TITLE COMPANIES

REQUIRED FILINGS IN VIRGINIA                                                                             ...
NOTES AND INSTRUCTIONS (A-K APPLY TO ALL FILINGS)
             A       Required Filings Contact Person:                   ...
related to investment schedule detail and
                                                                                ...
General Instructions
                                                  For Companies to Use Checklist
                    ...
Upcoming SlideShare
Loading in …5
×

For Companies to Use Checklist.doc

421 views

Published on

Published in: Economy & Finance, Business
0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total views
421
On SlideShare
0
From Embeds
0
Number of Embeds
2
Actions
Shares
0
Downloads
5
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide

For Companies to Use Checklist.doc

  1. 1. TITLE COMPANIES REQUIRED FILINGS IN VIRGINIA Filings Made During the Year 2004 NOTICE: THE FOLLOWING REPRESENTS, IN GENERAL, THE ANNUAL RENEWAL AND RELATED FILINGS REQUIRED IN VIRGINIA. EACH LICENSED COMPANY IS SENT SPECIFIC FILING INSTRUCTIONS BY LETTER IN DECEMBER. (1) (2) (3) (4) (5) (6) (7) Check- Line REQUIRED FILING FOR THE ABOVE STATE NUMBER OF COPIES DUE DATE FORM APPLICABLE List # Domestic Foreign SOURCE NOTES State NAIC State I. NAIC FINANCIAL STATEMENTS 1 Annual Statement (8 ½” x 14”) 1 1 1 3/1 NAIC A,B,E,F,G,H,I,J,K,M 1.1 Printed Investment Schedule detail (Pages E01 – E26) 1 1 1 3/1 NAIC A,B,E,F,J,K,M,O 2 Quarterly Financial Statement (8 ½” x 14”) 1 1 1 5/15, 8/15, 11/15 NAIC A,B,E,F,G,H,I,J,K,P II. NAIC SUPPLEMENTS 11 Investment Risks Interrogatories 1 1 1 4/1 NAIC A,B,E,F,J,K,M 12 Management Discussion & Analysis 1 1 1 4/1 Company A,B,E,F,J,K,O,Q 13 Schedule SIS 1 N/A N/A 3/1 NAIC A,B,E,F,J,K,M 14 Statement of Actuarial Opinion 1 1 1 3/1 Company A,B,E,F,G,I,J,K,O 15 Supplemental Compensation Exhibit 1 N/A N/A 3/1 NAIC A,B,E,F,J,K 16 Supplemental Schedule of Business Written By Agency 1 1 N/A 4/1 NAIC A,B,E,F,J,K 17 SVO Compliance Certification 1 1 1 3/1, 5/15, 8/15, 11/15 NAIC A,B,E,F,I,J,K,O III ELECTRONIC FILING REQUIREMENTS 30 Annual Statement Electronic Filing N/A 1 N/A 3/1 NAIC 31 March .PDF Filing N/A 1 N/A 3/1 NAIC 34 Supplemental Electronic Filing N/A 1 N/A 4/1 NAIC 35 Supplemental .PDF Filing N/A 1 N/A 4/1 NAIC 37 Quarterly Electronic Filing N/A 1 N/A 5/15, 8/15, 11/15 NAIC 38 Quarterly .PDF Filing N/A 1 N/A 5/15, 8/15, 11/15 NAIC 33 June .PDF Filing N/A 1 N/A 6/1 NAIC IV. AUDITED FINANCIAL STATEMENTS 51 Accountants Letter of Qualifications 1 N/A 1 6/1 or 6/30 Company A,B,E,F,J,O,R 52 Audited Financial Statements 1 1 1 6/1 or 6/30 Company A,B,E,F,J,K,O,Q,R 53 Audited Financial Statements Exemption Affidavit 1 N/A 1 3/1 Company A,B,E,F,J,O,R 54 Independent CPA Designation 1 N/A 1 Within 5 business Company A,B,E,F,J,O,R days of change 55 Notification of Adverse Financial Condition 1 N/A 1 Within 5 business Company A,B,E,F,O,R days of receipt 56 Report of Significant Deficiencies in Internal Controls 1 N/A 1 6/1 or 6/30 Company A,B,E,F,O,R 57 Request for Exemption to File 1 N/A 1 3/1 Company A,B,E,J,O,R V. STATE REQUIRED FILINGS 101 Filings Checklist (with Column 1 completed) N/A 1 N/A 3/1 State XXXX 102 State Filing Fees N/A N/A N/A XXXX 103 Affidavit of Filing N/A N/A N/A L 104 Analysis of Excess Capital and Surplus Investments Report 1 N/A N/A 3/1, 5/15, 8/15, 11/15 State A,B,E,F,J,U 105 Application for Renewal of License 1 N/A 1 3/1 State A,B,E,F,J 106 Certificate of Compliance N/A N/A 1 3/1 Dom. A,B,E,J,O,S State 107 Certificate of Deposit N/A N/A 1 3/1 Dom. A,B,E,J,O,T State 108 Insurance Holding Company System Annual Reg. Stmt. 1 N/A N/A 4/30 Company A,B,E,F,J,V 109 Premium Tax/Assessment Filings: 1 N/A 1 3/1 State See Note D SEPARATE FILING—DIFFERENT ADDRESS 110 Producer-Controlled Insurer Report 1 N/A 1 3/1 State A,B,E,F,J,N 111 Report of Assets Pledged, Hypothecated or Encumbered 1 N/A N/A 3/1 State A,B,E,F,J [Form R10] [Form R11] 112 Request for Information Regarding RIs 1 N/A N/A 3/1 State A,B,E,F,J VA Title 2003 (due 2004) checklist (11/13/03) Page 1
