NAIC BLANKS (E) WORKING GROUP
Blanks Agenda Item Submission Form
DATE:
02/05/2013
CONTACT PERSON:
TELEPHONE:
FOR NAIC USE ONLY
Agenda Item # 2013-05BWG MOD
Year
2013
Changes to Existing Reporting
[X ]
New Reporting Requirement
[ ]
EMAIL ADDRESS:
REVIEWED FOR ACCOUNTING
PRACTICES AND PROCEDURES IMPACT
ON BEHALF OF:
No Impact [ X ]
Modifies Required Disclosure [
DISPOSITION
NAME:
Kim Hudson
TITLE:
AFFILIATION:
California Department of Insurance
ADDRESS:
300 South Spring St.
Los Angeles, CA 90013
[
]
[
]
[ X ]
[
]
[
]
[
]
[
]
]
Rejected For Public Comment
Referred To Another NAIC Group
Received For Public Comment
Adopted Date
Rejected Date
Deferred Date
Other (Specify)
BLANK(S) TO WHICH PROPOSAL APPLIES
[X ]
[X ]
ANNUAL STATEMENT
INSTRUCTIONS
[X ]
[
]
QUARTERLY STATEMENT
CROSSCHECKS
[ X ] Life and Accident & Health
[
] Separate Accounts
[
] Other Specify
[X ]
[X ]
Property/Casualty
Fraternal
[X ]
[X ]
[X ]
BLANK
Health
Title
Anticipated Effective Date: Annual 2013
IDENTIFICATION OF ITEM(S) TO CHANGE
Add note to the instructions of Schedule Y (Part 1, 1A and 2) to indicate that if those schedules are completed the answer to
General Interrogatories Part 1, Question 1.1 should be “YES.” Also add a code to the list for Schedule Y, Part 1A,
Column 10 for the reporting entity rather than allowing it to be left blank. Add reference to the blank that Schedule Y
(Part 1, 1A and 2) if interrogatory answer is “YES.”
REASON, JUSTIFICATION FOR AND/OR BENEFIT OF CHANGE**
The purpose of this proposal is to clarify that the answer to General Interrogatories Part 1, Question 1.1 should be consistent
with completing or not completing Schedule Y. In addition Schedule Y, Part 1A, Column 10 will have a code for the
reporting entity to eliminate allowing an entry for that column to be blank for any company.
NAIC STAFF COMMENTS
Comment on Effective Reporting Date:
Other Comments:
___________________________________________________________________________________________________
** This section must be completed on all forms.
Revised 6/13/2009
© 2013 National Association of Insurance Commissioners
115
ANNUAL & QUARTERLY STATEMENT INSTRUCTIONS – LIFE, PROPERTY, HEALTH, FRATERNAL AND TITLE
SCHEDULE Y – INFORMATION CONCERNING ACTIVITIES OF INSURER MEMBERS OF
A HOLDING COMPANY GROUP
PART 1 – ORGANIZATIONAL CHART
The term “holding company group” includes members of a holding company system and controlled groups.
All insurer and reporting entity members of a holding company group shall prepare a common schedule for inclusion in each
of the individual annual statements. If the company is required to file a registration statement under the provisions of the
domiciliary state’s Insurance Holding Company System Regulatory Act, then Schedule Y, Part 1, Organizational Chart must
be included in the annual statement. See SSAP No. 25, Accounting for and Disclosures about Transactions with Affiliates
and Other Related Parties, for further information
NOTE: If the reporting entiy completes this schedule, it should have answered “YES” to General Interrogatories, Part 1,
Question 1.1.
Attach a chart or listing presenting the identities of and interrelationships between the parent, all affiliated insurers and
reporting entities; and other affiliates, identifying all insurers and reporting entities as such and listing the Federal Employer’s
Identification Number for each. The NAIC company code and two-character state abbreviation of the state of domicile should
be included for all domestic insurers. The relationships of the holding company group to the ultimate controlling person
(if such person is outside the reported holding company) should be shown. Only those companies that were a member of a
holding company group at the end of the reporting period should be shown on Schedule Y, Part 1, Organizational Chart.
Where interrelationships are a 50%/50% ownership, footnote any voting rights preferences that one of the entities may have.
