![]() state and six territories, the NAIC is a non-governmental organization that concerns itself with insurance regulatory matters but does not actually regulate. The NAIC is not a regulator while its members are the insurance commissioners (i.e., the chief insurance regulators) of each U.S. Additionally, the NAIC promulgates the NAIC annual statement which incorporates SAP and must be filed with the department of insurance in every state in which an insurance company writes business. SAP is often contrasted with Generally Accepted Accounting Principles (GAAP) and is notable for its very conservative valuation methods. ![]() ![]() The NAIC also is responsible for creating the statutory accounting principles (SAP) upon which insurance accounting is based. The NAIC also acts at the national level to advance laws and policies supported by state insurance regulators. Each state decides whether to pass each NAIC model law or regulation, and each state may make changes in the enactment process, but the models are widely, albeit somewhat irregularly, adopted. The NAIC acts as a forum for the creation of model laws and regulations. The NAIC is an Internal Revenue Code Section 501(c)(3) non-profit organization. NAIC members, together with the central resources of the NAIC, form the national system of state-based insurance regulation in the U.S. NAIC staff supports these efforts and represents the collective views of state regulators domestically and internationally. Through the NAIC, state insurance regulators establish standards and best practices, conduct peer review, and coordinate their regulatory oversight. To follow the Market Conduct Annual Statement Blanks (D) Working Group and their discussions related to the content of MCAS lines of business, visit their webpage. The Market Conduct Annual Statement Blanks (D) Working Group (MCAS Blanks WG) is responsible for the MCAS content and defining the data that is collected. To follow the Market Analysis Procedures (D) Working Group and their discussions related to new MCAS lines of business, visit their webpage. The Market Analysis Procedures (D) Working Group (MAPWG) is responsible for identifying new MCAS lines of business and promoting uniform analysis by applying consistent measurements and comparisons of MCAS data provided by companies. For the 2023 data year, MCAS data is collected for the following lines of business: Companies report their data to each jurisdiction through the NAIC's on-line MCAS application. (Located at the top of the page under the MCAS header)Īny questions not addressed by the documents located on this page can be sent to either provides market regulators with market conduct information not otherwise available for their market analysis initiatives. Participating Jurisdictions Contacts and Scorecards – Provides state MCAS contact information and links to scorecard reports produced each year to show jurisdiction-wide ratio calculations and the distribution of ratios for all companies filing an MCAS in a given jurisdiction.Market Conduct Contact, MCAS Administrator, and MCAS Contact.FAQ (Frequently Asked Questions) - Contains both technical and definitional information not located in the other Help documents (Located just under the MCAS "Log In" icon) You will find answers to questions regarding:.Scorecard Ratio Formulas – Listing of standard scorecard ratios calculated for each MCAS lines of business. ![]() CSV Assistant Files – Templates to assist in the creation of CSV data files.CSV Assistant Instructions – Guidance for using the CSV Assistance Files.CSV Data Upload Instructions – Layout guidelines for preparing a CSV file for uploading to the MCAS application (The use of a CSV file is not required.).MCAS User Guide – Information about how to use the MCAS application and a listing of data validations used within the application.Data Call and Definitions (Instructions) – Listing of MCAS data elements and definitions to follow when preparing data for submission.Data Collection Worksheets (Blanks) – Table layout representation of the required data elements.Participation Requirements – Detailed information to assist in determining if your company is required to submit MCAS data.
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