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BE-45
OMB No. 0608-0066: Approval Expires 12/31/2021
(REV. 10/2018)
BE-45 Identification Number
QUARTERLY SURVEY OF INSURANCE TRANSACTIONS BY U.S.
INSURANCE COMPANIES WITH FOREIGN PERSONS
Name and address of U.S. Reporter
Due date:
Within 60 days of the close of each calendar
quarter (or within 90 days of closing the final
quarter of your calendar year).
Extension information:
See Part VI.C., page 18 of the General
Instructions.
00080 Company Name:
0
00090 Attention:
0
10000 Address:
0
10002 State:
0
10001 City:
0
Electronic filing:
www.bea.gov/efile
10003 Zip Code:
0
Mail via U.S. Postal Service:
Bureau of Economic Analysis
Balance of Payments Division, BE-50 (SSB)
4600 Silver Hill Rd.
Washington, DC 20233
Send via Private Express Delivery:
Bureau of Economic Analysis
Balance of Payments Division, BE-50 (SSB)
4600 Silver Hill Rd.
Suitland, MD 20746
Fax reports to:
(301) 278-9506
Assistance:
E-mail: [email protected]
Telephone: (301) 278-9303
FAQ’s and blank forms: www.bea.gov/ssb
BE-45 Filing Requirements:
A response is required if you are notified by BEA about this survey. A BE-45 survey must be completed in its entirety by U.S. insurance companies
who had insurance transactions with foreign persons in excess of $8 million during the previous calendar year, or are expected to exceed that
amount during the current calendar year, in any one of the eight categories. See Part 1.A on page 16 of the General Instructions for more
information on who must report and reporting requirements.
Authority, Confidentiality, Penalties
This survey is authorized by the International Investment and Trade in Services Survey Act (P.L. 94-472, 90 Stat. 2059, 22 U.S.C. 3101-3108,
as amended). The filing of reports is mandatory and the Act provides that your report to BEA is confidential. Persons who fail to report may be
subject to penalties. See page 16 of the General Instructions for additional details.
Contact Information
Provide information of person to consult about this report:
Name
10004
0
Street 1
10005
Telephone Number
0
10008
Street 2
10006
0
Extension
Fax Number
0
City
10007
1
10009
State
Zip
1
E-mail Address
10010
0
NOTE: BEA uses a Secure Messaging System to correspond with you via encrypted message to discuss questions relating to this form. We may use
your e-mail address for survey-related announcements and to inform you about secure messages. When communicating with BEA by e-mail, please do
not include any confidential business or personal information.
CERTIFICATION
The undersigned official certifies that this report has been prepared in accordance with the applicable instructions, is complete, and is substantially
accurate except that, in accordance with Part VI.F. of the General Instructions, estimates may have been provided.
Signature of Authorized Official
Date
Telephone Number
10012
Name
10011
0
Title
1
Extension
Identification of U.S. Reporter
1 What is the U.S. Reporter’s calendar quarter covered in this report?
Month
Day
Year
Month
Day
Year
10013 1
Beginning date . . . . . . .
10014 1
Ending date. . . . . . . . . .
2 What was the status of the U.S. Reporter during the reporting period identified in question 1 ?
10017
1
1
■ In existence the entire reporting period — Continue filling out this form.
2 ■ In existence during only part of the reporting period — Continue filling out this form for the portion of the reporting period your
1
company was in existence and, in the comments section below, explain why your company did not exist for a part of the period.
1
3
■ Not in existence during the reporting period — In the comments section below, explain why your company was not in existence
during the reporting period. Please return the form according to instructions on page 1.
3
Was the U.S. Reporter owned more than 50 percent by another U.S. entity or business enterprise at any point during the reporting period
identified in question 1 ? See Part IV.E, page 17 of the General Instructions for the definition of U.S. business enterprise.
10018
1
1
■ No — Continue filling out this form.
2 ■ Yes — Check A or B:
2
1 ■ A — Owned by another U.S. person for part of the reporting period — Enter the name, contact information, and
1
address of the controlling U.S. person below and continue filling out this form, but only report transactions for
the period during which the U.S. Reporter was NOT owned by another U.S. person. Provide any comments in the
section below.
2
2
■
B — Owned by another U.S. person for the entire reporting period — Enter the name, contact information, and
address of the controlling U.S. person below, provide any comments in the section below, and return this form
according to the instructions on page 1.
Name
0
Comments
10022
Contact name
0
10023
Phone number
0
10024
Address — Number and Street
0
10025
City, State, Zip
0
10026
4 What is the U.S. Reporter’s principal line of insurance?
10019
1
■ Life insurance
2 ■ Property and casualty insurance
1
0
3 ■ Other — Specify
10020
1
1
5 What best describes the U.S. Reporter’s organization?
10021
1
■ Insurance company
2 ■ Insurance broker
1
3 ■ Insurance group — Please attach a list of member companies that are consolidated in this report.
1
1
6 What is the primary Employer Identification Number used by the U.S. Reporter to file U.S. income or payroll taxes?
10016
1
___ ___ – ___ ___ ___ ___ ___ ___ ___ Enter your 9 digit employee identification number without dashes.
Page 2
FORM BE-45 (REV. 10/2018)
Identification of U.S. Reporter – Continued
7 Using the summary of NAICS classifications on the next page, as well as the example below, enter the 4-digit code that best
describes the primary sales activity of the consolidated domestic U.S. Reporter. After entering your response, continue to page 5.
