NAIC BLANKS (E) WORKING GROUP

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1 BLANKS (E) WORKING GROUP Blanks Agenda Item Submission Form CONTACT PERSON: TELEPHONE: ADDRESS: ON BEHALF OF: NAME: Kim Hudson DATE: 01/06/2016 FOR USE ONLY Agenda Item # BWG Year 2016 Changes to Existing Reporting [ X ] New Reporting Requirement [ ] REVIEWED FOR ACCOUNTING PRACTICES AND PROCEDURES IMPACT No Impact [ X ] Modifies Required Disclosure [ ] DISPOSITION TITLE: AFFILIATION: ADDRESS: California Department of Insurance 300 South Spring St. Los Angeles, CA [ ] Rejected For Public Comment [ ] Referred To Another Group [ ] Received For Public Comment [ X ] Adopted Date 06/16/2016 [ ] Rejected Date [ ] Deferred Date [ ] Other (Specify) BLANK(S) TO WHICH PROPOSAL APPLIES [ X ] ANNUAL STATEMENT [ X ] QUARTERLY STATEMENT [ X ] INSTRUCTIONS [ ] CROSSCHECKS [ X ] BLANK [ X ] Life and Accident & Health [ X ] Property/Casualty [ X ] Health [ ] Separate Accounts [ X ] Fraternal [ X ] Title [ ] Other Specify Anticipated Effective Date: Annual 2016 IDENTIFICATION OF ITEM(S) TO CHANGE Add a column to Schedule Y, Part 1A to identify Subsidiary, Controlled and Affiliates (SCAs) where a SUB 1 (initial) or SUB 2 (annual) filing is required and add an electronic only column for LEI (Legal Entity Identifier). Add a column to Schedule D, Part 6, Section 1 to identify the amount nonadmitted and separate Column 4 into two columns ( Company Code & Id Number). REASON, JUSTIFICATION FOR AND/OR BENEFIT OF CHANGE** These columns are being added to Schedule Y, Part 1A and Schedule D, Part 6, Section 1 to aid in the verification that the SCA SUB 1 or SUB 2 filing requirements are met as required per SSAP No. 97 Investments in Subsidiary, Controlled and Affiliated Entities; and Purposes and Procedures Manual of the Investment Analysis Office Part Five, Section 2. Comment on Effective Reporting Date: Other Comments: STAFF COMMENTS ** This section must be completed on all forms. Revised 6/13/ National Association of Insurance Commissioners 25

2 ANNUAL AND QUARTERLY STATEMENT INSTRUCTIONS LIFE, HEALTH, PROPERTY, FRATERNAL & TITLE SCHEDULE Y PART 1A DETAIL OF INSURANCE HOLDING COMPANY SYSTEM All insurer and reporting entity members of the holding company system shall prepare a schedule for inclusion in each of the individual annual statements that is common for the group with the exception of Column 10, Relationship to Reporting Entity. Detail Eliminated To Conserve Space Column 14 Ultimate Controlling Entity(ies)/Person(s) Name of the Ultimate Controlling Entity(ies)/Person(s). As defined in the Insurance Holding Company System Model Regulation (#450), the ultimate controlling person is defined as that person which is not controlled by any other person. Column 15 Is an SCA Filing Required? (Y/N) Column 1516 * ** Column 17 will be electronic only. ** Answer yes (Y) or no (N) if a SCA (Subsidiary, Controlled and Affiliated) SUB 1 (initial)or SUB 2 (annual) filing with the is required per SSAP No. 97 Investments in Subsidiary, Controlled and Affiliated Entities; and Purposes and Procedures Manual of the Investment Analysis Office Part Five, Section 2 for the entity in Column 8 Using the footnote lines at the bottom of the schedule, provide any footnotes or explanations of intercompany relationships. Insert the footnote line number in Column 15. Where interrelationships are a 50%/50% ownership, footnote any voting rights preferences that one of the entities may have. Column 17 Legal Entity Identifier (LEI) Provide the 20-character Legal Entity Identifier (LEI) for any issuer as assigned by a designated Local Operating Unit. If no LEI number has been assigned, leave blank National Association of Insurance Commissioners 26

