Schedules Interrogatories, to be answered for the second quarter. For Title, a new page in the quarterly statement will be added for the Supplemental Exhibits and Schedules Interrogatories.

Effective Annual 2021

References: 2020-30BWG Modified

Updated: This adoption replaces the Life, Health and Annuity Guaranty Association Model Act Assessment Base Reconciliation and the Adjustments to the Life, Health and Annuity Guaranty Association Model Act Assessment Base Reconciliation Exhibits with modernized exhibits. This replacement is being adopted in order to promote consistent reporting of assessable premiums among industry members and to reflect changes in guaranty association laws adopted over the past two decades. The exhibits are to continue to be filed as stand-alone April supplemental exhibits.

Effective Annual 2021

References: 2020-31BWG Modified

New: This item adds a new Health Care Receivables Supplement to the Life/Fraternal Annual Statement that will include Exhibits 3 and 3A from the Health Annual Statement. The purpose of the proposal is to allow for more consistency of reporting between the life and health blanks with regards to health care receivables. The addition is intended to provide regulators with detailed health care receivables information from life companies that write a large amount of health business to allow for analysis at the nationwide level. In addition, it will add a new question #37 to the Supplemental Exhibits and Schedules Interrogatories and renumber the remaining questions.

Effective Annual 2021

References: 2020-32BWG

Updated: 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.

Effective Annual 2021

References: 2020-34BWG

Updated: With the adoption of this item, the General Schedules Investment Instructions and Schedule DB General Instructions will be modified to reflect treatment of publicly traded stock warrants as being in the scope of SSAP No. 30R – Unaffiliated Common Stock or SSAP No. 32R – Preferred Stock and reporting as common and preferred stock. This adoption coincides with the Statutory Accounting Principles Working Group (SAPWG) adoption of AP&P Ref #2020-33 on March 15, 2021.

Effective Annual 2021

References: 2020-36BWG; SSAP No. 30R; SSAP No. 32R; AP&P Ref #2020-33

New: This item adds a new Schedule Y, Part 3 to the Annual Statement to capture all entities with ownership greater than 10%, the ultimate controlling parties of those owners and other entities that the ultimate controlling party controls. (See AP&P Ref #2020-34)

Effective Annual 2021

References: 2020-37BWG Modified; AP&P Ref#2020-34

Updated: This item modifies the Accident and Health Policy Experience Exhibit by adding new columns, removing lines distinguishing “with” and “without” contract reserves, adding some new product lines and eliminating the summary tables. The original exposure was modified to keep the exhibit due date as April 1st and for 2021 Annual, the reporting entity will have the option to report the exhibit by state or for the Grand Total (GT) page only.

Effective Annual 2021

References: 2020-38BWG Modified

New: This item adds a reference to other health care receivables within the Annual Statement Instructions for Line 24 – Health Care and Other Amounts Receivable of the Assets page, changes the Line description on Line 0699999 of Exhibit 3 of the Health Care Receivables Supplement and modifies the column headings in Exhibit 3A of the Health Care Receivables Supplement (new to Life/Fraternal filers for Annual 2021).

Effective Annual 2021

References: 2021-01BWG Modified

Updated: This item modifies the blanks and instructions for General Interrogatories, Part 1, Questions 8.1, 8.2, 8.5 and 8.6, changing “bank holding company” to “depository institution holding company” in Questions 8.1 and 8.2. Questions 8.5 and 8.6 are new for 2021 Annual. The purpose of the change is to assist state regulators in identifying depository institution holding companies significantly engaged in insurance activities that would be subject to the Federal Reserve’s Building Block Approach to group capital, thereby prompting the communication necessary to exempt the holding company from the group capital calculation.

Effective Annual 2021

References: 2021-02BWG Modified

Updated: This item modifies the instructions and blanks for Separate Account Interrogatory Questions 1.01, 1.01A, 2.5 and 4.2. Additional category lines will be added to reflect more granularity in the product identifiers within the tables. This BWG proposal is associated with the SAPWG Ref #2020-37 & Ref #2020-38, which were adopted on 5/20/2021.

Effective Annual 2021

References: 2021-03BWG; AP&P Ref #2020-37; AP&P Ref #2020-38

Updated: This item modifies the instructions and blanks, adding questions 24.1 and 24.2 to the Financial section of the Interrogatories. All questions below them will be renumbered. This modification coincides with the adoption of SAPWG Ref #2019-24: Levelized and Persistency Commissions. The questions were added upon the request of regulators, as they had expressed the desire for a general interrogatory to identify certain scenarios in which an insurer utilizes third parties to pay commission expenses.

Effective Annual 2021

References: 2021-04BWG Modified; AP&P Ref #2019-24

Updated: This adoption modifies the instructions for Note 17.B(4), adding a data-captured table to assist regulators in their assessment of situations where an entity has transferred (or sold) assets but still retains a material participation in the transferred asset. This item corresponds with the SAPWG adoption of AP&P Ref #2021-03 on May 20, 2021, and the disclosure changes required in SSAP No. 103R – Transfers and Servicing of Financial Assets and the Extinguishments of Liabilities, paragraph 28g.

Effective Annual 2021

References: 2021-05BWG Modified; SSAP No. 103R; AP&P Ref#2021-03

Updated: This item modifies the instructions to add crosschecks to the Long-Term Care Experience Reporting Forms. Crosschecks will be added to Columns 2, 3, 4, 6 and 7 of Form 5 to Form 1, Columns 8, 1, 2, 5 and 3, respectively.

Effective Annual 2021

References: 2021-06BWG

Updated: The purpose of this adoption is to expand the line categories listed in the instructions for Schedule D, Part 1, Column 26 – Collateral Type, so the column captures collateral type data for all residential mortgage-backed securities (RMBS), commercial mortgage-backed securities (CMBS) and loan-backed and structured securities (LBSS), regardless of reporting category.

Effective Annual 2021

References: 2021-07BWG

New: This item adds a new Mortgage Guaranty Insurance Supplement for Property filers writing Mortgage Guaranty insurance. The supplement will primarily be used by the domestic regulators to assess the capital level of the insurer and their overall financial solvency. The supplement will be due April 1st.

Effective Annual 2021

References: 2021-08BWG Modified

Updated: The instructions have been updated to reflect editorial changes adopted by the NAIC Blanks Working Group (BWG) on 12/16/2020. This revision adds a reference to Note 5.Q, indicating the amounts disclosed as prepayment penalties and/or acceleration fees for securities sold, redeemed or otherwise disposed can be the result of a callable or tender offer feature.

Effective Annual 2021

References: NAIC Editorial Revisions to the Blanks and Instructions

Upated: The instructions and illustrations have been updated to reflect editorial changes adopted by the NAIC Blanks Working Group (BWG) on 3/16/2021 and 5/26/2021. Specifically, this revision modifies the description in the data captured table of Note 10.O, Column 6 to “Amount of the Recognized Guarantee Under SSAP No. 5R” from the previous label of “Reported Value” to provide clarification of the value that is intended to be captured in the disclosure.

Effective Annual 2021

References: NAIC Editorial Revisions to the Blanks and Instructions