Blanks (E) Working Group

2023 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 taskforces.
Coordinate with the applicable task forces and working groups as needed to avoid duplication of reporting within the annual and quarterly statement blanks.
Consider proposals presented that would address duplication in reporting, eliminate data elements, financial schedules and disclosures that are no longer needed, and coordinate with other NAIC task forces and working groups if applicable, to ensure revised reporting still meets the needs of regulators.
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 31, 2023
12:00 PM ET, 11:00 AM CT, 10:00 AM MT, 9:00 AM PT
Expected Length of Call: 1.5 hrs
Webex Link

The purpose of this meeting is to consider adoption of the proposals exposed at the BWG March 7 meeting, consider the exposure of any new items, and consider adoption of editorial revisions.

Agenda and Materials (revised 5/26/2023)

See all Current Exposure Drafts

Blanks (E) Working Group
Items Received for Comment

Last Updated May 31, 2023

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

Ref. No.	Description	Comment Deadline
2023-05BWG Modified	Changes to the Cybersecurity supplement to remove the reference to Identity Theft Insurance from the General Instructions; remove the interrogatory questions from Part 1 that pertain to Identity Theft Insurance; and remove the column for Identity Theft Insurance from Parts 2 and 3. Remove claims-made and occurrence breakdown, as well as first-party and third-party breakdowns from data collection and remove the question in the interrogatories regarding tail policies.	06/30/2023
2023-06BWG	Split the Schedule D, Part 1, into two sections: one for Issuer Credit Obligations and the other for Asset-Backed Securities (ABS). Update the other parts of the annual statement that reference the bond lines of business.	06/30/2023
2023-07BWG	Update the code column and delete the Legal Entity Identifier (LEI) column for the following investment schedules: Schedules A, B, BA, D Part 2, D Part 6, and E Part 1.	06/30/2023
2023-09BWG	Add a new financial statement Note 37 – Life Insurance Net Amount at Risk by Product Characteristics to the life and accident and health/fraternal blank for the updates to the life C-2 mortality risk charges for Life Risk-Based Capital (RBC).	06/30/2023

Adopted Modifications to Financial Statements and Instructions
(updated 5/31/2023)

Editorial Revisions (5/31/2023)

Proposing Amendments to Blanks and Instructions

Procedures (updated 12/17/2019)
Blanks Agenda Item Submission Form (updated 11/17/2022)
Blanks Agenda Item Submission Form Instructions (updated 11/17/2022)

Updates to the Annual/Quarterly Statement Instructions

2022 Instructions Revisions (updated 10/17/2022)
2023 Instructions Revisions (updated 12/22/2022)

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

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