Financial Regulation

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Accountants, financial analysts, financial examiners, receivers, lawyers and others will find these resource materials helpful. They include handbooks, compliance guides and reports on financial analysis, state audit requirements and receiverships.

• Company Licensing Best Practices Handbook
• Directory of Resources to Assist Receivers of Insolvent Companies -As of 2001
• Financial Analysis Handbooks
• Financial Condition Examiners Handbook
• Guide to Compliance with State Audit Requirements - As of 2004
• Insurance Regulatory Information System (IRIS)
• NAIC Report on Receiverships - As of 1999
• Quarterly Listing of Alien Insurers
• Receivers Handbook for Insurance Company Insolvencies
• Uniform Certificate of Authority Application (UCAA) Manual

Company Licensing Best Practices Handbook
This handbook’s objective is to provide a framework that, while not preempting a state’s authority, promotes consistent decisions while reviewing the standardized Uniform Certificate of Authority Application (UCAA) and helps improve the efficiency of the review process. This handbook is not intended to constitute a comprehensive company licensing procedures manual. Copyright 2005.

Directory of Resources to Assist Receivers of Insolvent Companies - As of 2001
This directory is a comprehensive listing of accountants, actuaries, investment managers, lawyers, reinsurance specialists and general consultants who can help insurance departments administer receiverships. It provides contact names, addresses and a brief company overview for each person/firm listed in the directory. Copyright 2001.

Companion Products
The following companion products provide additional information on the same or similar subject matter. Many customers who purchase Directory of Resources to Assist Receivers of Insolvent Companies also purchase one or more of the following products.

• Receivers Handbook for Insurance Company Insolvencies

Financial Analysis Handbooks
The Financial Analysis Handbooks were developed to help state insurance departments identify companies currently experiencing financial problems, as well as those possessing the greatest potential for developing problems in the future. The information in the handbooks is advisory. It is intended to help state insurance regulators conduct comprehensive, efficient and effective financial examinations, with special attention given to evaluating areas of performance in troubled companies that negatively affect results. Updated annually.

Companion Products
The following companion products provide additional information on the same or similar subject matter. Many customers who purchase Financial Analysis Handbook also purchase one or more of the following products.

• Financial Condition Examiners Handbook
• Framework for Insurance Holding Company Analysis
• Guide to Compliance with State Audit Requirements - As of 2004
• States' Prescribed Differences from NAIC Statutory Accounting Principles

Financial Condition Examiners Handbook
This handbook provides a guide to assist state insurance departments in establishing an effective examination system. It provides an overview of the entire examination process and then offers specific instructions and suggestions for carrying out each individual phase of examination. This handbook is also available on CD-ROM.

Updates to the Financial Condition Examiners Handbook

New orders for hard copy and CD-ROM qualify for a 10% discount.

Companion Products
The following companion products provide additional information on the same or similar subject matter. Many customers who purchase Examiners Financial Condition Handbook also purchase one or more of the following products.

• Financial Analysis Handbook
• Framework for Insurance Holding Company Analysis
• Guide to Compliance with State Audit Requirements - As of 2004
• States' Prescribed Differences from NAIC Statutory Accounting Principles

Guide to Compliance with State Audit Requirements - As of 2004
This publication is a tool to assist insurers, CPAs and other interested parties in complying with the various state filing mandates for annual audited financial reports and related correspondence. It highlights differences in the states' requirements from the NAIC Model Audit Rule Requiring Audited Financial Statements and provides documentation of each state's rules and regulations. This guide also includes a copy of the AICPA's Statement Position 95-4, "Letters to State Insurance Regulators to Comply with the NAIC Model Audit Rule," as well as examples of various required letters and forms. This guide is also available on CD-ROM, providing instantaneous search capabilities powered by NextPage. Copyright 2004.

New orders for hard copy and CD-ROM qualify for a 10% discount.

Companion Products
The following companion products provide additional information on the same or similar subject matter. Many customers who purchase Guide to Compliance also purchase one or more of the following products.

• Accounting Practices and Procedures Manual (AP&P)
• Annual and Quarterly Statement Blanks (Financial)
• Annual and Quarterly Statement Instructions (Financial)
• States' Prescribed Differences from NAIC Statutory Accounting Principles

Insurance Regulatory Information System (IRIS)
IRIS has been used since 1972 to help insurance regulators evaluate the financial condition of insurance companies. More than 5,000 companies file their financial statements with the NAIC each year.

IRIS Ratio Results and Use provides a comprehensive method for screening and analyzing the financial state of insurance companies. It contains both the Ratio Results for the Insurance Regulatory Information System and Using the NAIC Insurance Regulatory System.

Ratio Results for the IRIS is part of the Financial Analysis Solvency Tools (FAST). IRIS includes ratio results for each of the more than 5,000 companies that file with the NAIC every year. An annual subscription to this publication includes the manual and three updates. Updated quarterly.

Using the NAIC IRIS is also part of the Financial Analysis Solvency Tools (FAST). This publication contributes to the goal of providing state insurance departments with an integrated approach to screening and analyzing the financial condition of insurance companies by explaining ratio calculations and providing worksheets and benchmarks that are part of the NAIC's IRIS. Updated annually.

• Profitability by Line by State

NAIC Report on Receiverships - As of 1999
The NAIC Report on Receiverships is a summary of the status of multi-state delinquency proceedings as of Dec. 31, 1998. The report includes the date of the order of conservation, rehabilitation or liquidation; estimated dollar amount of insolvency (if available); insurer's lines of business; status of the delinquency proceedings; and any other pertinent information. Copyright 1999.

Companion Products
The following companion product provides additional information on the same or similar subject matter. Many customers who purchase Insurance Regulatory Information System (IRIS) Ratio Results in 2001 also purchase the following product.

• Receivers Handbook for Insurance Company Insolvencies

Quarterly Listing of Alien Insurers
Includes alien insurers that have fulfilled the criteria in the International Insurers Department Plan of Operation. Currently lists alien companies and Lloyd's syndicates with their city and country of domicile. It also provides information about the trust accounts of all currently listed insurers and includes: location of trust account, minimum required balance or trust account, market value of trust account, whether the account is funded by a letter of credit and the trustee bank contacts with their telephone and fax numbers. Updated quarterly.

Receivers Handbook for Insurance Company Insolvencies
Provides the most current, complete information available on administering insurance company insolvencies. Represents more than two years of work compiling information from more than 50 authorities, including actuaries, accountants and consultants who regularly work on insolvencies. Fully indexed and cross-referenced to make research easy. Chapters discuss takeover and administration; data processing; accounting and financial analysis; investigation and asset recovery; claims; guaranty funds; reinsurance; special receiverships; and legal considerations. Copyright 2003.

Companion Products
The following companion products provide additional information on the same or similar subject matter. Many customers who purchase Receivers Handbook for Insurance Company Insolvencies also purchase one or more of the following products.

• Directory of Resources to Assist Receivers of Insolvent Companies -As of 2001
• International Insurance Solvency Survey

Uniform Certificate of Authority Application (UCAA) Manual
Designed to assist companies in filing a primary application, an expansion application or corporate amendments to the certificate of authority, the UCAA Manual contains all the latest forms, instructions and examples of completed forms. It also includes charts that provide state specific information companies must have to allow them to comply with the filing requirements of each state. Updated annually.

Companion Products
The following companion products provide additional information on the same or similar subject matter. Many customers who purchase UCAA Manual also purchase one or more of the following products.

• Annual and Quarterly Statement Blanks (Financial)
• Annual and Quarterly Statement Instructions (Financial)
• Company Licensing Best Practices Handbook