Sec. 38a-53a. Annual statement convention blank filing with the National Association of Insurance Commissioners. Financial statements and other information filing with the National Association of Insu
Sec. 38a-53a. Annual statement convention blank filing with the National Association of Insurance Commissioners. Financial statements and other information
filing with the National Association of Insurance Commissioners. Each domestic,
foreign and alien insurer authorized to transact insurance in this state shall annually on
or before March first of each year, file electronically with the National Association of
Insurance Commissioners a copy of its annual statement convention blank, along with
such additional filings as prescribed by the commissioner for the preceding year. The
information filed with the National Association of Insurance Commissioners shall include additional filings as prescribed by the commissioner and shall include the signed
jurat page and the actuarial certification. Any amendments and addendums to the annual
statement or other financial statements subsequently filed with the commissioner shall
also be filed with the National Association of Insurance Commissioners. Foreign insurers that are domiciled in a state that has a law substantially similar to the provisions of
this section shall be deemed in compliance with this section. Upon written application
of any insurer domiciled in this state that transacts no insurance business in another
state, the commissioner may grant an exemption from compliance with this section if
compliance would constitute a financial or organizational hardship upon the insurer.
All financial analysis ratios and examination synopses concerning insurance companies
that are submitted to the Insurance Department by the National Association of Insurance
Commissioners are confidential and may not be disclosed or otherwise made public by
the department.
(P.A. 92-112, S. 5; P.A. 95-168, S. 8; P.A. 01-139, S. 2; P.A. 03-199, S. 2.)
History: P.A. 95-168 required that all financial statements filed subsequently to annual statement be filed with the
National Association of Insurance Commissioners and required insurers to file, in diskette form, any information prepared
in accordance with guidelines required by the insurance commissioner with the National Association of Insurance Commissioners; P.A. 01-139 required electronic filings and substituted "that" for "which"; P.A. 03-199 substituted "include additional filings as prescribed" for "be in the same format and scope as that required" re filings, deleted requirement that
insurer also file a copy in electronic form, and deleted reference to the National Association of Insurance Commissioners'
Insurance Regulatory Information System.