Market Conduct Annual Statements

www.ct.gov/cid P.O. Box 816 Hartford, CT 06142-0816 An Equal Opportunity Employer STATE OF CONNECTICUT INSURANCE DEPARTMENT BULLETIN MC-22 December 6, 2016 TO: ALL INSURANCE COMPANIES LICENSED IN CONNECTICUT RE: MARKET CONDUCT ANNUAL STATEMENTS Beginning in 2017, the Connecticut Insurance Department (the “Department”) will start participating in the Market Conduct Annual Statement data collection system (“MCAS”), a project that was established in 2002 through the National Association of Insurance Commissioners (“NAIC”) to provide a uniform system for the collection of state-specific, industrywide market related information. Forty-nine jurisdictions participate currently in MCAS. Any licensed insurance company that writes at least $50,000.00 of gross premium in the Life, Annuity, Private Passenger Auto, or Homeowner’s lines of business in Connecticut will be required to file MCAS data with the Department. Insurance companies with any in-force Long Term Care policies of certain types will also be required to file MCAS data, regardless of the premium level for long Term Care business. Insurance companies will be notified by a data call letter of the requirement to file 2016 MCAS data with the Department by April 30, 2017. Such notification, which will send to insurers in December, will be issued by the NAIC on behalf of all participating jurisdictions, including Connecticut. Each insurer in a holding company system must file separately for each state in which such insurer conducts business. Additional information, including MCAS general information, filing requirements and FAQs, is available at www.naic.org. Additional questions about MCAS may be submitted to mcas@naic.org or by submitting a request to the Department at cid.mc@ct.gov. _________________________ Katharine L. Wade Insurance Commissioner