Blanks (E) Working Group

2022 Adopted Charges

The Blanks (E) Working Group will:

Consider improvements and revisions to the various annual/quarterly statement blanks to:
1. Conform these blanks to changes made in other areas of the NAIC to promote uniformity in reporting of financial information by insurers.
2. Develop reporting formats for other entities subject to the jurisdiction of state insurance departments.
3. Conform the various NAIC blanks and instructions to adopted NAIC policy.
4. Oversee the development of additional reporting formats within the existing annual financial statements as needs are identified.
Continue to monitor state filing checklists to maintain current filing requirements.
Continue to monitor and improve the quality of financial data filed by insurance companies by recommending improved or additional language for the Annual Statement Instructions.
Continue to monitor and review all proposals necessary for the implementation of statutory accounting guidance to ensure proper implementation of any action taken by the Accounting Practices and Procedures (E) Task Force affecting annual financial statements and/or instructions.
Continue to coordinate with other task forces of the NAIC to ensure proper implementation of reporting and instructions changes as proposed by these task forces.
Coordinate with the Life Actuarial (A) Task Force to use any special reports developed and avoid duplication of reporting.
Review requests for investment schedule blanks and instructions changes in connection with the work being performed by the Capital Adequacy (E) Task Force and its Working Groups.
Review changes requested by the Valuation of Securities (E) Task Force relating to its work on other invested assets reporting for technical consistency within the investment reporting schedules and instructions.

Calendar

Public Webex Meeting
Wednesday, May 25, 2022
12:00 PM ET, 11:00 AM CT, 10:00 AM MT, 9:00 AM PT
Expected Length of Call: 1 hr
Webex Link

The purpose of this meeting is to consider adoption of items exposed at the BWG meeting on March 29 and to consider exposure of any new items.

Agenda and Materials (updated 5/17/2022)

Public Webex Meeting
Tuesday, March 29, 2022
12:00 PM ET, 11:00 AM CT, 10:00 AM MT, 9:00 AM PT
Expected Length of Call: 1 hr
Webex Link

This meeting is in lieu of the 2022 Spring National Meeting. The Working Group will consider the adoption of previously exposed items as well as discuss any new items.

See all Current Exposure Drafts

Blanks (E) Working Group
Items Received for Comment

Last Updated March 29, 2922

Please address comment letters to Pat Gosselin, Chair of the Blanks (E) Working Group, and direct to NAIC staff, Mary Caswell, Calvin Ferguson and Jill Youtsey.

