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The mission of the Blanks Working Group is to consider improvements and revisions to the various blanks and to conform
these blanks to changes made in other areas of the NAIC to promote uniformity in reporting of financial information by
insurers; to develop reporting formats for other entities subject to the jurisdiction of state insurance departments; to
conform the various NAIC blanks and instructions to adopted NAIC policy; and to oversee the development of additional
reporting formats within the existing annual statements as needs are identified.
2012 Charges
- 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) to develop reporting formats for other entities subject to the jurisdiction of state insurance departments; 3) to conform the various NAIC blanks and instructions to adopted NAIC policy; and 4) to oversee the development of additional reporting formats within the existing annual statements as needs are identified.
- Continue to monitor state filing checklists to maintain current filing requirements.
- Continue to monitor the quality of financial data filed by insurance companies and recommend improved or additional languages for the Annual Statement Instructions to improve the quality of these filings.
- 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 financial annual statements and/or instructions.
- 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.
- When a class of securities is being reviewed by the Invested Asset (E) Working Group, the chair of Blanks (E) Working Group, or his/her representative, will be deemed a member of the Invested Asset (E) Working Group of the Valuation of Securities (E) Task Force. The chair, or his/her representative, is charged with contributing the applicable perspective and expertise of the regulatory group to the development of NAIC regulatory guidance for the security under review by the Invested Assets (E) Working Group.
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