Electronic Annual Statement Filing Requirement

Andy Beshear GO VER N OR Jacqueline Coleman LI EUTE NANT GO VER NO R Ray A. Perry SECR ETAR Y Sharon P. Clark CO MMISS IO NER PUBLIC PROTECTION CABINET Kentucky Department of Insurance 500 Mero Street, 2SE11 Frankfort, KY 40601 Phone: (502) 564-3630 Toll Free: (800) 595-6053 INSURANCE.KY.GOV An Equal Opportunity Employer M/F/D BULLETIN 2023-05 The following Bulletin is to advise the reader of the current position of the Kentucky Department of Insurance ("Department”), on the specified issue. THIS BULLETIN IS FOR INFORMATIONAL PURPOSES ONLY. IT DOES NOT AMEND OR INTERPRET PROVISIONS OF THE KENTUCKY REVISED STATUTES OR THE KENTUCKY ADMINISTRATIVE REGULATIONS. TO: NAIC DOMESTIC AND FOREIGN INSURERS FILING ON THE NAIC BLANK & LICENSED BY THE KENTUCKY DEPARTMENT OF INSURANCE FROM: SHARON P. CLARK, COMMISSIONER RE: COMPLYING WITH REGULATORY REQUIREMENTS FOR ELECTRONICALLY FILING OF ALL FINANCIAL DOCUMENTS, INCLUDING ANNUAL STATEMENTS, AND PAYING ALL FEES DATE: November 21, 2023 Purpose The purpose of this bulletin is for the Kentucky Department of Insurance (“Department”) to advise all insurance companies regarding compliance with statutory requirements for electronic filing of all financial documents, including annual statements. Effective Date This bulletin shall take immediate effect. Electronic Annual Statement Filings Pursuant to KRS 304.3-240(1)(b)1. and KRS 304.2-205(2)(a)2.a., all financial standards documents, including annual statements, shall be filed electronically. Beginning in 2024, electronic filing will be mandatory, and any hard copies will be rejected and will be considered incomplete until an electronic filing is received. There will be no exceptions. The Department’s previous courtesy extension for acceptance and manual scanning of hard-copy filings will be discontinued. For processing efficiency and data security, all such financial standards documents Andy Beshear GO VER N OR Jacqueline Coleman LI EUTE NANT GO VER NO R Ray A. Perry SECR ETAR Y Sharon P. Clark CO MMISS IO NER PUBLIC PROTECTION CABINET Kentucky Department of Insurance 500 Mero Street, 2SE11 Frankfort, KY 40601 Phone: (502) 564-3630 Toll Free: (800) 595-6053 INSURANCE.KY.GOV An Equal Opportunity Employer M/F/D should be filed through eServices. Payments should also be made electronically through eServices, for the same purpose. For further information on filing through eServices, please see the detailed instructions provided in the Annual Filing Instructions and relevant Checklists available on the Kentucky Department of Insurance website. If your company believes that it will not be able to meet any of the financial filing deadlines required by law or by order, please contact the Department at DOI.FinancialStandardsMail@ky.gov in writing ahead of the deadline with a reasonable extension request. Questions regarding this bulletin should be directed to the Financial Standards & Examinations Division, Phone (502) 564-6082; Toll Free (800) 595-6053; Fax: (502) 564-4604; or Email: DOI.FinancialStandardsMail@ky.gov. ________________________________ Sharon P. Clark, Commissioner _____________________ Date Kentucky Department of Insurance 11/21/2023