Carolinas Chapter IASA ������������ Carolinas IASA Carolinas IASA August 21, 2014 August 21, 2014 Connie Jasper Woodroof Connie Jasper Woodroof StoneRiver, NAIC Liaison StoneRiver, NAIC Liaison Proprietary 2014 StoneRiver, Inc. Proprietary 2014 StoneRiver, Inc. ������ ������ • 2014 Annual Statement • 2014 RBC • Accounting Update Proprietary 2014 StoneRiver, Inc. ��������������������� Proprietary 2014 StoneRiver, Inc. Proprietary 2014 StoneRiver, Inc. StoneRiver, Inc. 1
Carolinas Chapter IASA ���������������������������� ���������������������������� Proprietary 2014 StoneRiver, Inc. ���������������������� ���������������������� • Working Capital Finance Investments (5I) • Aggregate disclosure by NAIC designation • Gross assets • Nonadmitted asset amounts • Net admitted asset amounts • Aggregate maturity distribution • Defaults during reporting period • From adoption of SSAP No. 105 Proprietary 2014 StoneRiver, Inc. ���������������������� ���������������������� Proprietary 2014 StoneRiver, Inc. StoneRiver, Inc. 2
Carolinas Chapter IASA ������������������������ ������������������������ • FHLB • Description of agreement • Data-captured tables designed to disclose • Amount of capital stock owned by class • Stock eligible for redemption • Collateral pledged • Aggregate amount of borrowings • Maximum aggregate amount of borrowings • Are current borrowings subject to prepayment penalties Proprietary 2014 StoneRiver, Inc. ������������������������ ������������������������ • Additional disclosure for multiemployer plans • Has funding improvement or rehabilitation plan been implement or is pending • Did reporting entity pay surcharge to plan • Description of minimum contributions required for future • Qualitative description of possible obligation, including benefits earned by other employer Proprietary 2014 StoneRiver, Inc. ���������������������� ���������������������� • Move Joint and Several Liabilities disclosure from Note 21 to Note 14 • Note 14 renamed to Liabilities, Contingencies and Assessments Proprietary 2014 StoneRiver, Inc. StoneRiver, Inc. 3
Carolinas Chapter IASA ����������������������� ����������������������� • Modification of PY Affordable Care Act (ACA) assessment information. Proprietary 2014 StoneRiver, Inc. ������������������������ ������������������������ • Risk sharing provisions of the Affordable Care Act (ACA) • “Balance” disclosure in annual and quarterly beginning 1 st quarter 2014 • “Roll-forward” disclosure in annual and quarterly beginning annual 2014 Proprietary 2014 StoneRiver, Inc. �������������!������ �������������!������ • Instructional clarification of NAIC Company Code, Alien Insurer Identification Number (AIIN), Pool/Association Number and Certified Reinsurer Number (CRIN) • Which entities are assigned which numbers • NAIC Contact information for obtaining numbers Proprietary 2014 StoneRiver, Inc. StoneRiver, Inc. 4
Carolinas Chapter IASA ��!������"�# $������������� ��!������"�# $������������� • Columnar heading change • Federal ID Number now ID Number • Enter appropriate identification number • Federal Employers Identification Number (FEIN) • Alien Insurer Identification Number (AIIN) • Certified Reinsurer Identification (CRIN) Proprietary 2014 StoneRiver, Inc. ������� ������� • General Interrogatories – Part 1 • Is the reporting entity a member of an Insurance Holding Company System consisting of two or more affiliated persons, one or more of which is an insurer? • If yes, complete Schedule Y • If no, not necessary to complete Schedule Y Proprietary 2014 StoneRiver, Inc. ��%����������!�������# ������������ ��%����������!�������# ������������ Proprietary 2014 StoneRiver, Inc. StoneRiver, Inc. 5
Carolinas Chapter IASA ��%����������!������ ��%����������!������ • Schedules A, B, BA • Add postal code electronic column • Schedule A – location of real estate • Schedule B – location of real estate securing mortgage loans • Schedule BA – location of properties for investments having the underlying characteristics of real estate and/or mortgage loans • If multiple properties, list all zips from highest to lowest in property value Proprietary 2014 StoneRiver, Inc. ��%����������!������ ��%����������!������ • Schedules A, B, BA • Property type electronic column • Primary use of property OF – Office RT – Retail MU – Apartment/Multifamily IN – Industrial HC – Medical/Health Care MX – Mixed use LO – Lodging OT - Other Proprietary 2014 StoneRiver, Inc. ��%����������!������ ��%����������!������ • Schedule A, B, BA • State column now accepts 3-character country code • Schedules B, BA • Maturity date electronic column • Mortgage loans and those investments having the underlying characteristics of mortgage loans • State date mortgage loan matures Proprietary 2014 StoneRiver, Inc. StoneRiver, Inc. 6
Carolinas Chapter IASA ��������������������������&'!�(�� ��������������������������&'!�(�� • New format for Part 2 – Officers and Employees Listing still for top 10 employees/officers, but now must include PEO, PFO; next 3 most highly compensated executive employees if >$100,000; next 5 most highly compensated employees if >$100,000. Proprietary 2014 StoneRiver, Inc. ��������������������������&'!�(�� ��������������������������&'!�(�� • New format for Part 3 – Directors Applies to all Directors Proprietary 2014 StoneRiver, Inc. ��������������������������&'!�(�� ��������������������������&'!�(�� New Part 4 – Narrative Description of Material Factors • Provide a narrative description of any material factors necessary to gain an understanding of the information disclosed in the tables. Proprietary 2014 StoneRiver, Inc. StoneRiver, Inc. 7
Carolinas Chapter IASA )�*�������������� )�*�������������� • Exhibit 5 • Modified definition of contingent deferred annuities (CDA) in instructions • Actuarial Opinion • Actuary must be appointed directly by, or by the authority of, Board of Directors; and report to Board or Audit Committee • Actuary must meet certain qualifications • Opinion must follow guidelines and standards • Each company filing an annual statement Proprietary 2014 StoneRiver, Inc. )�*��������������� )�*��������������� • Asset Valuation Reserve (AVR) • New format for calculating mortgage loan and underlying characteristics of mortgage loan portion of AVR • Utilized RBC mortgage loan division and treatment • Supplemental Exhibits & Schedules Interrogatories • Will Regulatory Asset Adequacy Issues Summary be filed with state by March 15 • Will Actuarial Memorandum required by Actuarial Guidelines be filed with state by April 30 Proprietary 2014 StoneRiver, Inc. )�*+���������������*����! )�*+���������������*����! General Interrogatories – Part 2 Are any of the captive affiliates reported on Schedule S, Part 3 as authorized reinsurers? Yes [ ] No [ ] If the answer to 28.1 is yes, please provide the following: 1 2 3 4 Assets Supporting Reserve Credit 5 6 7 NAIC Domiciliary Company Name Company Code Jurisdiction Reserve Credit Letters of Credit Trust Agreements Other Proprietary 2014 StoneRiver, Inc. StoneRiver, Inc. 8
Recommend
More recommend