Ref. No.	Description	Comment Deadline
2021-18BWG	Modify the Life Insurance (State Page) to include the line of business detail reported on the Analysis of Operations by Lines of Business pages. Two new Schedule T style pages (Exhibit of Claims Settled During the Current Year and Policy Exhibit) are created to include detail captured by state on the existing Life Insurance (State Page) that could not be included due to space issues. Add definitions for life and annuity products to the lines of business definitions in the health appendix	04/25/2022
2021-22BWG	This item proposes new reporting requirements for investment transactions with related parties. In addition to capturing direct loans in related parties, it will also capture information involving securitizations (or other similar investments) where the related party is a sponsor/originator along with whether the underlying investment is in a related party.	04/25/2022
2022-01BWG	Add new questions to General Interrogatories Part 1 asking if the reporting entity accepts cryptocurrency for payment of premiums, which cryptocurrencies are accepted, and whether they are held for investment or immediately converted to U.S. dollars (2021-24 SAPWG).	04/25/2022
2022-02BWG	Add four new electronic-only columns to Schedule D, Part 6, Section 1, for Column 16 – Prior Year Book/Adjusted Carrying Value (BACV), Column 17 – Prior Year Nonadmitted Amount, Column 18 – Prior Year Sub-2 Verified Value, and Column 19 – Prior Year VISION Filing Number (2021-22 SAPWG).	04/25/2022
2022-03BWG	Split Line 5 of the Quarterly Part 1 – Loss Experience and Part 2 – Direct Premiums Written into Line 5.1 – Commercial multiple peril (non-liability portion), and Line 5.2 – Commercial multiple peril (liability portion).	04/25/2022
2022-04BWG	Add a new supplement to capture premium and loss data for Annual Statement Line 17.1, Line 17.2, and Line 17.3 of the Exhibit of Premiums and Losses (State Page) – Other Liability by more granular lines of business.	04/25/2022
2022-05BWG	Add line numbers to the status data points in the Life/Fraternal, Health and Property/Casualty (P/C) Schedule T footnote.	04/25/2022
2022-06BWG	Revise the Health Annual Statement Test language in the annual statement instructions.	04/25/2022
2022-07BWG	Modify the Health Actuarial Opinion Instructions. Add definitions of “actuarial asset” and “actuarial liability.” Modify Section 4 – Identification, Section 5 – Scope, and Section 7 – Opinion to clarify that the actuary’s opinion covers actuarial assets as well as actuarial liabilities. Modify Section 9 to clarify that the guidance related to the type of opinion rendered by an appointed actuary covers both actuarial assets and actuarial liabilities.	04/25/2022
2022-08BWG	Modify the instructions in Section 1, Section 3, and Section 8 of the P/C Actuarial Opinion Instructions to reflect the changes adopted by the Actuarial Opinion (C) Working Group.	04/25/2022
2022-09BWG	Changes to the Life/Fraternal VM-20, Requirements for Principle-Based Reserves for Life Products, Reserves Supplement blank Part 2, and adding a Question 3, a disclosure of the year that the Life Principle-Based Reserving (PBR) Exemption was actively filed, and a confirmation of the eligibility criteria in the case of ongoing exemptions. Also, correct references to a state “granting” an exemption, since this is often not the case (e.g., the exemption may be allowed). For the VM-20 Reserves Supplement Instructions, add instructions for the new disclosure item, Question 3. Correct the references to a state “granting” an exemption. For the Supplemental Exhibits and Schedules Interrogatories (Quarterly Statement), for Question 8, add instructions on how to respond if the company is utilizing the ongoing exemption. The same instructions can also be found in the Valuation Manual, Section II, Subsection 1G(1).
2022-10BWG	Add instructions to Schedule T, State pages and the A&H Policy Experience Exhibit to clarify guidance for reporting premium adjustments by jurisdiction.
2022-11BWG	Update the Life/Fraternal Blank Asset Valuation Reserve (AVR) factors to correspond with the adopted Risk-Based Capital (RBC) factors for the expanded bond designation categories.

Adopted Modifications to Financial Statements and Instructions
(updated 3/29/2022)

Editorial Revisions (3/29/22)

Proposing Amendments to Blanks and Instructions

Procedures (updated 12/17/2019)
Blanks Agenda Proposal Form (updated 7/20/2018)
Blanks Proposal Form Instructions (updated 1/23/2020)

Updates to the Annual/Quarterly Statement Instructions

2021 Instructions Revisions (updated 12/22/2021)
2022 Instructions Revisions (updated 3/29/2022)

Updates to the Annual/Quarterly Statement Blanks

*Please contact Linda Hunsucker for revisions prior to the previous year.

Valid Designation, Designation Modifier and Administrative Symbol

Filing Issues and Additional Guidance

General Electronic Filing Directives

2021 Annual General Directive (updated 3/3/2022)
2022 Quarterly General Directive

AVR/IMR Reporting

Assistance With Annual and Quarterly Statement Completion

Education & Training Events

For annual statement preparation online courses, refer to the NAIC Education & Training Web page.

Related NAIC Publications

Minutes for recent national meetings are available for meeting attendees via an event app within 10 days after a meeting concludes. On the NAIC.org website, free access to meeting minutes is available 30 days after a meeting concludes. They are posted to the interactive agenda for each meeting tab on the meetings page. The Proceedings of the NAIC are made available after the minutes are adopted at each subsequent meeting and may be accessed via the NAIC Publications page.

Annual and Quarterly Statement Blanks

Annual and Quarterly Statement Instructions

Compendium of State Laws on Insurance Topics

NAIC Model Laws, Regulations, Guidelines and Other Resources