2020 Key Dates
April 15, 2020 Letter sent to companies
August 15, 2020 2018 AND 2019 Data Due from companies
STATE DATA CALL
Insurance regulators in all states and the District of Columbia have agreed to participate in a data call to collect information related to private flood insurance (please note the data call is voluntary in Maryland). The data call is intended to provide state regulators with information regarding the size of the private market for flood insurance, particularly as it relates to residential coverage. The size of the private market is of interest due to constraints in federal coverage such as pricing and limits of coverage offered through the National Flood Insurance Program (NFIP), and in order for state regulators, FEMA and the public to understand the growth of the private flood insurance market.
The data call will be split into two parts, in order to collect private flood insurance data for the data years 2018 and 2019. Subsequently, private flood insurance data will be collected through the NAIC Financial Annual Statement beginning in 2021 with 2020 data. The data obtained through the data call and subsequently collected through the NAIC Financial Annual Statement will be made available to the public.
Each company that wrote private flood insurance in 2018 or 2019 should submit an .XLSX file using the template provided through the Regulatory Data Collection application within myNAIC.
A company contact will need to be assigned to file the report in the RDC application. Filing requires a myNAIC account username and password as well as the following role: FLOOD_USER_PR.
The company contact assigned to submit the data file should send an email to firstname.lastname@example.org requesting:
- myNAIC account setup (if not already setup), and;
- the role FLOOD_USER_PR assigned.
Data definitions can be found here.
File Creation Assistance can be found here.
A user guide to submit files can be found here.
A guide to RDC Exceptions can be found here.
For questions regarding the content of the data call please send an e-mail to email@example.com.