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This document serves as a supplement to the annual statement filed by property and casualty insurers licensed or accredited in New York. It outlines specific requirements for reporting adjustments,
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How to fill out New York Supplement to the Annual Statement
01
Obtain the New York Supplement to the Annual Statement form from the New York Department of Financial Services website.
02
Review the instructions provided with the form for any specific requirements or changes for the current filing year.
03
Gather all necessary financial data, including balance sheets, income statements, and previous years' statements.
04
Fill in the company identification section, including the legal name, address, and NAIC number.
05
Complete the sections detailing financial information, adhering to the format and guidelines specified in the instructions.
06
Include any required supplementary schedules or documents as indicated in the form.
07
Review the completed form for accuracy and ensure all sections are filled out as required.
08
Sign and date the form where indicated to certify the information is true to the best of your knowledge.
09
Submit the completed form electronically or by mail by the specified deadline.
Who needs New York Supplement to the Annual Statement?
01
All insurance companies licensed to operate in New York and required to file an Annual Statement must complete the New York Supplement.
02
This includes both domestic and foreign insurers doing business in New York state.
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People Also Ask about
Are life insurance companies required to send annual statements?
The Annual and Quarterly Statement must be executed and verified as provided in Sections 903 and 903.5 of the CIC. Companies that fail to make a timely and complete filing with the California Department Insurance are subject to the assessment of late filing fees pursuant to Section 924 of the CIC.
How do I file a complaint against a business in NY?
Adrienne A. Harris was nominated to lead the New York State Department of Financial Services (DFS) by Governor Kathy Hochul in August 2021. She was confirmed by the New York State Senate on January 25, 2022.
How do I contact the DFS in NY?
If you have a question or need assistance, call (800) 342-3736 (M-F, 8:30 AM to 4:30 PM). Local calls can be made to (212) 480-6400 or (518) 474-6600.
How do I contact DFS?
Call us on 0333 9999 777.
What is the New York supplement?
West's New York Supplement: An unofficial reporter that includes cases argued and determined in the Court of Appeals, Appellate Division of the Supreme Court, as well as the Supreme Court and other courts. In print: New York Supplement (N.Y.S.)
How do I contact the NY DFS?
Call (800) 342-3736 to get free help in your language. Email DFS if you need a form or document translated into your preferred language. State agencies are required to provide language assistance services (translation and interpretation) to people of Limited English Proficiency (LEP).
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What is New York Supplement to the Annual Statement?
The New York Supplement to the Annual Statement is an additional filing requirement for insurance companies operating in New York, providing specific financial and operational information as mandated by the New York State Department of Financial Services.
Who is required to file New York Supplement to the Annual Statement?
All insurance companies licensed to do business in New York are required to file the New York Supplement to the Annual Statement as part of their annual reporting obligations.
How to fill out New York Supplement to the Annual Statement?
To fill out the New York Supplement, insurers must gather relevant financial data and operational details, complete the standardized forms provided by the New York State Department of Financial Services, and ensure all information is accurate and compliant with state regulations.
What is the purpose of New York Supplement to the Annual Statement?
The purpose of the New York Supplement to the Annual Statement is to enhance transparency and regulatory oversight of insurance companies, ensuring that they provide comprehensive information regarding their financial health and business operations in New York.
What information must be reported on New York Supplement to the Annual Statement?
Information required includes details on premium volume, reserves, investment income, claims paid, and any other relevant financial metrics, as well as disclosures related to corporate governance and risk management practices.
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