international insurer department (iid) - …...history • prior to 2017 - annual filings submitted...

INTERNATIONAL INSURER DEPARTMENT (IID) - NEW FILING SYSTEM

FOR COMPANY FILERS

NEW IID FILING SYSTEMFOR COMPANY FILERS

PRESENTERS

• ANDY DALEO - SR. FINANCIAL ANALYSIS

MANAGER

• BOB SCHUMP – IID PROGRAM MANAGER

• JASON FARR – SR. REINSURANCE & IID

FINANCIAL ANALYST

NEW IID FILING SYSTEMFOR COMPANY FILERS

HISTORY

• PRIOR TO 2017 - ANNUAL FILINGS SUBMITTED AS HARD-COPY PACKAGES WITH FEES PAID BY PAPER CHECKS

• 2017 - ELECTRONIC SUBMISSION OF FILING DOCUMENTS AND FEE PAYMENTS VIA OPTINS

• 2020 - NEW FILING SYSTEM WILL ALLOW EASIER INPUT OF FINANCIAL INFORMATION

NEW IID FILING SYSTEMFOR COMPANY FILERS

BENEFITS OF NEW SYSTEM

• MICROSOFT ACCESS PLATFORM

• ACCOMMODATIONS FOR NON-MICROSOFT USERS

• SYSTEM USED FOR RENEWALS AND APPLICATIONS

• EASILY DOWNLOADED TO INSURER’S COMPUTER

• QUICK AND SIMPLE DATA ENTRY

• AUTOMATED CROSSCHECKING OF DATA

• ELECTRONIC ATTESTATIONS

• SINGLE APPLICATION SOURCE FOR FINANCIAL REPORTING

• UPLOAD CAPABILITIES FOR INVESTMENTS AND REINSURANCE DATA

IID FILING SYSTEM LINKS

NEW IID FILING SYSTEMFOR COMPANY FILERS

• OPTINS AND THE NEW SYSTEM

• THE NEW SYSTEM CONVERTS THE FILING TO EXCEL FORMAT FOR UPLOAD TO OPTINS

• FOLLOWING UPLOAD THE COMPLETED ACCESS DATA REMAINS WITH COMPANY

• OTHER REQUIRED DOCUMENTS (I.E., AUDIT REPORT, LOSS CERTIFICATIONS, AND BIOGRAPHICAL AFFIDAVITS) WILL CONTINUE TO BE UPLOADED AS BEFORE

• PAYMENT OF FEES WILL CONTINUE TO BE PAID THROUGH OPTINS

GETTING STARTED

JURAT

INTERROGATORIES

BALANCE SHEET

INVESTED ASSETS

OTHER ASSETS

OTHER LIABILITIES

INCOME STATEMENT

PREMIUMS AND LOSSES

US PREMIUMS BY STATE

REINSURANCE CEDED

LOSS DEVELOPMENT

CYBER SECURITY DATA

FEDERAL FLOOD

ATTESTATION

TRIA

TRIA

NEW IID FILING SYSTEMFOR COMPANY FILERS

• ANDY DALEO – ADALEO@NAIC.ORG

• BOB SCHUMP – RSCHUMP@NAIC.ORG

• JASON FARR – JFARR@NAIC.ORG