The RTAS process permits insurance companies and other persons to ascertain the analytical position the SVO would take (or the recommendations it would make to regulators) with respect to credit, and other investment risks embedded in a security and the related regulatory accounting and reporting treatment.For more information, contact the SVO directly at SVOInquiryDesk@naic.org or 212-398-9000
Automated Valuation Service is the NAIC's Valuation of Securities database containing more than 250,000 securities from over 40,000 issuers is available through AVS+.
The VISION system is a valuation of securities online application
This publication is the primary source for insurers to comply with the NAIC's reporting requirements. Contains the NAIC's credit assessment methodologies and valuation policies, and takes precedence over other publications covering a number of categories.
Residential Mortgage Backed Securities (RMBS) and Commercial Mortgage Backed Securities (CMBS) owned by state regulated insurance companies subject to Statement of Statutory Accounting Principles No. 43 Revised - Loan-Backed and Structured Securities.
The VISION system is a valuation of securities Online application critical to state insurance regulators, NAIC staff and insurance companies. VISION is an automated platform that will enable the industry to file their security investments to NAIC staff who will analytically assess credit quality of these securities. The companies will retrieve the NAIC Designations and Unit Prices from the NAIC staff and incorporate them into their regulatory financial filings, so that regulators can review the insurer's portfolio as a part of the financial examination process.
ND Listings Without ATF Check: The listings below represent securities currently assigned ND within the VOS database as of March 12, 2019. All VOS securities assigned ND will be purged from the VOS database on the evening of March 30, 2019 unless an Annual Update has been submitted within the VISION system.
The NAIC's Valuation of Securities database contains more than 250,000 securities from over 40,000 issuers. This wealth of information is at your fingertips with a subscription to the Automated Valuation Service (AVS). AVS is the fastest and most efficient way to obtain crucial information about the securities in your portfolio. Whether you need it for a single security or your entire portfolio, our web-based application gives you the NAIC designation and review date, pricing, SIC code, SVO group code, and market indicator.
AVS users download valuation reports as early as the second business day of the new quarter. AVS users also receive unlimited Help Desk support, access to important information via the AVS Bulletin Board, and prompt, friendly service from the Insurance Data Products team.
Your unlimited access includes:
AVS Notification Service
Our customizable Alert Service will send you a daily e-mail notifying you of changes to only the securities in your portfolio, or to any security in the database. You choose the amount of information you want. Once you receive the e-mail, log in to your AVS account and see the changes immediately.
For technical issues with VISION or AVS+ please contact SecuritiesSupport@naic.org
Qualified U.S. Financial Institutions ("QUSFI")
Financial Institutions interested in applying should click on the link below for the application form or contact the SVO directly at SVOInquiry-FI@naic.org or 212-398-9000 for further information.
NRSRO List to Administer QUSFI List - List of Nationally Recognized Statistical Rating Organizations and Methodology and Criteria Used to Monitor Institutions on the NAIC List of Qualified U.S. Financial Institutions.
ETF Bond List
Valid Designation, Administrative Symbol and Market Indicator Combinations
Use of NAIC Designation Equivalent of NRSRO Sovereign Ratings to Comply with the Disclosure Requirement of Appendix A-001. [.xlsx]
For basic consumer questions: contact your state department of insurance for information about a particular insurance company.
I am a new filer and was wondering if there is any literature about getting started.
How do I get a CUSIP number assigned to a security?
Can multiple CUSIPs for the same issuer be listed on one initial filing form?
I am trying to create an ATF and I get a message telling me that the CUSIP is invalid. However, I checked with CUSIP and have been assured that the CUSIP is valid. What should I do?
If several insurance companies own the same security, who is responsible for reporting the security to the SVO?
Do Certificates of Deposit (CD's) need to be filed?
How can I access Designations for countries?
How often is the pricing data updated on the AVS system?
I have a question relating to financial statement reporting.
When should I use the administrative symbol "Z"?
How do I file a sovereign bond if the sovereign issuer does not have an NRSRO rating?
Where can I find information about the eligibility of money market funds for listing on the U.S. Direct Obligations/Full Faith and Credit Exempt List or the Class 1 List?
Where can I find information about the eligibility of bond mutual funds for listing on the Bond List?
How do I report United States Government Securities in light of the recent FE changes?
Need Help with...?
VISION – SecuritiesSupport@naic.org
AVS+ – SecuritiesSupport@naic.org
QUSFI – SVOInquiry-FI@naic.org
Mutual Funds – SVOInquiry-MF@naic.org
Structured Securities Group (SSG) – SSGInquiryDesk@naic.org
Regulatory Treatment Analysis Service – Linda Phelps at LIPhelps@naic.org
General questions related to the SVO – SVOInquiryDesk@naic.org
General questions related to the NAIC – firstname.lastname@example.org
For Other Issues...
For specific issues or concerns about the SVO's policies or staff please contact:
Charles A. Therriault, Director - CTherriault@NAIC.org
Peter Kelly, Manager – Credit Analysis, email@example.com
Linda Phelps, Manager – Credit Analysis, LIPhelps@naic.org
For Business Technology Issues…
Alexei Tikhomirov, Business Analyst Supervisor – Business Analysis, ATikhomirov@naic.org
General Information and Links