https://www.insurerbrain.com/w/index.php?action=history&feed=atom&title=Definition%3ASchedule_Y 2026-05-05T20:05:37Z Revision history for this page on the wiki MediaWiki 1.43.8 https://www.insurerbrain.com/w/index.php?title=Definition:Schedule_Y&diff=15051&oldid=prev 2026-03-14T16:21:21Z

<p>Bot: Creating new article from JSON</p> <p><b>New page</b></p><div>📋 &#039;&#039;&#039;Schedule Y&#039;&#039;&#039; is a regulatory filing supplement required by the [[Definition:National Association of Insurance Commissioners (NAIC) | National Association of Insurance Commissioners (NAIC)]] in the United States that compels [[Definition:Insurance carrier | insurance carriers]] to disclose details about their organizational structure, [[Definition:Holding company | holding company]] affiliations, and significant transactions with related parties. Filed as part of an insurer&#039;s [[Definition:Annual statement | annual statement]], Schedule Y provides state insurance regulators with a comprehensive picture of corporate relationships that could influence an insurer&#039;s financial condition, governance, or risk profile. It is a cornerstone of the NAIC&#039;s [[Definition:Insurance holding company system | insurance holding company]] regulatory framework.<br /> <br /> 🔍 The schedule is divided into multiple parts. Part 1 requires the insurer to map out its entire organizational chart, identifying every entity in the [[Definition:Insurance group | group]] structure — from the ultimate controlling person down through intermediate holding companies to each regulated insurance subsidiary. Part 2 captures material transactions between the reporting insurer and its affiliates, including [[Definition:Reinsurance | reinsurance]] agreements, service contracts, [[Definition:Investment | investment]] transfers, tax-sharing arrangements, and loans. These intercompany disclosures are critical because related-party transactions can be used to shift capital, obscure [[Definition:Solvency | solvency]] weaknesses, or create hidden concentrations of risk. State regulators review Schedule Y filings alongside [[Definition:Form A | Form A]] and [[Definition:Form D | Form D]] filings to ensure that affiliated transactions are conducted on arm&#039;s-length terms and do not compromise [[Definition:Policyholder | policyholder]] protections.<br /> <br /> ⚖️ Without transparent group structure disclosure, regulators would struggle to trace risk contagion across affiliated entities — a lesson reinforced by historical failures where intercompany dealings masked deteriorating financial health. Schedule Y is unique to the U.S. state-based regulatory system, but the principle it embodies — group-level supervisory transparency — has parallels in other jurisdictions. The European Union&#039;s [[Definition:Solvency II | Solvency II]] framework requires similar group structure and intra-group transaction reporting, and the [[Definition:International Association of Insurance Supervisors (IAIS) | International Association of Insurance Supervisors (IAIS)]] has promoted comparable standards through its Insurance Core Principles. For insurers operating across multiple states, consistent and accurate Schedule Y filings are essential to maintaining regulatory standing and avoiding enforcement actions.<br /> <br /> &#039;&#039;&#039;Related concepts:&#039;&#039;&#039;<br /> {{Div col|colwidth=20em}}<br /> * [[Definition:Annual statement]]<br /> * [[Definition:National Association of Insurance Commissioners (NAIC)]]<br /> * [[Definition:Insurance holding company system]]<br /> * [[Definition:Related-party transaction]]<br /> * [[Definition:Solvency II]]<br /> * [[Definition:Regulatory filing]]<br /> {{Div col end}}</div>

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