However, any person(s) (that includes natural person) deemed to be an ultimate controlling person, must be included in the
organizational chart. The Social Security number for individual persons should not be included on this schedule.
DRAFTING NOTE:
For the Quarterly Instructions the General Interrogatory Question reference will be 3.1.
© 2013 National Association of Insurance Commissioners
116
SCHEDULE Y
PART 1A – DETAIL OF INSURANCE HOLDING COMPANY SYSTEM
All insurer and reporting entity members of the holding company system shall prepare a schedule for inclusion in each of the
individual annual statements that is common for the group with the exception of Column 10, Relationship to Reporting Entity.
NOTE: If the reporting entiy completes this schedule, it should have answered “YES” to General Interrogatories, Part 1,
Question 1.1.
Column 1
–
Group Code
If not applicable for the entity in Column 8, leave blank.
Detail Eliminated To Conserve Space
Column 10
–
Relationship to Reporting Entity
Use the most applicable of the following codes to describe the relationship of the entity in Column 8 to the
reporting entity for which the filing is made.
Relationship Codes:
UDP
=
UIP
=
DS
=
IA
=
NIA
=
OTH
=
RE
=
Upstream Direct Parent
Upstream Indirect Parent
Downstream Subsidiary
Insurance Affiliate
Non-Insurance Affiliate
Other (explain relationship in the footnote line)
Reporting Entity
Detail Eliminated To Conserve Space
DRAFTING NOTE:
For the Quarterly Instructions the General Interrogatory Question reference will be 3.1.
SCHEDULE Y
PART 2 – SUMMARY OF INSURER’S TRANSACTIONS WITH ANY AFFILIATES
This schedule was designed to provide an overview of transactions among insurance holding company system members. It is
intended to demonstrate the scope and direction of major fund and/or surplus flows throughout the system. This schedule should be
prepared on an accrual basis.
All insurer and reporting entity members of the holding company system shall prepare a common schedule for inclusion in each of
the individual annual statements.
NOTE: If the reporting entiy completes this schedule, it should have answered “YES” to General Interrogatories, Part 1,
Question 1.1.
Include transactions between insurers; and between insurers and non-insurers within the holding company system. Exclude
transactions between non-insurers that do not involve an affiliated insurer. Include all shareholder dividends, capital contributions
and reinsurance recoverable (payable), Columns 4, 5 and 13, respectively, and transactions involving one-half of one percent or
more of the largest insurer’s admitted assets as of December 31. Exclude transactions of a non-insurer with an affiliated insurance
company that are of a routine nature (e.g., the purchase of insurance coverage).
Detail Eliminated To Conserve Space
DRAFTING NOTE:
For the Quarterly Instructions the General Interrogatory Question reference will be 3.1.
© 2013 National Association of Insurance Commissioners
117
ANNUAL STATEMENT BLANK – LIFE, PROPERTY, HEALTH, FRATERNAL AND TITLE
GENERAL INTERROGATORIES
PART 1 – COMMON INTERROGATORIES
GENERAL
1.1
Is the reporting entity a member of an Insurance Holding Company System consisting of two or more affiliated persons, one or
more of which is an insurer?
Yes
[ ]
No [ ]
If yes, complete Schedule Y, Parts 1, 1A and 2.
Detail Eliminated To Conserve Space
QUARTERLY STATEMENT BLANK – LIFE, PROPERTY, HEALTH, FRATERNAL AND TITLE
GENERAL INTERROGATORIES
PART 1 – COMMON INTERROGATORIES
GENERAL
1.1
Did the reporting entity experience any material transactions requiring the filing of Disclosure of Material Transactions with the
State of Domicile, as required by the Model Act?
Yes
[ ]
No [ ]
1.2
If yes, has the report been filed with the domiciliary state?
Yes
[ ]
No [ ]
2.1
Has any change been made during the year of this statement in the charter, by-laws, articles of incorporation, or deed of settlement
of the reporting entity?
Yes
[ ]
No [ ]
2.2
If yes, date of change:
__________________
3.1
Is the reporting entity a member of an Insurance Holding Company System consisting of two or more affiliated persons, one or
more of which is an insurer?
Yes
If yes, complete Schedule Y, Parts 1, 1A and 2.
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© 2013 National Association of Insurance Commissioners
118
[ ]
No [ ]