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Blanks (E) Working Group

2019 Charges

The Blanks (E) Working Group will:

  1. Consider improvements and revisions to the various annual/quarterly statement blanks to:

    1. Conform these blanks to changes made in other areas of the NAIC to promote uniformity in reporting of financial information by insurers.
    2. Develop reporting formats for other entities subject to the jurisdiction of state insurance departments.
    3. Conform the various NAIC blanks and instructions to adopted NAIC policy.
    4. Oversee the development of additional reporting formats within the existing annual financial statements as needs are identified.
  2. Continue to monitor state filing checklists to maintain current filing requirements.
  3. Continue to monitor and improve the quality of financial data filed by insurance companies by recommending improved or additional language for the Annual Statement Instructions.
  4. Continue to monitor and review all proposals necessary for the implementation of statutory accounting guidance to ensure proper implementation of any action taken by the Accounting Practices and Procedures (E) Task Force affecting annual financial statements and/or instructions.
  5. Continue to coordinate with other task forces of the NAIC to ensure proper implementation of reporting and instructions changes as proposed by these task forces.
  6. Coordinate with the Life Actuarial (A) Task Force to use any special reports developed and avoid duplication of reporting.
  7. Review requests for investment schedule blanks and instructions changes in connection with the work being performed by the Investment Risk-Based Capital (E) Working Group.
  8. Review changes requested by the Valuation of Securities (E) Task Force relating to its work on other invested assets reporting for technical consistency within the investment reporting schedules and instructions.
Blanks (E) Working Group

Conference Call
Monday, June 24
12:00 PM ET, 11:00 AM CT, 10:00 AM MT, 9:00 AM PT
Expected Length of Call: 1 hr 30 minutes

The purpose of this meeting is to consider adoption of the Blanks proposals from the 2019 Spring National Meeting and to consider new proposals for exposure.

2019 Spring National Meeting - Blanks (E) Working Group

2019 Spring National Meeting
Orlando Florida
2019 Spring National Meeting - Blanks (E) Working Group
Saturday, April 06, 2019
4:30 PM ET, 3:30 PM CT, 2:30 PM MT, 1:30 PM PT
Estimated Call Length: 1 hr

JW Marriott—Palazzo Ballroom Salons D & E—Lobby Level

Blanks (E) Working Group
Items Received for Comment

Last Updated April 6, 2019

Please address comment letters to Jacob Garn, Chair of the Blanks (E) Working Group, and direct to Mary Caswell and Calvin Ferguson.


Ref No. Description Comment Deadline


Add interrogatory question (28.0599 – annual and 17.5099 – quarterly) to General Interrogatories, Part 1 regarding total percent of assets reported on line 1, line 2 and line 5 of the asset page managed by unaffiliated individuals/firms. In addition, add a definition of the word "invested" to annual line 28.0597 and line 28.0598, as well as quarterly line 17.5097 and line 17.5098 to clarify that the intent is invested assets.



For the VM-20 Reserves Supplement, Part 1, match the title under Part 1 to the title used in the blank. Add instructions to clarify the line reporting for the three product group types: term insurance; universal life with secondary guarantees; and all other. Add clarifying column instructions to indicate that the due and deferred premium asset should be reported in accordance with VM-20.



Add Designation column for use with mutual funds to the annual Schedule D, Part 2, Section 2 and modify the instructions to reflect the addition. Modify the instructions for the NAIC Designation and Administrative Symbol column for the quarterly Schedule D, Part 3 and Part 4 to reflect capturing designations for mutual funds.



Remove the reference to "life and fraternal only" in the General Instructions for Schedule BA regarding investments that have the underlying characteristics of bonds or fixed instruments. Also remove the reference from the instructions for Schedule BA regarding the CUSIP Identification column and the NAIC Designation column. Add additional lines to the "Fixed or Variable Interest Rate Investments that Have the Underlying Characteristics of a Bond, Mortgage Loan or Other Fixed Income Instrument" and "Joint Ventures or Partnership Interests for Which the Primary Underlying Investments are Considered to Be Fixed Income Instruments" categories to distinguish between those that have been reviewed and approved by the Securities Valuation Office (SVO) and those that have not. Add interrogatory regarding Schedule BA investments with FE designation acquired prior to 1/1/2019.



