The Ohio Department of Insurance has granted 20 of 20 requests for permission to use accounting practices that vary from the standard statutory accounting practices, officials say.
The Ohio department will make details about the permitted practices requests after the March 1 statutory financial statement filing deadline, officials say.
In Nebraska, just one company has asked for capital and surplus relief, and it will receive some relief, Nebraska Director Ann Frohman says.
Until the financial statements are filed and made public, Frohman faces limits on what she can say.
But the relief request was not associated with deferred tax assets, and it did involve work under way at the National Association of Insurance Commissioner’s Life & Health Actuarial Task Force, Frohman says.
Ken Schrad, a spokesman for the Virginia State Corporation Commission, the parent of the Virginia Bureau of Insurance, says it is his understanding that the bureau has not issued any permitted practices relief and does not intend to do so.
In a bulletin issued Monday, Virginia officials say the insurance bureau will be “closely monitoring Footnote #1 of the filed annual statements.”