Learn

Sign into your products Sign in to manage account

Import the NAIC Annual Statement

You'll need a full insurance return license to import the Annual Statement.

Before you import the Annual Statement file into the system, make sure the file meets these requirements:

The file is .TXT format.

The entire path (including the filename) where it's saved is less than or equal to 45 characters.

The filename must be as follows:

xxxxx_13_?_YYYY_o_m_1_00_na_s.txt

where:

xxxxx

is the 5-digit NAIC company code

is either

for PC, or

for Life.

YYYY

is the Year.

You can import NAIC data directly from the Annual Statement file to the appropriate place in the tax application. However, only certain pages, and not the entire statement, are transferred into the Annual Statement Organizer because the rest is not needed. If additional data is desired, you can use the Electronic Organizer to add this information.

In Organizer
select General Information
, then Basic Return information
.

Go to the Entity Information
tab and select one of the Annual Statement options as the Data Source
.

Do a full recompute.

Once the recompute is finished, you'll have a
NAIC Annual Statement Transfer
screen in the Organizer tree.

On the Organizer tab, select NAIC Annual Statement Transfer
.

Verify that the path and filename, transfer format, and filing year are correct. You need to be able to fit the entire path, including the TXT extension inside the field (45 characters).

Select Browse
.

Find the import file and select Open
.

Select the Transfer Format
dropdown. This lists the available transfers.

Select the Year
dropdown. Prior years are available for life and separate account annual statements and LRD transfers.

Select Transfer
, then select OK
.

Once data is transferred, there will be an Organizer screen for that annual statement below the NAIC Annual Statement Transfer
screen. This screen is for review purposes only. Data should appear in blue and should not be manually adjusted on this screen.

All changes to data transferred into an annual statement screen should be entered in the applicable PC Electronic Organizer or Life Electronic Organizer. The only exception is if there is no electronic organizer input that corresponds to an item in an annual statement screen. In those rare cases, the input should be changed on the annual statement screen. Any item that requires a manual change on annual statement input should be reviewed carefully to ensure it is correctly reported on the tax return.

This article applies to:

Product: ONESOURCE Income Tax
Return type: 1120 Corporation
Subject: insurance

Solutions

Law firms

Tax, audit & accounting firms

Corporations

Governments

Success stories

Products

Legal

Trade & supply

Tax, audit & accounting

Corporate tax

Risk & fraud

Books

Recommended products

Purchase

Buy solutions

Buy books

Contact sales

Questions? We are here to help.

Resources

Insights

Events

Product training

Product communities

Developers

Highlights

Help

Learn

Import the NAIC Annual Statement

This article applies to:

Related Content