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STATE OF CONNECTICUT
INSURANCE DEPARTMENT
www.ct.gov/cid
P.O. Box 816 Hartford, CT 06142-0816
Affirmative Action/Equal Employment Opportunity Employer
December 17, 2024
Bulletin Number FS-4-24
TO:
ANNUAL STATEMENT CONTACT PERSON OF ALL INSURANCE COMPANIES, DOMESTIC
SURPLUS LINES INSURERS, FRATERNAL BENEFIT SOCIETIES AND HEALTH CARE
CENTERS AUTHORIZED TO DO BUSINESS IN THE STATE OF CONNECTICUT.
RE:
2025 ELECTRONIC FINANCIAL STATEMENT FILING REQUIREMENTS
PLEASE BE ADVISED THAT AS SET FORTH IN BULLETIN FS-46, ANNUAL AND QUARTERLY
FINANCIAL STATEMENT FILINGS SHALL BE FILED ELECTRONICALLY WITH THE NATIONAL
ASSOCIATION OF INSURANCE COMMISSIONERS. FILING PAPER COPIES OF FINANCIAL
STATEMENTS WITH THE INSURANCE COMMISSIONER IS NOT REQUIRED.
This Bulletin has been prepared with requirements for filings in the ordinary course of business. Exception
may apply for certain companies.
The Connecticut General Statutes require that each domestic insurance company, health care center and fraternal
benefit society shall annually on or before the first day of March submit electronically to the National Association of
Insurance Commissioners (NAIC) its true and complete report of its financial condition. See Conn. Gen. Stat. §§
38a-53, 38a-53(a) and 38a-614. The same requirement applies to each foreign insurance company, health care
center and fraternal benefit society doing business in the State of Connecticut.
The required annual financial statements shall be prepared in accordance with the NAIC Annual Statement
Instructions Handbook and the NAIC Accounting Practices and Procedures Manual. The securities owned by each
entity as reported in its annual financial statement must be valued in accordance with those standards promulgated
by the NAIC’s Capital Markets and Investment Analysis Office
ut.
The required annual financial statements shall be prepared in accordance with the NAIC Annual Statement
Instructions Handbook and the NAIC Accounting Practices and Procedures Manual. The securities owned by each
entity as reported in its annual financial statement must be valued in accordance with those standards promulgated
by the NAIC’s Capital Markets and Investment Analysis Office.
Each such domestic and foreign insurance company, health care center and fraternal benefit society shall also report
its financial condition on a quarterly basis during 2025, to the Department in the same manner as described above.
The format to be used is the 2024 edition of the quarterly blank adopted by the NAIC for the 2025 reporting year.
Statements are due 45 days subsequent to the end of each quarter:
Quarter End
Quarterly Statement Due Date
March 31, 2025
May 15, 2025
June 30, 2025
August 15, 2025
September 30, 2025
November 15, 2025
The company type specific filing checklist (together with notes and general instructions) to be completed and
submitted with each financial statement filed with the NAIC must be downloaded from the Department’s website at
www.ct.gov/cid.
All domestic insurers must attach a statement with respect to the physical location(s) of all invested assets owned by
the company (i.e., held by the company or under custodial or safekeeping agreement in Connecticut or out of state)
including those securities on deposit with governmental agencies and book entry securities. Assets held outside of
the United States under custodial or sub-custodial agreements must be separately identified. Companies with
separate account operations will be required to submit two “Retention of Assets Statements”, one for the general
account and one for the separate account. A sample “Retention of Assets Statement” is attached.
All domestic companies must comply with Conn. Gen. Stat. §§ sections 38a-85 through 38a-88, and Conn. Agencies
Regs
custodial agreements must be separately identified. Companies with
separate account operations will be required to submit two “Retention of Assets Statements”, one for the general
account and one for the separate account. A sample “Retention of Assets Statement” is attached.
All domestic companies must comply with Conn. Gen. Stat. §§ sections 38a-85 through 38a-88, and Conn. Agencies
Regs. §§ 38a-88-1 through 38a-88-12, which specify the criteria that must be met to allow a domestic insurer to take
2
credit either as an asset or deduction from a liability for ceded reinsurance. The list of licensed companies,
accredited reinsurers and certified reinsurers in Connecticut is located on the Department’s website. Please note that
this listing is updated on a quarterly basis.
Please contact the Insurance Department Financial Regulation Division at cid.financial@ct.gov with any questions
pertaining to this Bulletin.
Andrew N. Mais
Insurance Commissioner
_____________________Insurance Company
Retention of Assets Statement
Physical Location of All Invested Assets
(Excludes Short-term Investments)(Other includes assets used in the ordinary course of business, such as letters of credit or funds held in trust to allow credit for reinsurance)
December 31, 2024
Refer to CT Bulletin FS-4-23 for additional information
Invested Assets
Owned by Company
Statement
Value
Bonds Par
Value
Stocks
Number of
Shares
Indicate One:
C - Custodial Agreement
D - Deposit; Gov’t Agency
H – Held by Company
O - Other (specify)
P – Pledged
S – Sub-Custodial
If C-Custodial Agreement
or S-Sub-Custodial
Agreement
Provide date of approval by
Connecticut
Physical Location
Provide Custodian or Sub-
Custodian N
vested Assets
Owned by Company
Statement
Value
Bonds Par
Value
Stocks
Number of
Shares
Indicate One:
C - Custodial Agreement
D - Deposit; Gov’t Agency
H – Held by Company
O - Other (specify)
P – Pledged
S – Sub-Custodial
If C-Custodial Agreement
or S-Sub-Custodial
Agreement
Provide date of approval by
Connecticut
Physical Location
Provide Custodian or Sub-
Custodian Name & Address as
to where held both in the US and
Non US.
Bonds:
Total Bonds Page 2
Common Stocks:
Total Common Stocks Page 2
Preferred Stocks:
Total Preferred Stocks Page 2
Other:
Total Page 2
This is a copy of a public record, reproduced as it was published. It is not legal advice, and it may not be the version a court would rely on. Check the official source before you cite it.