Consolidated domestic U.S. Reporter means the fully consolidated domestic U.S. enterprise consisting of (i) the U.S. corporation whose
voting securities are not owned more than 50 percent by another U.S. corporation, and, proceeding down each ownership chain from that
U.S. corporation, (ii) any U.S. corporation whose voting securities are more than 50 percent owned by the U.S. corporation above it. The fully
consolidated domestic U.S. enterprise excludes foreign branches and other foreign affiliates.
10015
1
__ __ __ __
EXAMPLE FOR DETERMINING PRIMARY SALES ACTIVITY (NAICS CODE)
Report the NAICS code that best describes the primary sales activity of the consolidated domestic U.S. Reporter. For example, if 60 percent
of the consolidated domestic U.S. Reporter’s sales are generated by Affiliate A, an insurance carrier, except direct life insurance carriers
(NAICS 5243), and 40 percent of the consolidated domestic U.S. Reporter’s sales are generated by Affiliate B, a direct insurance carrier
(NAICS 5249), then you should report your NAICS as 5243.
Consolidated domestic
U.S. Reporter
($50 Million Total Sales)
U.S. Affiliate A
NAICS 5243
($30 Million Total Sales)
Use NAICS 5243 because the
majority of the consolidated
domestic U.S. Reporter’s sales
(60%) come from U.S. Affiliate A.
U.S. Affiliate B
NAICS 5249
($20 Million Total Sales)
➙ Continue to page 5
●
FORM BE-45 (REV. 10/2018)
Page 3
Summary of Industry Classifications – For a full explanation of each code see www.bea.gov/naics2017
Agriculture, Forestry, Fishing, and Hunting
1110
1120
1130
1140
1150
Crop production
Animal production and aquaculture
Forestry and logging
Fishing, hunting, and trapping
Support activities for agriculture and forestry
Mining
2111
2121
2123
2124
2125
2126
2127
2132
2133
Oil and gas extraction
Coal
Nonmetallic minerals
Iron ores
Gold and silver ores
Copper, nickel, lead, and zinc ores
Other metal ores
Support activities for oil and gas operations
Support activities for mining, except
for oil and gas operations
Utilities
2211 Electric power generation,
transmission, and distribution
2212 Natural gas distribution
2213 Water, sewage, and other systems
Construction
2360 Construction of buildings
2370 Heavy and civil engineering construction
2380 Specialty trade contractors
Manufacturing
3111
3112
3113
3114
3115
3116
3117
3118
3119
3121
3122
3130
3140
3150
3160
3210
3221
3222
3231
3242
3243
3244
3251
3252
3253
3254
3255
3256
3259
3261
3262
3271
3272
3273
3274
3279
3311
3312
3313
3314
3315
3321
3322
3323
3324
3325
3326
3327
3328
3329
3331
3332
3333
Page 4
Animal foods
Grain and oilseed milling
Sugar and confectionery products
Fruit and vegetable preserving and
specialty foods
Dairy products
Meat products
Seafood product preparation and packaging
Bakery products and tortillas
Other food products
Beverages
Tobacco
Textile mills
Textile product mills
Apparel
Leather and allied products
Wood products
Pulp, paper, and paperboard mills
Converted paper products
Printing and related support activities
Integrated petroleum refining and extraction
Petroleum refining without extraction
Asphalt and other petroleum and
coal products
Basic chemicals
Resins, synthetic rubbers, and artificial
and synthetic fibers and filaments
Pesticides, fertilizers, and other
agricultural chemicals
Pharmaceuticals and medicines
Paints, coatings, and adhesives
Soap, cleaning compounds, and
toilet preparations
Other chemical products and preparations
Plastics products
Rubber products
Clay products and refractories
Glass and glass products
Cement and concrete products
Lime and gypsum products
Other nonmetallic mineral products
Iron and steel mills
Steel products from purchased steel
Alumina and aluminum production
and processing
Nonferrous metal (except aluminum)
production and processing
Foundries
Forging and stamping
Cutlery and handtools
Architectural and structural metals
Boilers, tanks, and shipping containers
Hardware
Spring and wire products
Machine shop products, turned products, and
screws, nuts, and bolts
Coating, engraving, heat treating,
and allied activities
Other fabricated metal products
Agriculture, construction, and mining machinery
Industrial machinery
Commercial and service industry machinery
3334 Ventilation, heating, air-conditioning,
and commercial refrigeration equipment
3335 Metalworking machinery
3336 Engines, turbines, and power
transmission equipment
3339 Other general purpose machinery
3341 Computer and peripheral equipment
3342 Communications equipment
3343 Audio and video equipment
3344 Semiconductors and other
electronic components
3345 Navigational, measuring, electromedical,
and control instruments
3346 Manufacturing and reproducing
magnetic and optical media
3351 Electric lighting equipment
3352 Household appliances
3353 Electrical equipment
3359 Other electrical equipment and components
3361 Motor vehicles
3362 Motor vehicle bodies and trailers
3363 Motor vehicle parts
3364 Aerospace products and parts
3365 Railroad rolling stock
3366 Ship and boat building
3369 Other transportation equipment
3370 Furniture and related products
3391 Medical equipment and supplies
3399 Other miscellaneous manufacturing
Wholesale Trade, Durable Goods
4231 Motor vehicles and motor vehicle
parts and supplies
4232 Furniture and home furnishing
4233 Lumber and other construction materials
4234 Professional and commercial
equipment and supplies
4235 Metal and mineral (except petroleum)
4236 Household appliances, and electrical and
