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Market Conduct Division


Market Conduct Annual Statement
Participation Requirements & General Information

THIS INFORMATION MAY NOT BE USED IN ANY FORM OF COMPANY ADVERTISING OR MARKETING.

Market Conduct Annual Statement Participation Requirements & General Information
Market Conduct Annual Statement Contact Form
Market Conduct Annual Statement Filing Instructions and Database
Market Conduct Annual Statement Industry Averages

The Market Conduct Annual Statement (MCAS) is a mandatory filing that collects data on a state specific, industry-wide basis. It is comprised of two major components--life and annuity and property and casualty. It includes data on the following lines of business:

Life & Annuity MCAS Property & Casualty MCAS
Individual Life Cash Value Products

Private Passenger Automobile

Individual Life Non-Cash Value Products Homeowners
Individual Fixed Annuities  

Individual Variable Annuities

 

Companies must participate in this project and report data to each of the following participating states in which the company writes one or more of the lines of business noted above.

Alabama Alaska     Arizona California
Colorado Delaware District of Columbia Florida
Georgia Hawaii Idaho Illinois
Indiana Iowa Kansas Kentucky
Louisiana Maine Maryland Massachusetts
Michigan Minnesota Mississippi Missouri
Montana Nebraska Nevada New Hampshire
New Jersey New Mexico North Carolina Ohio
Oklahoma Oregon Pennsylvania Rhode Island
South Carolina Texas Utah Vermont
Virginia Washington West Virginia Wisconsin

Wyoming

     

The MCAS project is designed to provide analysis of certain key market performance data that will help regulators allocate market regulation resources where they can be most effective. It is an analysis tool that states use to review market activity of the insurance marketplace in a consistent manner and to identify companies whose practices are outside normal ranges.

For the Life & Annuity MCAS, a company that is licensed and reports at least $50,000 of Individual Life Insurance premiums (excluding Credit Life) or at least $50,000 of Individual Annuity Considerations for the data collection year must report Life & Annuity MCAS data to that participating state.

For the Property & Casualty MCAS, a company that is licensed and reports at least $50,000 of Homeowners premiums or $50,000 of Private Passenger Auto premiums for the data collection year must report Property & Casualty MCAS data to that participating state.

Companies that are not licensed to do business in Louisiana or that reported less than the minimum premium thresholds noted above do not need to file a MCAS in Louisiana.

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Market Conduct Annual Statement Contact Form

Every insurer required to file a MCAS in one or more of the participating states must designate a single contact person responsible for the overall project. Since 2009, this information has been collected electronically on the jurat page of the company's Financial Annual Statement.

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Market Conduct Annual Statement Filing Instructions and Database

The reporting requirements and necessary databases will be posted on the NAIC's website (http://www.naic.org/industry_market_conduct_statement.htm).

Instructions and additional information about the MCAS may be obtained from the NAIC's website at http://www.naic.org/industry_market_conduct_statement.htm. These documents explain in more detail the requirements of the MCAS.

A separate filing is required for each company within a group required to report in Louisiana. Data for affiliated companies may not be combined into one submission for the MCAS. Do not submit filings for companies that are not licensed in Louisiana and/or do not meet the minimum level of subject premium during the period under review.

If you have any questions, please refer to the Data Call and Definition document posted on the NAIC website and check the Market Conduct Annual Statement FAQs on the NAIC website first to see if an answer to your question has already been posted. If your question has not been answered on the NAIC website, you can submit new questions or request information by sending an e-mail to the NAIC Staff Support assigned to the MCAS as listed on the NAIC website. Questions submitted to the NAIC Staff Support will be reviewed and responded to by the participating states. You may also contact the Market Conduct Division at (225) 342-9173.

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Market Conduct Annual Statement Industry Averages

The following statewide averages and charts indicating the number of reporting companies whose ratios fall within various ranges are for informational purposes only and do not represent standards for market behavior. This information does not establish compliance or non-compliance with the Louisiana Insurance Code, Directives, Rules, Regulations or Bulletins.

In order to compare your Company's results to these statewide average ratios, you can obtain the ratios based on your Company's MCAS data from the database that was used for the MCAS filing process. Along with statewide average ratios for each category, a chart indicating the number of reporting companies whose ratios fall within various ranges is also presented to show how your company's results compare with the other reporting companies in the state of Louisiana. Comparing your company's results in this way should enable you to draw some comparison between your company's performance and the aggregate market in Louisiana.

Life & AnnuityProperty & Casualty
2012 2012
2011 2011
2010 2010
20092009
20082008
20072007