Sometime Disclosures

I started collecting a list of things that you sometimes have to disclose, but only when you meet certain criteria. Any others that I missed?



Structured Settlements: Name of each insurer with annuities in excess of 1% of surplus

Source: SSAP 65 / Notes to Fin Statement – Structured Settlements





Insurers that don’t provide collateral, if recoverables exceed 3% of surplus

Source: Notes to Financial Statements/Reinsurance/Unsecured Reinsurance Recoverables





Identify any cessions of >75% of direct premium (could be a fronting carrier). Exemptions:

i. Intercompany cessions

ii. Cessions to a pool/group that underwrites jointly, which is overseen by some state

iii. Gross annual premium is less than 5% of surplus

iv. Cessions to captive insurers, which are regulated in their domiciliary state

Source: Schedule F, Ceded Reinsurance





If direct premiums written through MGAs/TPAs exceed 5% of surplus, disclose

• Name, FEIN

• Whether the party holds an exclusive contract

• Types of business written

• Type of authority granted

• Total premium written

Source: SSAP 53: MGA/TPA premiums





Finite reinsurance: Answer if ceded reinsurance resulted in a gain/loss >5% of prior surplus, or ceded premiums/reserves >5% of surplus (and was accounted for as reinsurance, and had one of certain other features)

Source: General Interrogatories

Sometime Disclosures