electronic goods
4237 Hardware, and plumbing and heating
equipment and supplies
4238 Machinery, equipment, and supplies
4239 Miscellaneous durable goods
Wholesale Trade, Non-Durable Goods
4241
4242
4243
4244
4245
4246
4247
4248
4249
Paper and paper product
Drugs and druggists’ sundries
Apparel, piece goods, and notions
Grocery and related product
Farm product raw material
Chemical and allied products
Petroleum and petroleum products
Beer, wine, and distilled alcoholic beverage
Miscellaneous nondurable goods
Wholesale Trade, Electronic Markets
and Agents And Brokers
4251 Wholesale electronic markets and
agents and brokers
Retail Trade
4410
4420
4431
4440
4450
4461
4471
4480
4510
4520
4530
4540
Motor vehicle and parts dealers
Furniture and home furnishings
Electronics and appliance
Building material and garden equipment
and supplies dealers
Food and beverage
Health and personal care
Gasoline stations
Clothing and clothing accessories
Sporting goods, hobby, book, and music
General merchandise
Miscellaneous store retailers
Non-store retailers
5151
5152
5173
5174
5179
5182
5191
Radio and television broadcasting
Cable and other subscription programming
Wired and wireless telecommunications carriers
Satellite telecommunications
Other telecommunications
Data processing, hosting, and related services
Other information services
Finance and Insurance
5221 Depository credit intermediation (Banking)
5223 Activities related to credit intermediation
5224 Non-depository credit intermediation, except
branches and agencies
5229 Nondepository branches and agencies
5231 Securities and commodity contracts
intermediation and brokerage
5238 Other financial investment activities and
exchanges
5242 Agencies, brokerages, and other insurance
related activities
5243 Insurance carriers, except direct life insurance carriers
5249 Direct life insurance carriers
5252 Funds, trusts, and other finance vehicles
Real Estate and Rental and Leasing
5310
5321
5329
5331
Real estate
Automotive equipment rental and leasing
Other rental and leasing services
Lessors of nonfinancial intangible assets,
except copyrighted works
Professional, Scientific, and Technical
Services
5411 Legal services
5412 Accounting, tax preparation, bookkeeping,
and payroll services
5413 Architectural, engineering, and related services
5414 Specialized design services
5415 Computer systems design and related services
5416 Management, scientific, and technical
consulting services
5417 Scientific research and development services
5418 Advertising, public relations, and related services
5419 Other professional, scientific, and
technical services
Management of Companies and Enterprises
5512 Holding companies, except bank holding
companies
5513 Corporate, subsidiary, and regional
management offices
Administrative and Support, Waste
Management, and Remediation Services
5611
5612
5613
5614
5615
5616
5617
5619
5620
Office administrative services
Facilities support services
Employment services
Business support services
Travel arrangement and reservation services
Investigation and security services
Services to buildings and dwellings
Other support services
Waste management and remediation services
Educational Services
6110 Educational services
Health Care and Social Assistance
6210
6220
6230
6240
Ambulatory health care services
Hospitals
Nursing and residential care facilities
Social assistance services
Transportation and Warehousing
Arts, Entertainment, and Recreation
4810
4821
4833
4839
4840
4850
4863
7110 Performing arts, spectator sports,
and related industries
7121 Museums, historical sites, and similar
institutions
7130 Amusement, gambling, and recreation
industries
4868
4870
4880
4920
4932
4939
Air transportation
Rail transportation
Petroleum tanker operations
Other water transportation
Truck transportation
Transit and ground passenger transportation
Pipeline transportation of crude oil,
refined petroleum products, and natural gas
Other pipeline transportation
Scenic and sightseeing transportation
Support activities for transportation
Couriers and messengers
Petroleum storage for hire
Other warehousing and storage
Information
5111 Newspaper, periodical, book, and
directory publishers
5112 Software publishers
5121 Motion picture and video industries
5122 Sound recording industries
Accommodation and Food Services
7210 Accommodation
7220 Food services and drinking places
Other Services
8110 Repair and maintenance
8120 Personal and laundry services
8130 Religious, grantmaking, civic, professional,
and similar organizations
Public Administration
9200 Public administration
FORM BE-45 (REV. 10/2018)
Determination of Reporting Status
Determining Reportable and Non-Reportable Transactions
The scope of this survey is limited to insurance transactions between the consolidated domestic U.S. Reporter and foreign persons*. A full list of the
services covered can be found on the next page. Additional information, including FAQ’s and video tutorials, can be found at: www.bea.gov/ssb.
* Person, when used throughout this survey, means any individual, branch, partnership, associated group, association, estate, trust, corporation, or
other organization (whether or not organized under the laws of any State), and any government (including a foreign government, the United States
Government, a state or local government, and any agency, corporation, financial institution, or other entity or instrumentality thereof, including a
government sponsored agency).
