Blanks (E) Working Group

2020 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 Investment Risk-Based Capital (E) Working Group.
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

2020 Spring National Meeting
Blanks (E) Working Group
Thursday, March 26, 2020
11:00 AM - 12:00 PM CDT

This meeting is cancelled due to the NAIC’s decision to suspend the Spring National Meeting. Read the full notice.

Conference Call
Thursday, May 28, 2020
12:00 PM ET, 11:00 AM CT, 10:00 AM MT, 9:00 AM PT
Expected Length of Call: 1 hr

The purpose of this call is to consider adoption of items exposed following the Spring National Meeting, and to discuss any new items. Materials will be distributed when available.

See all Current Exposure Drafts

Blanks (E) Working Group
Items Received for Comment

Last Updated March 24, 2020

Please address comment letters to Jacob Garn, Chair of the Blanks (E) Working Group, and direct to Mary Caswell and Calvin Ferguson.

Ref No.

Description

Comment Deadline

2020-09BWG

Modify the Annual Statement Instructions for Schedule F, Part 3 to reflect the factors for all uncollateralized reinsurance recoverable from unrated reinsurers being the same for authorized, unauthorized, certified and reciprocal reinsurance.

5/11/2020

2020-10BWG

Revise the column 10 header in the Variables Annuities Supplement blank to be Contract Level Reserves Less Cash Surrender Value. Revise the line descriptions in line 1 through line 3 in the footer and add a line for the Reserve Credit from Other Reinsurance and for Post-Reinsurance Ceded Aggregate Reserve. Adjust the instructions to correspond with changes made to the blanks as well as changes in the 2020 Valuation Manual for the new Variable Annuities Framework.

5/11/2020

2020-11BWG

For the VM-20 (Requirements for Principle-Based Reserves for Life Products, Reserves) Supplement blank, split Part 1 into Part 1A and Part 1B. For Part 1A: change the description header for column 3 to be “Due and Deferred Premium Asset” to match the instructions. Add “XXX” in the two places needed to indicate that a due and deferred premium asset does not need to be reported in the lines shown for Total Reserves. Change the reporting units for all columns to be in dollars rather than in thousands. Expand all columns to allow room for a number as large as 999,999,999,999. Change the product labels for clarity. For Part 1B: change the reporting units for the reserve columns to be in dollars rather than in thousands. Expand the reserve columns to allow room for a number as large as 999,999,999,999. Expand the face amount columns to allow room for a number as large as 9,999,999,999. Change the product labels for clarity. Remove Part 2 and re-number the remaining parts. Adjust the instructions according to the changes made to the blanks. Clarify instructions and add examples for Parts 1A and 1B.

5/11/2020

2020-12BWG

The proposal will require appointed actuaries to attest to meeting Continuing Education (CE) requirements and participate in the Casualty Actuarial Society (CAS)/Society of Actuaries (SOA) CE review procedures, if requested. These proposed changes were adopted by the Accounting Practices and Procedures (E) Task Force on January 28, 2020.

5/11/2020

2020-13BWG

Remove Line 24.04 from the General Interrogatories, Part 1 and renumber remaining lines for Interrogatory Question 24. Modify Lines 24.05 and 24.06 to require reporting amounts for conforming and non-conforming collateral programs.

5/11/2020

2020-14BWG

Modify the columns and rows on the blank pages for the Long-Term Care Experience Reporting Form 1 through Form 5 and make appropriate changes to the instructions for those forms.

5/11/2020

2020-15BWG

A new Private Flood Insurance Supplement collecting residential and commercial private flood insurance data and revisions to the Credit Insurance Experience Exhibit (CIEE) to collect lender-placed flood coverages.

5/11/2020

2020-16BWG

Modify Question 3.1 and Question 3.2 of General Interrogatories Part 2 and provide instructions for the questions.

5/11/2020

2020-17BWG

Adjust the asset valuation reserve (AVR) presentation to include separate lines for each of the expanded bond designation categories.

5/11/2020

2020-18BWG

Clarify the instructions to indicate which funds reported on Schedule D, Part 2, Section 2 (annual filing) and Schedules D, Part 3 and Part 4 (quarterly filing) must have NAIC Designation, NAIC Designation Modifier and SVO Administrative Symbol. Modify the reference to the Purposes and Procedures Manual of the NAIC Investment Analysis Office (P&P Manual) found in the following investment instructions.

5/11/2020

2020-19BWG

Add a code of “%” to the code column for all investments which have been reported Schedule DA, Part 1 and Schedule E, Part 2 for more than one consecutive year. Add certification to the General Interrogatories, Part 1 inclusion of these investments on Schedule DA, Part 1 and Schedule E, Part 2.

5/11/2020

2020-20BWG

For Schedule D, Part 1, add code “9” to Column 23 – Collateral Type for ground lease financing. Renumber “Other” code to 10.

5/11/2020

2020-21BWG

Add new Line 4.05 for valuation allowance for mortgage loans to the Summary Investment Schedule and renumber existing Line 4.05 to Line 4.06. Modify the instructions to include a crosscheck for new Line 4.05 back to Schedule B – Verification Between years. Clarify the instructions for LIne 4.01 through Line 4.04 to explicitly show crosschecking to Column 8 of Schedule B, Part 1.

