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 completing your Notes disclosures and you should be able to match up the printed disclosures with the data entry piece.
I did notice that Note 9.A.1. was not addressed in the document and is one of the significant differences between SSAP 10R and SSAP 101. To match up your data entry disclosures with the SSAP 101 disclosures on your printed Notes page complete Note 9A1A through 9A1G per the table below. Basically, you need to flip DTA Nonadmitted with Deferred Tax Liabilities. Remember that the Prior Year amounts will also need to be flipped.
|
Illustration Reference # |
SSAP No. 10R Reference Data Capture 2012QS |
SSAP No. 101 Reference Printed Notes |
|
9A1A |
Gross Deferred Tax Assets |
Gross Deferred Tax Assets |
|
9A1B |
Statutory Valuation Allowance |
Statutory Valuation Allowance |
|
9A1C |
Adj. Gross DTA (1a – 1b) |
Adj. Gross DTA (1a – 1b) |
|
9A1D |
Deferred Tax Liabilities |
Deferred Tax Assets Nonadmitted |
|
9A1E |
Subtotal Net DTA/(DTL) (1c – 1d) |
Subtotal Net Admitted DTA (1c – 1d) |
|
9A1F |
DTA Nonadmitted |
Deferred Tax Liabilities |
|
9A1G |
Net Admitted DTA/(Net DTL) (1e – 1f) |
Net Admitted DTA/(Net DTL) (1e – 1f) |
