What are the New NAIC Requirements for Reporting Catastrophe Loss Data in the Property and Casualty RBC Filing?

This is a question that I have been asked frequently in the last weeks so here is a quick summary for those who file the NAIC Property Casualty RBC Report. The NAIC will capture 10 year catastrophe loss experience in the RBC Statement beginning this year. The Annual Statement is not affected. The new RBC […]

Randy Hefel

Regulatory Accountant & NAIC Liaison, Wings Plus Annual Statement To see a video interview with Randy, please click here.

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NAIC Requires Separate Account Bifurcation into Insulated and Non-Insulated Filings

In my last blog I reviewed the impact of revisions to the reinsurance schedules effective beginning with the 2012 Annual Statements. The Accounting Practices and Procedures (E) Task Force completed final action July 2, 2012 to require another significant reporting change effective for this year end. This action requires Life, Accident and Health and Fraternal […]

Randy Hefel

Regulatory Accountant & NAIC Liaison, Wings Plus Annual Statement To see a video interview with Randy, please click here.

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NAIC Reinsurance Disclosure Revisions in the 2012 Annual Statement

The NAIC Blanks WG adopted all 25 of the agenda items up for adoption at their June 14th meeting. The items were adopted with only minor additional revisions following discussion. All but one item directly impacts the 2012 Annual Statement filing but three items are significant reporting modifications impacting the Reinsurance Schedules ( P&C Schedule […]

Randy Hefel

Regulatory Accountant & NAIC Liaison, Wings Plus Annual Statement To see a video interview with Randy, please click here.

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NAIC Posts Cautionary Statement on Preliminary Medical Loss Ratio (MLR)

NAIC Posts Cautionary Statement on Preliminary Medical Loss Ratio (MLR) On Line 7 of the Supplemental Health Care Exhibit – Part 1, included in the NAIC April 1 Filing, filers disclose their Preliminary Medical Loss Ratio. Due June 1 is the HHS MLR Rebate Form filed with the Department of Health and Human Services. Mandated […]

Randy Hefel

Regulatory Accountant & NAIC Liaison, Wings Plus Annual Statement To see a video interview with Randy, please click here.

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SSAP 101 Guidance for 2012 Quarterly Notes Reporting

The NAIC posted new guidance this afternoon for implementing the provisions of SSAP 101 in the 2012 Quarterly Statements Note 9A. The document is available for download from the Blanks Working Group website and should serve as your guide in completing the Note 9A data entry piece and printed disclosures. Review the Guidance document before […]

Randy Hefel

Regulatory Accountant & NAIC Liaison, Wings Plus Annual Statement To see a video interview with Randy, please click here.

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