The Blanks Working Group (“BWG”) held a conference call on March 6, 2025, to review and consider the adoption of ten previously exposed positions. Nine items were adopted and will be effective with the 2025 Annual Statement, unless otherwise noted.
Adopted Items
The items below were adopted with minor editorial updates and/or with additional comments (i.e. friendly amendments) from the BWG, regulators, or other interested parties. All adoptions are applicable to either the Life/Fraternal, Property, Health or Title blanks, as specified by “L” for Life/Fraternal, “P” for Property, “H” for Health, and “T” for Title, or some combination thereof. As noted above, the adopted items are effective for the 2025 Annual Statement or 2026 Quarterly Statement.
- 2024-13BWG Modified: This item updates the annual investment schedules for editorial items to the bond project (Schedule D Verification, Schedule D, Part 1A, Schedule BA, Schedule D, Parts 1 through 6, Schedule DA, Schedule DL, Parts 1 and 2 and Schedule E, Parts 1 and 2). It provides further updates to the Annual Investment Schedule General Instructions for the Restricted Asset Code label and clarifying instruction to some of the new ABS categories. The editorial revisions are in reference to the adopted proposal 2023-06BWG Modified. (L/P/H/T/SA)
- 2024-14BWG Modified: This item updates one of the investment schedules’ issuer credit obligation line categories to “Bonds Issued by Funds Representing Operating Entities”, replacing “Bonds Issued from SEC-Registered Business Development Corps, Closed End Funds & REITS” and is associated with SAPWG Ref #2024-01. The modifications to SSAP No. 26 – Bonds were added to clarify guidance in the principles-based bond definition on the treatment of debt securities issued by funds. (L/P/H/T/SA)
- 2024-15BWG: This removes the ACA disclosure on the transitional reinsurance program and the risk corridors program from the Supplemental Health Care Exhibit as both programs have expired. (L/P/H)
- 2024-16BWG: This item removes the quarterly investment interrogatory, line 13, for reporting mortgages and real estate in short-term investments. All subsequent lines have been renumbered. With the adoption of 2024-02BWG, there was added guidance indicating mortgages and real estate should not be included in short-term investments. This adoption is effective January 1, 2026. (L/P/H/T)
- 2024-17BWG: This item adds a line for Pet Insurance Plans to the MCAS Premium Exhibit. (L/P/H)
- 2024-18BWG: This item adds a footnote to the Supplemental Health Care Exhibit, Part 2 to report the amount of premium deficiency reserves that are included in different lines of Part 2. This modification should help alleviate cross-check errors between Column 13 of this exhibit and the Accident and Health Policy Experience Exhibit for those filers that report premium deficiency reserves. (L/P/H)
- 2024-20BWG Modified: This item adds an electronic-only contact information field to the annual and quarterly Jurat page for the Guaranty Association Assessment Contact. This will allow members to contact insurers about Guaranty Association operations (class A Assessments) and for specific insolvencies (Class B Assessments). (L/P/H)
- 2024-21BWG: This item adds language to the annual and quarterly instructions to clarify that the sale of a security that is reacquired with different terms should be reported as a sale on Schedule D, Part 4 and as a new acquisition on Schedule D, Part 3. It is associated with the SAPWG Ref #2024-16, adopted on February 25, 2025.. (L/P/H/T/SA)
2024-22BWG: This item updates the Schedule BA definitions for Surplus Debentures and Capital Notes to add clarification on what should be reported in these categories. The SAPWG agenda item 2024-28, adopted on February 25th, 2025, adds clarifying language to the annual and quarterly instructions to incorporate the changes to SSAP No. 41 – Surplus Notes where clarifying guidance related to capital notes has been added. (L/P/H/T).
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