If you are filing the Property New York Supplement you may be wondering what happened to the reinsurance Schedules F Part 5, Part 6, and Part 7.  Or if you are filing the Life New York Supplement you may be wondering if you are required to file reinsurance Schedule S – Part 4. New York and other states as well have already implemented provisions of the Dodd-Frank Act and the Non-admitted and Reinsurance Reform Act (NRRA). For this reason New York is no longer capturing the reinsurance schedules in their New York Supplement Filings.   

The NY Property Supplement removed Schedule F but the NY Life Supplement still has Schedule S – Part 4 in their Blank. To avoid confusion New York posted the following to their Life Supplement Information page, http://www.dfs.ny.gov/insurance/annual/ny11life.htm:

“The Dodd-Frank Act has pre-empted the requirement of filing Schedule S, Part 4 of the New York Supplement for foreign licensed life insurers and accredited reinsurers. While the Schedule is included in the current filing package, there is no need to fill it out.”

The NAIC is maintaining a website of their initiatives related to the Dodd-Frank Act. Follow the developments at http://www.naic.org/index_financial_reform_section.htm.