✓
REPORT transactions
between the U.S. Reporter
and all foreign persons,
regardless of the relationship
between the U.S. Reporter
and the foreign persons. See
page 7 for more information
on reporting relationships.
✖
DO NOT REPORT transactions
between the U.S. Reporter’s
foreign affiliates or foreign
parent group and other foreign
persons.
✖
DO REPORT:
✓ Transactions between your consolidated domestic U.S. operations and all foreign persons, regardless of affiliation, including inter-company
transactions that you may not consider transactions under global consolidation.
DO NOT REPORT:
✖
✖
✖
✖
✖
Transactions between the U.S. Reporter’s foreign affiliates and other foreign persons.
Transactions between other U.S. persons and foreign affiliates of the U.S. Reporter.
Transactions between the U.S. Reporter’s domestic operations and other U.S. persons.
Income on financial instruments (including interest, dividends, capital gains, etc.).
Reserve transfers or recaptures of reserves.
More information about the scope and purpose of this survey can be found in the General Instructions beginning on page 16.
➙ Continue to the next page
●
FORM BE-45 (REV. 10/2018)
Page 5
Determination of Reporting Status
8 Follow the steps below to determine whether you complete Schedule A and/or B .
In the table below, indicate whether the U.S. Reporter had the transactions listed in the prior year, or if the U.S. Reporter expects to have
transactions in the current year by marking “Yes” or “No in column 3.
For all transaction types marked “Yes” in column 3, indicate whether those transactions exceeded $8 million in the previous year, or if the U.S.
Reporter expects those transactions to exceed $8 million in the current year by marking “Yes” or “No in column 4.
See additional information for Part II on page 17, and Part V on page 18, of the General Instructions for more details on reportable transactions.
NOTE – Exclude transfers or recaptures of reserves when determining your responses below. Such transactions are not reportable on the BE-45
survey.
Transaction
code
Transaction Type
Had transactions with
foreign persons in the
previous fiscal year, or
had/expects to have,
transactions foreign
persons during the
current fiscal year
(1)
(2)
(3)
1
Premiums earned on reinsurance assumed from insurance companies
resident abroad
20001
2
Premiums incurred on reinsurance ceded to insurance companies
resident abroad
20002
3
Losses incurred on reinsurance assumed from insurance companies
resident abroad
20003
4
Losses recovered on reinsurance ceded to insurance companies
resident abroad
20004
5
Premiums earned from primary insurance sold to foreign persons
20005
6
Losses incurred on primary insurance sold to foreign persons
20006
7
Auxiliary insurance services, receipts
20007
8
Auxiliary insurance services, payments
20008
None of the above
20009
Transactions with
foreign persons in the
previous fiscal year
exceeded $8 million,
or are expected to
exceed $8 million in
the current year.
If “Yes” in
column 4,
report
transactions
on:
(4)
(5)
1
1 ■ Yes
2 ■ No
2
1 ■ Yes
2 ■ No
Schedule A
1
1 ■ Yes
2 ■ No
2
1 ■ Yes
2 ■ No
Schedule A
1
1 ■ Yes
2 ■ No
2
1 ■ Yes
2 ■ No
Schedule A
1
1 ■ Yes
2 ■ No
2
1 ■ Yes
2 ■ No
Schedule A
1
1 ■ Yes
2 ■ No
2
1 ■ Yes
2 ■ No
Schedule B
1
1 ■ Yes
2 ■ No
2
1 ■ Yes
2 ■ No
Schedule B
1
1 ■ Yes
2 ■ No
2
1 ■ Yes
2 ■ No
Schedule B
1
1 ■ Yes
2 ■ No
2
1 ■ Yes
2 ■ No
Schedule B
1
1 ■ Yes
9 Did you check “Yes” for any type of transaction in Column 4?
20010 1
1
■ Yes — Report mandatory transactions on the appropriate schedule indicated in Column 5.
2 ■ No — Stop here and return pages 1 through 6 according to the instructions on page 1.
1
If question 9 is checked yes, you are required to complete separate schedules based on the U.S. Reporter’s relationship with the foreign
transactor. Separate copies of each schedule are required to report transactions with (1) your foreign affiliates, (2) your foreign parent(s) and other
members of the foreign parent group (FPG), and (3) unaffiliated foreign persons. For example, if the U.S. Reporter had quarterly reinsurance
premiums earned on reinsurance sold to its foreign affiliates and unaffiliated foreign persons, then you are required to complete the Schedule A
for transactions with the U.S. Reporter’s foreign affiliates, and the Schedule A for those transactions with unaffiliated foreign persons. If the U.S.
Reporter had no transactions with one or more foreign transactor types, a schedule does not need to be completed for that foreign transactor type.
See Part IV on page 17 of the General Instructions for definitions of foreign affiliates, foreign parent group, and unaffiliated foreign persons.
NOTE — Only report cross-border transactions between the U.S. Reporter’s consolidated U.S. enterprises and foreign persons. Do not report
transactions between the U.S. Reporter’s foreign affiliates and foreign persons, or between the U.S. Reporter’s domestic operations and other
U.S. persons.