  2. 2. NOTES AND INSTRUCTIONS (A-K APPLY TO ALL FILINGS) A Required Filings Contact Person: Karen Traylor: 804-371-9908; ktraylor@scc.state.va.us B Annual Statement and Related Filings Mailing Address: Annual Statement and Related Filings State Corporation Commission Courier Delivery: Bureau of Insurance State Corporation Commission Financial Regulation Division Bureau of Insurance, Financial P.O. Box 1157 Regulation Division Richmond, VA 23218 1st Floor Mailroom 1300 East Main Street Richmond, VA 23219 C Mailing Address for Filing Fees: N/A D Information for Premium Tax/Assessments Filings: Contact Administrative Tax Division, www.state.va.us/scc/division/boi/webpages/boiinstaxinsurancecoinfo.htm 804-371-9096, with any questions. The tax packet is a SEPARATE filing and SHOULD NOT be submitted with the Annual Statement and its related filings. Premium Tax/Assessment Filings Mailing Address: Premium Tax Packet Courier Delivery: Bureau of Insurance Tax Unit First Union National Bank c/o First Union National Bank Lockbox Department P.O. Box 85170 4340 Innslake Drive Richmond, VA 23285-5170 Glen Allen, VA 23060 E Delivery Instructions: All filings must be postmarked no later than the indicated due date. If the due date falls on a weekend or holiday, then the postmark deadline is extended to the next business day. F Late Filings: Late filings are subject to penalties pursuant to § 38.2-218 of the Code of Virginia. G Original Signatures: A printer’s reproduction of “live” signatures is acceptable. H Signature/Notarization/Certification: Statements must be signed by at least two principal officers of the company. I Amended Filings: Any signature requirements for the original filing must be followed for amendments. J Exceptions from normal filings: Exemptions or extensions are not automatically granted to any company. Requests must be made prior to the filing due date. K Bar Codes (State or NAIC) NAIC Annual Statement Instructions should be followed. L Affidavit of Filing and Financial Statement Attestation N/A M NONE Filings: NAIC Annual Statement Instructions for Supplemental Interrogatories should be followed. N Filings new, discontinued, or modified materially since last year: The Producer-Controlled Insurer Virginia specific forms may be found on the Bureau’s website at http:// Report is required for Virginia domestic www.state.va.us/scc/division/boi/webpages/boinaicchecklist.htm companies and foreign companies domiciled in non-accredited states as of 12/31/03 in accordance with Administrative Letter 2003-8. O Foreign Company Filing Requirements: All items filed should include the Company’s NAIC Group Number along with the Company Code. ---------------------------------------------------------------------------------- The Bureau of Insurance does not follow the NAIC Annual Statement Instructions VA Title 2003 (due 2004) checklist (11/13/03) Page 2
  3. 3. related to investment schedule detail and certain supplements. Certain items that are captured on the NAIC database are required to be submitted in hard copy format from foreign insurers even if this information is filed with the domiliciary state and the NAIC. P Quarterly Financial Statements: Required of any company that has been previously notified by the Bureau of Insurance to file quarterly statements in Virginia. Q Consolidated Basis Filings: If filings are prepared on a consolidated MD&A-may be submitted on a consolidated basis in accordance with basis, a separate copy must be filed for NAIC Annual Statement