3 ANNUAL STATEMENT INSTRUCTIONS LIFE, HEALTH, PROPERTY, FRATERNAL & TITLE SCHEDULE D PART 6 SECTION 1 VALUATION OF SHARES OF SUBSIDIARY, CONTROLLED OR AFFILIATED COMPANIES Detail Eliminated To Conserve Space Column 3 Foreign Insert the appropriate code in the column based on the matrix provided in the Investment Schedules General Instructions. Column 4 Company Code Column 5 ID Number If not applicable, the Company Code field should be zero-filled. Enter one of the following as appropriate for the entity being reported on the schedule. See the Schedule F (Property and Title) or Schedule S (Life, Health and Fraternal) General Instructions for more information on these identification numbers. Federal Employer Identification Number (FEIN) Alien Insurer Identification Number (AIIN) * Certified Reinsurer Identification Number (CRIN) * * AIINs or CRINs are only reported if the entity is a reinsurer that has had an AIIN or CRIN number assigned or should have one assigned due to transactions being reported on Schedule F (Property and Title) or Schedule S (Life, Health and Fraternal) of another reporting entity. If not applicable for the entity, leave blank. Column 56 Valuation Method Include the valuation method as detailed in Part Five, Section 2 of the Purposes and Procedures Manual of the Investment Analysis Office. Use the following codes to indicate a specific valuation method: CODE 2ciA1 2ciB1 2ciB2 2ciB3 2ciB4 2ciB5 2ciB6 Valuation Method Market Value Investment in US Insurance Company SCAs Investments in non-insurance SCA Entities Statutory Basis Investments in non-insurance SCA Entities GAAP Basis Investments in Foreign Insurance Company SCA Entities Investments in Foreign non-insurance SCA Entities Investments in Preferred Stock of an SCA Any Valuation Method which has not been approved by the filing of a SUB 1 form with the Securities Valuation Office and which is entered by the reporting entity under its own judgment shall have the letter Z appended to the method designation National Association of Insurance Commissioners 27

4 Column 67 Do Insurer s Assets Include Intangible Assets Connected with Holding of Such Company s Stock? State whether the assets shown by the reporting entity in this statement include, through the carrying value of stock of the SCA Company valued under the Purposes and Procedures Manual of the Investment Analysis Office, intangible assets arising out of the purchase of such stock by the reporting entity or the purchase by the SCA Company of the stock of a lower-tier company controlled by the SCA Company. For purposes of this question, intangible assets at purchase shall be defined as the excess of the purchase price over the tangible net worth (total assets less intangible assets and total liabilities) represented by such shares as recorded, immediately prior to the date of purchase, on the books of the company whose stock was purchased. Column 78 Total Amount of Such Intangible Assets If the answer in Column 6 is Yes, give the total amount of intangible assets involved whether admitted or nonadmitted. The intangible assets shown for the SCA Company should include any intangible assets that are included in the SCA Company s carrying value of the stock of one or more lower-tier companies controlled by the SCA Company. In all cases, the current intangible assets equal the intangible assets at purchase, as defined above, minus any write-off thereof between the date of purchase and the statement date. If any portion of the total amount of intangible assets is required to be nonadmitted for all SCA companies combined in accordance with SSAP No. 97, Investments in Subsidiary, Controlled, and Affiliated Entities and SSAP No. 68, Business Combinations and Goodwill, state the total amount nonadmitted in the footnote at the bottom of the this section of the schedule. Column 10 Nonadmitted Amount Provide the amount nonadmitted, if any, included in Column 2 of the Asset page. Column 911 Stock of Such Company Owned by Insurer on Statement Date Number of Shares and Column 1012 Stock of Such Company Owned by Insurer on Statement Date % of Outstanding State the number of shares of stock of the SCA Company owned by the reporting entity on the statement date and the percent owned of the outstanding shares of the same class. ** Column will be electronic only. ** } Column 1113 Legal Entity Identifier (LEI) Provide the 20-character Legal Entity Identifier (LEI) for any issuer as assigned by a designated Local Operating Unit. If no LEI number has been assigned, leave blank National Association of Insurance Commissioners 28

5 ANNUAL AND QUARTERLY STATEMENT BLANK LIFE, HEALTH, PROPERTY, FRATERNAL & TITLE SCHEDULE Y PART 1A DETAIL OF INSURANCE HOLDING COMPANY SYSTEM 1 Group Code Group Name Company Code ID Number Federal RSSD CIK Name of Securities Exchange if Publicly Traded (U.S. or International) 8 Names of Parent, Subsidiaries Or Affiliates Domiciliary Location 10 Relationship to Reporting Entity 11 Directly Controlled by (Name of Entity/Person) Asterisk Explanation 2016 National Association of Insurance Commissioners Type of Control (Ownership, Board, Management, Attorney-in-Fact, Influence, Other) If Control is Ownership Provide Percentage Ultimate Controlling Entity(ies)/Person(s) Is an SCA Filing Required? (Y/N) *

6 ANNUAL STATEMENT BLANK LIFE, HEALTH, PROPERTY, FRATERNAL & TITLE SCHEDULE D PART 6 SECTION 1 Valuation of Shares of Subsidiary, Controlled or Affiliated Companies 1 CUSIP Identification Description Name of Subsidiary, Controlled or Affiliated Company Foreign 4 Company Code or Alien Insurer Identification Number ID Number Valuation Method (See Purposes and Procedures Manual of the Investment Analysis Office) 67 Do Insurer's Assets Include Intangible Assets Connected with Holding of Such Company's Stock? Total Amount of Such Intangible Assets Book / Adjusted Carrying Value 10 Nonadmitted Amount Stock of Such Company Owned by Insurer on Statement Date Number of Shares % of Outstanding Totals XXX XXX 1. Amount of insurer s capital and surplus from the prior period s statutory statement reduced by any admitted EDP, goodwill and net deferred tax assets included therein: $ Total amount of intangible assets nonadmitted $... W:\QA\BlanksProposals\ BWG.doc 2016 National Association of Insurance Commissioners 30