The Blanks Working Group (“BWG”) held a conference call on November 17, 2022 to review and consider the adoption of two previously exposed positions.
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, and Title blanks, as specified by “L” for Life/Fraternal, “P” for Property, “H” for Health, and “T” for Title, or some combination thereof. Adopted items are effective for the 2023 Annual Statement, except where noted differently.
- 2022-12BWG: This item will create a revised/new supplement “Health Supplement” for Life companies that combines the Health Analysis of Operations by Line of Business and Health Care Receivables Supplement (Exhibits 3 and 3A). This supplement will be due to the NAIC by March 1 of each year. (L)
- 2022-19BWG Modified: This item modifies the Life State Page and the Life Supplement to the Health Annual Statement to include the line of business detail reported on the Analysis of Operations by Lines of Business pages. It adds definitions for life and annuity products to the lines of business definitions in the health appendix. This will change the state page to be 28 columns wide and will expand the schedule from one to two pages of the statement for each state in which an entity is licensed. (L/H)
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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