Comments
Page 6
FORM BE-45 (REV. 10/2018)
Understanding Reporting Relationships
(For use on Schedules A and B )
Transactions accrued during the reporting period should be reported by the country of the foreign transactor, and by the foreign transactor’s relationship
to the U.S. Reporter . The relationship between the U.S. Reporter and the foreign transactor falls into one of three categories:
Foreign Affiliates – A foreign affiliate is defined as an entity domiciled in a foreign country that is owned at least 10 percent (based on voting
interest), directly or indirectly, by the U.S. Reporter.
Foreign Parents and Foreign Affiliates of Foreign Parents (aka the “foreign parent group”) – Foreign Parents and Foreign Affiliates
of Foreign Parents (aka the “foreign parent group”) means all of the following:
(i) the foreign parent, which is the first entity outside the United States in a foreign chain of ownership, that owns at least 10 percent (based on voting
interest), directly or indirectly, of the consolidated domestic U.S. business enterprise.
(ii) any foreign entity proceeding up the foreign parent’s ownership chain, that owns more than 50 percent of the entity below it up to and including the
entity that is not owned more than 50 percent by another foreign entity,
(iii) any foreign entity, proceeding down the ownership chain(s) of each of these members, that is owned more than 50 percent by the entity above it.
Unaffiliated Foreign Persons – An unaffiliated foreign person is an entity domiciled abroad that is not owned, or is owned less than 10 percent,
directly or indirectly, by the U.S. Reporter or the U.S. Reporter’s foreign parent.
The diagram below illustrates each of these relationships with regards to the U.S. Reporter. Additional reporting instructions are provided prior to
each Schedule on pages 8 and 12.
COMPANY A (Germany)
Foreign Parent of the Consolidated domestic
U.S. Reporter
COMPANY B (Germany)
49% owned by Company A
Unaffiliated Foreign Person
NOTE: “Company B” is not a foreign affiliate
of the foreign parent nor part of the foreign
parent group since it is not owned, nor does
it own another foreign entity, more than 50
percent within the foreign ownership chain.
Also, “Company B” is not a foreign affiliate
of the Consolidated domestic U.S. Reporter
since it is not owned at least 10 percent by
the Consolidated domestic U.S. Reporter.
Member of Foreign Parent Group
Owns 100% of Company C and the
Consolidated U.S. Reporter
COMPANY C (France)
Wholly owned by Company A
Member of Foreign Parent Group
CONSOLIDATED DOMESTIC
U.S. REPORTER
(USA)
(The U.S. person filing this BE-45)
Owns >10% of Companies D, E, and F
COMPANY E (Mexico)
COMPANY D (USA)
COMPANY F (United Kingdom)
20% owned by Consolidated
domestic U.S. Reporter
Subsidiary, owned 100% by Consolidated
domestic U.S. Reporter
50% owned by Consolidated
domestic U.S. Reporter
Foreign Affiliate
Company D’s transactions with foreign
persons are consolidated into the U.S.
Reporter’s BE-45 filing
Foreign Affiliate
COMPANY G (Switzerland)
COMPANY H (Ghana)
5% owned by Consolidated
domestic U.S. Reporter
No ownership relationship with
any other company
Unaffiliated Foreign Person
Unaffiliated Foreign Person
➙ Continue to
●
FORM BE-45 (REV. 10/2018)
Schedules A and B as indicated, based on your response to question 8 on page 6.
Page 7
Reporting Instructions for Schedule A
REPORTING INSTRUCTIONS
IMPORTANT – Do not report reserve transfers or recaptures of reserves. Only report transactions accrued during the reporting period. ONLY report
transactions between the U.S. Reporter’s domestic operations and foreign persons. DO NOT report transactions between the U.S. Reporter’s foreign
affiliates and foreign persons, between the U.S. Reporter’s domestic operations and other U.S. persons, or transactions between other U.S. persons and
the U.S. Reporter’s foreign affiliates. Report all amounts in thousands of U.S. dollars (omitting 000). Round amounts less than $500.00 to 0. Do not enter
amounts in the shaded portions of each item.
How to Report:
1) Use the following Schedule A’s on pages 9–11 to report your quarterly reinsurance transactions based on your relationship with the
foreign person(s) (see page 7 for more information on reporting relationships):
Schedule
Relationship with the consolidated domestic U.S. Reporter
Page
A1
Foreign affiliates
9
A2
Foreign parent(s) and other members of the affiliated foreign group
10
A3
Unaffiliated foreign persons
11
2) Enter the country(ies) of the transactor(s) in the left most column of Schedule A .
3) Report the U.S. Reporter’s quarterly reinsurance transactions with the foreign transactor in the appropriate column based on the
transaction type:
• Transaction code 1 (Column 3) – Quarterly premiums earned on reinsurance assumed
• Transaction code 2 (Column 4) – Quarterly premiums incurred on reinsurance ceded
• Transaction code 3 (Column 5) – Quarterly losses incurred on reinsurance assumed
• Transaction code 4 (Column 6) – Quarterly losses recovered on reinsurance ceded
Example:
The U.S. Reporter had a total of $3,525,000 in quarterly premiums incurred on reinsurance ceded from its foreign parent group in Germany.
A2
Foreign parent(s) and other members of the affiliated foreign group
Page 10
Per the table above, premiums incurred on reinsurance ceded from the foreign parent group are reportable on Schedule A2 , which is on page 10.
