The Blanks Working Group (“BWG”) held a conference call on November 7, 2023, to review and consider the adoption of five previously exposed positions. Of those five items, two were adopted. Two of the other items were deferred and re-exposed until January 21, 2024, to allow for further comment and discussion and one item was withdrawn.
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, and Title blanks, as specified by “L” for Life/Fraternal, “P” for Property, “H” for Health, and “T” for Title, or some combination thereof. The effective date of the adopted items is 1st Quarter 2025.
- 2023-06BWG Modified: This item splits Schedule D, Part 1 into two sections. Schedule D, Part 1, Section 1 will be for Issuer Credit Obligations (ICO) that fall under SSAP No. 26R – Bonds and Schedule D, Part 1, Section 2 will cover Asset-Backed Securities (ABS) that fall under SSAP No. 43R – Asset-Backed Securities. Line numbers, column numbers and codes will all be reconfigured. Additional schedules within the quarterly and annual statements that reference the bond lines will also be modified. (L/P/H/T)
- 2023-07BWG Modified: This item updates the code column and deletes the Legal Entity Identifier (LEI) column for Schedules A, B, BA, D Part 2, D Part 6 and E Part 1. These modifications will make all the investment schedules consistent with the changes to Schedule D, Part 1. (L/P/H/T)
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