Add new instructions and illustration (to be data-captured) to Note 21, Other Items for life policies where the reporting entity is owner and beneficiary or has otherwise obtained rights to control the policy. The new disclosure will be Note 21I for life/fraternal and health and Note 21H for property and title.



Add a reference for structured settlements acquired by a reporting entity as an investment (where the company has acquired the legal right to receive payments) to the Schedule BA General Instructions in the "any other class of assets" definition.



Modify the instructions for Note 20, Fair Value to reflect changes adopted for SSAP No. 100R–Fair Value. These changes reflect disclosure modifications adopted from U.S. generally accepted accounting principles (GAAP) (ASU 2018-13, Changes to the Disclosure Requirements for Fair Value Measurement)The revisions do not change any of the disclosure templates.



Modify the instructions for Note 12, Retirement Plans, Deferred Compensation, Postemployment Benefits and Compensated Absences and Other Postretirement Benefit Plans to reflect changes adopted for SSAP No. 92–Postretirement Benefits Other Than Pensionsand SSAP No. 102– Pensions.



Add a reference to include mortgage-referenced securities in the "U.S. Special Revenue and Special Assessment Obligations and All Non-Guaranteed Obligations of Agencies and Authorities of Governments and Their Political Subdivisions" category in the Investment Schedules General Instructions. Also delete Note 5O, Structured Notes and modify the bond characteristics definition for Schedule D, Part 1.



Add instructions for determining the gain (loss) reported in column 18 and the prepayment penalty and/or acceleration fee amount in column 20 on Schedule D, Parts 4 and 5 for called bonds where consideration received is less than par.



Modify the instructions and table illustrations for Note 5F, Note 5G, Note 5H and Note 5I to reflect changes to SSAP No. 103R–Transfers and Servicing of Financial Assets and Extinguishments of Liabilities. In addition, the presentation of some tables in the illustrations were changed to ensure they would fit on the page.



Add a code for foreign mutual funds to Schedule D, Part 2, Section 2, Column 3. Add instruction for foreign open-end investment funds to be included as mutual funds in the Investment Schedules General Instructions.



Modify the instructions for question 2 of the Supplemental Investment Risks Interrogatories to exclude diversified foreign mutual funds. Add disclosure of top 10 fund managers.



Modify the instructions and illustration for Note 8, Derivatives for disclosures adopted by SSAP No. 108–Derivatives Hedging Variable Annuity Guarantees. Add categories for variable annuity guarantees to the instructions for Schedule DB, Part A and Part B. Add instruction and blank page for Schedule DB, Part E. Modify the instructions for the details of write-in for Line 25 of the asset page, as well as Line 25 and Line 34 of the life/fraternal liability page.



Modify the instructions for the Actual Cost column for Schedule D (Part 1, Part 3, Part 4 and Part 5) and Schedule DA to provide guidance for the amount to enter when bonds are received as a property dividend or capital contribution.



Add new column "YRT Mortality Risk Only" to the Analysis of Operations by Lines of Business (Summary, Individual Life and Group Life) and Analysis of Increase in Reserves During Year (Individual Life and Group Life) blank pages and instructions for yearly-renewable-term reinsurance business where the only risk included is mortality.



Add two new lines for affiliated bank loans to the parent, subsidiaries and affiliates category and modify the existing lines for bank loans to reference unaffiliated for Schedule D, Part 1; Schedule DA; Schedule DL, Parts 1 and 2; and Schedule E, Part 2. The subtotal line for bank loans under the total bond category will be the sum of the affiliated and unaffiliated lines.


Education & Training Events

For annual statement preparation online courses, refer to the NAIC Education & Training Web page.


Media Inquiries
(816) 783-8909

Mary Caswell
Senior Manager – Data Quality
Blanks Working Group 
Financial Reporting

Calvin Ferguson
Senior Insurance Reporting Analyst 
Annual Statement Instructions Publication

Julie Gann
Assistant Director - Solvency Policy

Linda Hunsucker
Senior Insurance Reporting Analyst
State Filing Checklists
Blanks Publication

Please see the current Committee List for a complete list of committee members.

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