On Schedule A2 , enter “Germany” in column 1. Enter “3,525” under Code 2 in Column 4.
IMPORTANT – Report amounts in thousands of U.S. dollars (omitting 000). Round amounts less than $500.00 to 0. Do not enter amounts in the shaded
portions of each item.
Example
Transactions with foreign parent group
Country
(1)
1.
Germany
Reinsurance premiums
BEA
USE
ONLY
001
1
(2)
2
Reinsurance losses
Transaction code 1
Transaction code 2
Transaction code 3
Transaction code 4
Quarterly premiums
earned on reinsurance
assumed
(3)
Quarterly premiums
incurred on reinsurance
ceded
(4)
Quarterly losses
incurred on reinsurance
assumed
(5)
Quarterly losses
recovered on
reinsurance ceded
(6)
3
000
4
3,525
000
5
000
6
000
NOTE – Do not report reserve transfers or recaptures of reserves.
Quarterly premiums and losses should be calculated as follows:
For property and casualty insurance companies
Calculate transaction codes 1 and 2 as follows: Premiums written (transaction code 1) or ceded (transaction code 2) during the quarter, plus unearned
premiums at the beginning of the quarter, minus unearned premiums at the end of the quarter. Report premiums net of cancellations. Report premiums
gross of commissions and profit commissions paid to or received from foreign persons, including commissions initially paid to or received from a U.S.
intermediary (agent or broker) of a foreign person.
Calculate transaction codes 3 and 4 as follows: Losses paid (transaction code 3) or recovered (transaction code 4) during the quarter, plus case reserves
at the end of the quarter, plus losses incurred but not reported at the end of the quarter, minus case reserves at the beginning of the quarter, minus
losses incurred but not reported at the beginning of the quarter. Losses paid or recovered should not include loss adjustment expenses (reportable on
Schedule B ).
For life insurance companies
Premiums received (transaction code 1) and paid (transaction code 2) reflect premiums accrued on reinsurance assumed from or ceded to insurance
companies resident abroad. These amounts, therefore, are adjusted for changes in due, deferred, and advanced premiums for each quarter. Report
premiums gross of commissions and profit commissions paid to or received from foreign persons, including commissions initially paid to or received from
a U.S. intermediary (agent or broker) of a foreign person.
Losses paid (transaction code 3) and recovered (transaction code 4) reflect policy claims on reinsurance assumed or ceded, adjusted for changes in
claims due, unpaid, and in the course of settlement.
Page 8
FORM BE-45 (REV. 10/2018)
SCHEDULE A1 – Quarterly Reinsurance Transactions with Foreign Affiliates
Are you reporting transactions with foreign affiliates ?
21000
1 11■ Yes
• If you checked “Yes” for transaction codes 1–4 in Column 4 of question 8 , and you had transactions of this type with your foreign affiliates ,
reporting below is mandatory.
• Report all currency amounts in thousands of dollars. Example: If the amount is $1,555,555.00 report as 1,556.
• Round amounts less than $500.00 to 0.
• To report additional countries, use the overflow sheet provided on page 19 (eFile users – select “Add overflow” from the survey selection page).
• For additional instructions, see Part V on page 18 of the General Instructions.
NOTE – Do not report reserve transfers or recaptures of reserves.
Transactions with foreign affiliates
Country
(1)
1. Total, lines 2–32 of this page
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
15.
16.
17.
18.
19.
20.
21.
22.
23.
24.
25.
26.
27.
28.
29.
30.
31.
--Select Country---Select Country---Select Country---Select Country---Select Country---Select Country---Select Country---Select Country---Select Country---Select Country---Select Country---Select Country---Select Country---Select Country---Select Country---Select Country---Select Country---Select Country---Select Country---Select Country---Select Country---Select Country---Select Country---Select Country---Select Country---Select Country---Select Country---Select Country---Select Country---Select Country--
32. Countries with which transactions
001
002
003
004
005
006
007
008
009
010
011
012
013
014
015
016
017
018
019
020
021
022
023
024
025
026
027
028
029
030
031
were less than $50,000.00 each, total 032
FORM BE-45 (REV. 10/2018)
Reinsurance premiums
BEA
USE
ONLY
Transaction Code 1
Transaction Code 2
Transaction Code 3
Transaction Code 4
Quarterly premiums
earned on reinsurance
assumed
Quarterly premiums
incurred on reinsurance
ceded
Quarterly losses
incurred on reinsurance
assumed
Quarterly losses
recovered on
reinsurance ceded
(2)
(3)
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
2
3
1
709
Reinsurance losses
(4)
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
(5)
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
(6)
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
Page 9
SCHEDULE A2 – Quarterly Reinsurance Transactions with Foreign Parent(s) and Other Members of the FPG
Are you reporting transactions with foreign parent(s) and other members of the foreign parent group ?
22000
2 12 ■ Yes
• If you checked “Yes” for transaction codes 1–4 in Column 4 of question 8 , and you had transactions of this type with your foreign parent(s)
and other members of the FPG , reporting below is mandatory.
• Report all currency amounts in thousands of dollars. Example: If the amount is $1,555,555.00 report as 1,556.
