INTERNATIONAL INSURER DEPARTMENT (IID) - NEW FILING SYSTEM FOR - - PowerPoint PPT Presentation

INTERNATIONAL INSURER DEPARTMENT (IID) - NEW FILING SYSTEM

FOR COMPANY FILERS

NEW IID FILING SYSTEM FOR COMPANY FILERS

PRESENTERS

• ANDY DALEO - SR. FINANCIAL ANALYSIS

MANAGER

• BOB SCHUMP – IID PROGRAM MANAGER
• JASON FARR – SR. REINSURANCE & IID

FINANCIAL ANALYST

NEW IID FILING SYSTEM FOR 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 SYSTEM FOR 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 SYSTEM FOR 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 SYSTEM FOR COMPANY FILERS

• ANDY DALEO – ADALEO@NAIC.ORG
• BOB SCHUMP – RSCHUMP@NAIC.ORG
• JASON FARR – JFARR@NAIC.ORG