TIA Section A - NAIC SSAPs - SSAP 63

Question 1

Three categories of pools and associations

Answer 1

🙅🏼‍♀️ Involuntary

🤗 Voluntary

🤝 Inter-company

Question 2

Two general structures of pools

Answer 2

👨🏻‍💻 One of more participants may act as servicing carriers, responsible for policy issuance, claims handling and general administration

👨🏻‍💼 A pool manager/administrator may perform the above services in return for payment from the participants

Question 3

Required disclosures if the entity is part of a group that uses a pool in which substantially all of the d&a premium is ceded to the pool:

Answer 3

📑 Description of the basic terms

🆔 Identification of the lead insurer & affiliated entities, and their respective participation

🏊🏼 Description of the lines and type of business subject to the pool

🏊🏻‍♀️ Description of cessions to non-affiliated reinsurers of the pool

🧾 Amounts due to/from the lead insurer and all affiliated entities participating in the pool, valued as of the balance sheet date