Instructions. each insurer licensed in Virginia. R Audited Financial Statements: File in accordance with 14 VAC 5-270 of the Virginia Administrative Code. S Certificate of Compliance: Must be an original with seal and have been issued within 3 months of the date filed. T Certificate of Deposit: Required for all insurers not having a deposit with the Treasurer of Virginia. U Analysis of Excess Capital and Surplus Investments Report: Required of Virginia domestics and foreign and alien companies whose domiciliary jurisdictions do not regulate investments in accordance with § 38.2-1400 of the Code of Virginia. V Holding Company/Form B Filings: File in accordance with 14 VAC 5-260-60 of the Virginia Administrative Code and § 38.2-1329 of the Code of Virginia. VA Title 2003 (due 2004) checklist (11/13/03) Page 3
  4. 4. General Instructions For Companies to Use Checklist VIRGINIA Please Note: This checklist represents, IN GENERAL, the annual renewal and related filings required in Virginia. Each licensed company is sent specific filing instructions by letter in December. The NAIC will send mailing labels and other information to all companies but will not be sending their own checklist this year. Electronic filing is intended to include filing via the Internet or filing via diskette with the NAIC. Companies that file with the NAIC via the Internet are not required to submit diskettes to the NAIC. Column (1) (Checklist) Companies may use the checklist to submit to a state, if the state requests it. Companies should copy the checklist and place an “x” in this column when mailing information to the state. Virginia does not request the checklist. Column (2) (Line #) Line # refers to a standard filing number used for easy reference. This line number may change from year to year. Column (3) (Required Filings) Name of item or form to be filed. The Annual Statement Electronic Filing includes the annual statement data and all supplements due March 1, per the Annual Statement Instructions. This includes all detail investment schedules and other supplements for which printed detail is exempted per the Annual Statement Instructions. (Virginia does not exempt printed detail.) The March .PDF Filing is the .pdf file for the annual statement data, detail for investment schedules and all supplements due March 1. The Supplemental Electronic Filing includes all supplements due April 1, per the Annual Statement Instructions. The Supplemental .PDF Filing is the .pdf file for all supplements due April 1. The Quarterly Electronic Filing includes the complete quarterly statement data. The Quarterly .PDF Filing is the .pdf file for quarterly statement data. The June .PDF Filing is the .pdf file for the Audited Financial Statements. Column (4) (Number of Copies) Indicates the number of copies that each foreign or domestic company is required to file for each type of form. If “N/A” appears in this column, the filing is not required. Column (5) (Due Date) Indicates the date on which the company must file the form. Column (6) (Form Source) If this column contains “NAIC,” the company must obtain the forms from the appropriate vendor. If this column contains “State,” Virginia will provide the forms with the filing instructions. If this column contains “Dom. State,” the form should be obtained from the state of domicile. If this column contains “Company,” the company, or its representative (e.g., its CPA firm), is expected to provide the form based upon the appropriate state instructions or the NAIC Annual Statement Instructions. Column (7) (Applicable Notes) This column contains references to the Notes to the Instructions that apply to each item listed on the checklist. The company should carefully read these notes before submitting a filing. VA Title 2003 (due 2004) checklist (11/13/03) Page 4

×