STATE/TREASURY JOINT DATA CALL

Beginning in 2016, insurance regulators in all states and the District of Columbia ("States") agreed to participate in a data call to collect information related to terrorism risk insurance to serve important regulatory objectives, such as monitoring the affordability and availability of insurance coverage for acts of terrorism and assessing insurers' financial exposure to terrorism risk. Prior to 2018, States and Treasury collected data individually concerning terrorism risk insurance. Beginning in 2018, Treasury and the States took a consolidated approach designed to permit companies subject to both data calls to submit the same information to Treasury and the States using the Joint Reporting Templates. Companies will also submit more granular data on property exposures to the States using the State Property Supplement. The data will be collected through the Joint Reporting Templates and the State Property Supplement, which are described further below.

All insurers who wrote commercial property/casualty policies in the lines of business subject to the Terrorism Risk Insurance Program in 2019, except those subject to exemption as described below, must submit data to both Treasury and the NY Portal. The Terrorism Risk Insurance Act specifically excludes crop insurance, private mortgage insurance, title insurance, financial guaranty insurance, medical malpractice insurance, health or life insurance, flood insurance, or reinsurance (15 U.S.S. 6701 Note, P.L. 107-297). The Act also excludes commercial auto, burglary and theft, professional liability (except for directors and officers liability), and farm-owners multiple peril (P.L. 109-144).

Entities required to submit data on the Joint Data Templates must visit https://www.tripsection111data.com/ to download a registration form for the 2020 data collection. The completed registration form must then be emailed to tripsection111data@iso.com/. After the entity's registration is processed, they will be provided with the appropriate data collection template or other specifications for reporting data. The data must be transmitted to Treasury via secure file transfer protocol (SFTP) as well as to the States in either Excel or csv format through the New York Portal. Data on the Joint Reporting Template will be due May 15, 2020. If a reporting group or company submits corrected information after an original submission of one or more of the Joint Reporting Templates, it will be expected to resubmit the same corrected data to both the States and Treasury.

STATE PROPERTY SUPPLEMENT

Insurers not subject to the exemptions described below, writing commercial property/casualty policies in lines subject to the Terrorism Risk Insurance Program ("TRIP") and domiciled in one of the States, are requested by their state of domicile to complete the State Property Supplement for the period January 1, 2019 through December 31, 2019. The State Property Supplement applies to property coverages alone (lines 01, 2.1, 5.1, and 27 on the Annual Statement), and as in prior years continues to request ZIP Code-level data. Data should be reported on the State Property Supplement in csv format only; Excel will not be accepted. A sample csv file is provided here. The State Property Supplement should be submitted to the States by September 30, 2020 through the Department portal at https://myportal.dfs.ny.gov A data entry checklist is provided for your reference to ensure data is correct and accurate prior to submission.

EXEMPTIONS
Insurance groups and individual insurers not part of a group with TRIP-eligible commercial direct earned premium of less than $10 million in 2019 are exempt from both parts of the 2020 data call (the Joint Reporting Templates and the State Property Supplement).  This exemption does not apply to captive insurers or alien surplus lines insurers.

JOINT REPORTING TEMPLATE
The States and Treasury are requiring insurers to report on a group basis using the appropriate Joint Reporting Template

• Non-Small Insurers - Form | Instructions
• Small Insurers - Form | Instructions
• Captive Insurers - Form | Instructions
• Alien Surplus Lines Insurers - Form | Instructions

For purposes of the 2020 data call (focusing on calendar year 2019 information), insurance groups or entities that had both policyholder surplus and direct earned premium in the TRIP-eligible lines of insurance of less than $900 million (each) in 2018 should complete the "small insurer" Joint Reporting Template. Insurance groups or entities that had both policyholder surplus and direct earned premium in the TRIP-eligible lines of insurance of greater than $900 million (each) in 2018 should complete the "non-small insurer" Joint Reporting Template. The dollar amount was raised from $800 million in the 2019 data call to $900 million in the 2020 data call. The States will only require captive insurers to submit data on the Joint Reporting Templates. Captives will not be required to file the State Property Supplement.

Data from insurers writing workers' compensation insurance has been collected via a separate data call. However, the Joint Reporting Templates do require completion of data pertaining to excess workers compensation coverage. Reporting insurers who only write workers' compensation policies are still required to register for data collection and submit certain data elements on the Joint Reporting Template. Please visit https://home.treasury.gov/policy-issues/financial-markets-financial-institutions-and-fiscal-service/federal-insurance-office/terrorism-risk-insurance-program/annual-data-collection or contact tripsection111data@iso.com for more information on what is required for insurers writing workers compensation or excess workers compensation coverage.

The NAIC's International Insurance Department ("IID"), through the NAIC's Surplus Lines (C) Working Group, has historically collected terrorism risk insurance data at an insurer level from alien surplus lines insurers. The IID will continue to collect such data, which is equivalent to what is being sought in Treasury's alien surplus lines Joint Reporting Template and the IID's data collection will remain separate from this data call. More information on this subject can be found at: https://www.naic.org/cmte_c_surplus_lines_wg.htm.