I know! I know! You haven’t even completed your statutory annual filings yet. I fully understand. But you don’t have a lot of time after the annual filings to start on your quarterly filings. Wouldn’t you rather know what quarterly statement changes you will be facing now, rather than at the last minute? That is what I thought! Let’s get you prepared for that first quarter.
There are some changes to the NAIC’s official cash flow instructions. A new line, B10, has been added to the bond section of the investments worksheet, with the remainder of the lines in that section being renumbered. The change is needed to accommodate the new line that was added to the Schedule D – Verification Between Years for the reporting of investment income recognized because of prepayment penalties and/or acceleration fees. For the cash flow, report any cash amount that might be included on the new line in the Schedule D – Verification.
Financial clients can read the entire article on Lifeline.