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Carolinas Chapter IASA Carolinas IASA Carolinas IASA - PDF document

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


  1. 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

  2. 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

  3. 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

  4. 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

  5. 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

  6. 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

  7. 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

  8. 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

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