• Round amounts less than $500.00 to 0.
• To report additional countries, use the overflow sheet provided on page 19 (eFile users – select “Add overflow” from the survey selection page).
• For additional instructions, see Part V on page 18 of the General Instructions.
NOTE – Do not report reserve transfers or recaptures of reserves.
Transactions with foreign parent group
Country
(1)
1. Total, lines 2–32 of this page
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
15.
16.
17.
18.
19.
20.
21.
22.
23.
24.
25.
26.
27.
28.
29.
30.
31.
--Select Country---Select Country---Select Country---Select Country---Select Country---Select Country---Select Country---Select Country---Select Country---Select Country---Select Country---Select Country---Select Country---Select Country---Select Country---Select Country---Select Country---Select Country---Select Country---Select Country---Select Country---Select Country---Select Country---Select Country---Select Country---Select Country---Select Country---Select Country---Select Country---Select Country--
32. Countries with which transactions
001
002
003
004
005
006
007
008
009
010
011
012
013
014
015
016
017
018
019
020
021
022
023
024
025
026
027
028
029
030
031
were less than $50,000.00 each, total 032
Page 10
Reinsurance premiums
BEA
USE
ONLY
Transaction Code 1
Transaction Code 2
Transaction Code 3
Transaction Code 4
Quarterly premiums
earned on reinsurance
assumed
Quarterly premiums
incurred on reinsurance
ceded
Quarterly losses
incurred on reinsurance
assumed
Quarterly losses
recovered on
reinsurance ceded
(3)
(2)
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
2
3
1
709
Reinsurance losses
(4)
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
(5)
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
(6)
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
FORM BE-45 (REV. 10/2018)
SCHEDULE A3 – Quarterly Reinsurance Transactions with Unaffiliated Foreign Persons
Are you reporting transactions with unaffiliated foreign persons ?
23000
3 13 ■ Yes
• If you checked “Yes” for transaction codes 1–4 in Column 4 of question 8 , and you had transactions of this type with unaffiliated foreign
persons , reporting below is mandatory.
• Report all currency amounts in thousands of dollars. Example: If the amount is $1,555,555.00 report as 1,556.
• Round amounts less than $500.00 to 0.
• To report additional countries, use the overflow sheet provided on page 19 (eFile users – select “Add overflow” from the survey selection page).
• For additional instructions, see Part V on page 18 of the General Instructions.
NOTE – Do not report reserve transfers or recaptures of reserves.
Transactions with unaffiliated foreign persons
Country
(1)
1. Total, lines 2–32 of this page
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
15.
16.
17.
18.
19.
20.
21.
22.
23.
24.
25.
26.
27.
28.
29.
30.
31.
--Select Country---Select Country---Select Country---Select Country---Select Country---Select Country---Select Country---Select Country---Select Country---Select Country---Select Country---Select Country---Select Country---Select Country---Select Country---Select Country---Select Country---Select Country---Select Country---Select Country---Select Country---Select Country---Select Country---Select Country---Select Country---Select Country---Select Country---Select Country---Select Country---Select Country--
32. Countries with which transactions
001
002
003
004
005
006
007
008
009
010
011
012
013
014
015
016
017
018
019
020
021
022
023
024
025
026
027
028
029
030
031
were less than $50,000.00 each, total 032
FORM BE-45 (REV. 10/2018)
Reinsurance premiums
BEA
USE
ONLY
Transaction Code 1
Transaction Code 2
Transaction Code 3
Transaction Code 4
Quarterly premiums
earned on reinsurance
assumed
Quarterly premiums
incurred on reinsurance
ceded
Quarterly losses
incurred on reinsurance
assumed
Quarterly losses
recovered on
reinsurance ceded
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
2
3
709
(4)
(3)
(2)
1
1
Reinsurance losses
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
(6)
(5)
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
Page 11
Reporting Instructions for Schedule B
REPORTING INSTRUCTIONS
IMPORTANT – Only report transactions accrued during the reporting period. ONLY report transactions between the U.S. Reporter’s domestic operations
and foreign persons. DO NOT report transactions between the U.S. Reporter’s foreign affiliates and foreign persons, between the U.S. Reporter’s
domestic operations and other U.S. persons, or transactions between other U.S. persons and the U.S. Reporter’s foreign affiliates.
How to Report:
1) Report all amounts in thousands of U.S. dollars (omitting 000). Round amounts less than $500.00 to 0. Do not enter amounts in the shaded portions of
each item.
Use the following Schedule B’s on pages 13–15 to report your quarterly primary and auxiliary insurance transactions based on your relationship
with the foreign person(s) (see page 7 for more information on reporting relationships):
Schedule
Relationship with the consolidated domestic U.S. Reporter
Page
B1
Foreign affiliates
13
B2
Foreign parent(s) and other members of the affiliated foreign group
14
B3
Unaffiliated foreign persons
15
2) Enter the country(ies) of the transactor(s) in the left most column of Schedule B .
