In 2016, the Statutory Accounting Principles (E) Working Group adopted revisions to SSAP No. 97—Subsidiary, Controlled and Affiliated Entities to incorporate information on the filing of SCAs with the NAIC. Historically, this filing guidance has been included within the Purposes and Procedures Manual of the NAIC Investment Analysis Office. With the placement change of the filing guidance into SSAP No. 97, the Working Group also adopted revisions to clarify the guidance, as well as incorporate exclusions to the filing guidance.
The SCA Filing Process memorandum intends to communicate the updated filing instructions and SCA filing exclusions with all states. This memorandum is also being provided to reporting entities with SCAs. Questions on the SCA filing guidance can be directed to NAIC staff support, Fatima Sediqzad.
SCA Valuation and Accounting Policy Advisor