The Blanks Working Group (“BWG”) held a conference call on July 22, 2021, in lieu of the 2021 Summer National Meeting, to review and adopt five previously exposed positions. Of those five items, only one was adopted. The other four items were deferred and re-exposed to allow for further comments and discussion.
Adopted Item
The item below was adopted as proposed with no additional comments from the BWG, regulators, or other interested parties. This adoption applies to Life/Fraternal, Property, Health, and Title blanks, and will be effective for the Q1 2022 Quarterly Statement.
- 2021-10BWG: This item removes language in quarterly General Interrogatories, Part 1, line 4.1 that requires the filing of a quarterly merger/history form, and as a result, removes the requirement for a quarterly merger/history form to be filed. The annual form will still be required, as it currently works as intended by the original proposal (2017-21BWG) and is used for IRIS calculations as well as validations. In contrast, the quarterly form did not function with the database system and therefore, removal of the quarterly filing requirement was deemed necessary and appropriate.
As always, Gain Compliance integrates the latest changes into the NAIC guidelines to streamline the reporting process. If there are any further questions or comments, please do not hesitate to reach out.
Updates from prior meetings are available in Gain’s growing library of resources.
As always, Gain Compliance integrates the latest changes into the NAIC guidelines to streamline the reporting process. If there are any further questions or comments, please do not hesitate to reach out.
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