5/11/2020

2020-22BWG

Modify the instructions and illustration for Note 3A and a new Note 3E with instructions and illustrations to be data captured. Modify the blank and instructions for Schedule D, Part 6, Section 1 and Section 2.

5/11/2020

2020-23BWG

Add footnote to Exhibit 5 (life/fraternal and health – life supplement) and Exhibit 3 separate accounts to disclose cases when a mortality risk is no longer present or a significant factor; i.e., due to a policyholder electing a payout benefit.

5/11/2020

2019-25BWG Modified

Modify the instructions for Column 10, Schedule F, Part 3 – Property and Schedule F, Part 2 – Life/Fraternal Workers’ Compensation Carve-out supplement, removing instruction to exclude adjusting and other reserves from the column. Add instructions to include those with the defense and cost containment reserves. Add a new instruction for Column 12 for the same schedules. Add crosschecks to Schedule P, Part 1.

2/21/2020

2019-28BWG

Modify the instruction for Supplemental Investment Risk Interrogatories Lines 13.02 through 13.11 clarifying when to identify the actual equity interests within a fund and aggregate those equity interests for determination of the ten largest equity interests.

2/21/2020

2019-29BWG

Modify the instruction and blank for Supplemental Investment Risk Interrogatories Question 14.01.

2/21/2020

2019-30BWG Modified

Add a category and instructions for Reciprocal Jurisdiction Companies in Schedule S for the life/fraternal and health blanks and to Schedule F for the property and title blanks. Add a list of identification numbers in instructions to Schedule Y, Part 1A, Schedule Y, Part 2 and Schedule D, Part 6, Section 1 for Reciprocal Jurisdiction Companies. Add a reference to Reciprocal Jurisdiction Companies in the Trusteed Surplus Statement instructions for life/fraternal, health and property statements.

2/21/2020

2020-01BWG

Add crosschecks to Lines 13 and 14 of the State Page to Lines 10 and 11 of the Underwriting and Investment Exhibit, Part 1. Also add crosschecks to Lines 9, 10 and 11 of the Underwriting and Investment Exhibit, Part 1 and Schedule T, Line 61.

2/21/2020

2020-02BWG Modified

Modify the instruction and illustration for Note 10L. The illustration will not be data captured.

2/21/2020

2020-03BWG Modified

Modify the instruction and illustration for 13(11) to the Notes to Financial Statement. Change the numbering from 1 through 11 to A through M.

2/21/2020

2020-04BWG

Modify the instruction and illustration for Note 23A – Unsecured Reinsurance Recoverables.

2/21/2020

2020-05BWG Modified

Modify the instruction and illustration for Note 2 – Accounting Changes and Correction of Errors.

2/21/2020

2020-06BWG Modified

Modify the instruction and illustration for Note 19 on MGAs and TPAs.

2/21/2020

2020-07BWG

Add new disclosure Note 23 – Reinsurance for reinsurance credit (23H – Life/Fraternal, 23E Health and 23K Property).

2/21/2020

2020-08BWG Modified

Add a disclosure instruction for 10C to the Notes to Financial Statement for related party transactions not captured on Schedule Y. Combine existing 10C into 1B instructions and illustration narrative.

2/21/2020

COVID-19 Guidance From E Committee

SAPWG Interpretation Exposures Related to COVID-19

Adopted Modifications to Financial Statements and Instructions
(updated 12/17/2019)

Editorial Revisions (updated 12/17/2019)

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

2019 Instructions Revisions (updated 1/15/2020)
2020 Instructions Revisions (updated 1/22/2020)

Updates to the Annual/Quarterly Statement Blanks

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

Alpha Indexes for the Annual Statement Blanks

Valid Designation, Administrative Symbol and Market Indicator Combinations

Filing Issues and Additional Guidance

SHCE Cautionary Statement
Document Identifier Listing for Barcodes (updated 3/10/2020)
Guidance for Transitional ACA Reinsurance Program
Structured Notes FAQ
Reporting Quality Improvement Activities in the Supplemental Health Care Exhibit
Guidance Analysis of Operations – Individual and Group Life (updated 12/17/2019)

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

Draft meeting minutes are available free for meeting attendees 10 business days after a national meeting concludes, using the User ID and Password supplied by the NAIC. Regulators may access minutes via StateNet.
Final committee minutes and Proceedings of the NAIC are available to non–attendees, after adoption at the next national meeting, for free in the PDF format through the NAIC Products & Services website.

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

Contacts

Media Inquiries
(816) 783-8909
news@naic.org

Mary Caswell
Senior Manager – Data Quality
816-783-8409
Blanks Working Group
Financial Reporting

Calvin Ferguson
Senior Insurance Reporting Analyst
816-783-8424
Annual Statement Instructions Publication

Julie Gann
Assistant Director - Solvency Policy
816-783-8966

Linda Hunsucker
Senior Insurance Reporting Analyst
816-783-8404
State Filing Checklists
Blanks Publication

Please see the current Committee List for a complete list of committee members.