3) Report the U.S. Reporter’s quarterly primary and auxiliary Insurance transactions with the foreign transactor in the appropriate column based on the
transaction type:
• Transaction Code 5 (Column 3) – Quarterly premiums earned on primary insurance sold
• Transaction Code 6 (Column 4) – Quarterly losses incurred on primary insurance sold
• Transaction Code 7 (Column 5) – Quarterly auxiliary insurance receipts
• Transaction Code 8 (Column 6) – Quarterly auxiliary insurance payments
Example:
The U.S. Reporter had a total of $6,325,000 in quarterly losses incurred on primary insurance sold to its foreign parent group in Switzerland.
B2
Foreign parent(s) and other members of the affiliated foreign group
Page 14
Per the table above, losses incurred on primary insurance sold to the foreign parent group are reportable on Schedule B2 , which is on page 14.
On Schedule B2 , enter “Switzerland” in column 1. Enter “6,325” under transaction code 6 in Column 4.
IMPORTANT – Report amounts in thousands of U.S. dollars (omitting 000). Round amounts less than $500.00 to 0. Do not enter amounts in the shaded
portions of each item.
Example
Transactions with foreign parent group
BEA
USE
ONLY
Country
(1)
1.
Switzerland
Primary insurance
001
1
Transaction Code 5
Transaction Code 7
Transaction Code 8
Quarterly premiums
earned on primary
insurance sold
(3)
Quarterly losses
incurred on primary
insurance sold
(4)
Quarterly receipts
Quarterly payments
(2)
2
Auxiliary insurance
Transaction Code 6
3
000
4
6,325
000
(5)
5
(6)
000
6
000
Quarterly transactions should be calculated as follows:
For property and casualty insurance companies (Columns 3 and 4)
Report premiums (transaction code 5) as follows: Premiums written during the current quarter, plus unearned premiums at the beginning of the current
quarter, minus unearned premiums at the end of the current quarter. Report premiums net of cancellations. Report premiums gross of commissions and
profit commissions paid to or received from foreign persons, including commissions initially paid to or received from a U.S. intermediary (agent or broker)
of a foreign person.
Report losses incurred (transaction code 6) as follows: Losses paid during the quarter, plus case reserves at the end of the current quarter, plus losses
incurred but not reported at the end of the current quarter, minus case reserves at the beginning of the current quarter, minus losses incurred but not
reported at the beginning of the current quarter. Losses paid or recovered should not include loss adjustment expenses (reportable under transaction
codes 7 and 8).
For life insurance companies (Columns 3 and 4)
Report premiums earned (transaction code 5) as follows: These amounts should be adjusted for changes in due, deferred, and advanced premiums for
the current year. Report premiums gross of commissions and profit commissions paid to foreign persons, including commissions initially paid to a U.S.
intermediary (agent or broker) of a foreign person.
Calculate transaction code 6 as follows: Losses paid reflect policy claims on reinsurance assumed or ceded, adjusted for changes in claims due, unpaid,
and in the course of settlement.
Auxiliary insurance services (Columns 5 and 6)
Include agent’s commissions, insurance brokering and agency services, insurance consulting services, evaluation, allocated loss adjustment expenses, and
other adjustment services, actuarial services, salvage administration services, and regulatory and monitoring services on indemnities and recovery services.
Page 12
FORM BE-45 (REV. 10/2018)
SCHEDULE B1 – Quarterly Primary and Auxiliary Insurance Transactions with Foreign Affiliates
Are you reporting transactions with foreign affiliates ?
1
31000 1 1 ■ Yes
• If you checked “Yes” to any of the transaction codes 5-8 in Column 4 of question 8 , and you had transactions of this type with your foreign
affiliates , reporting below is mandatory.
• Report all currency amounts in thousands of dollars. Example: If the amount is $1,555,555.00 report as 1,556.
• Round amounts less than $500.00 to 0.
• To report additional countries, use the overflow sheet provided on page 20 (eFile users – select “Add overflow” from the survey selection page).
• For additional instructions, see Part V on page 18 of the General Instructions.
NOTE — For transaction codes 5 and 6, only report premiums and losses related to primary (direct) insurance. Reinsurance premiums and losses
should be reported as transaction codes 1 and 2 on Schedule A .
Transactions with foreign affiliates
Primary insurance
BEA
USE
ONLY
Country
(1)
1. Total, lines 2–32 of this page
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
15.
16.
17.
18.
19.
20.
21.
22.
23.
24.
25.
26.
27.
28.
29.
30.
--Select Country---Select Country---Select Country---Select Country---Select Country---Select Country---Select Country---Select Country---Select Country---Select Country---Select Country---Select Country---Select Country---Select Country---Select Country---Select Country---Select Country---Select Country---Select Country---Select Country---Select Country---Select Country---Select Country---Select Country---Select Country---Select Country---Select Country---Select Country---Select Country---Select Country--
31.
32. Countries with which transactions
were less than $50,000.00 each, total
FORM BE-45 (REV. 10/2018)
001
002
003
004
005
006
007
008
009
010
011
012
013
014
015
016
017
018
019
020
021
022
023
024
025
026
027
028
029
030
031
032
Transaction Code 5
Transaction Code 6
Transaction Code 7
Transaction Code 8
Quarterly
premiums earned
on primary
insurance sold
Quarterly losses
incurred on primary
insurance sold
Quarterly receipts
Quarterly payments
(3)
(2)
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
2
3
1
709
Auxiliary insurance
(4)
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
(5)
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
4
000
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
(6)
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
5
000
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
6
000
000
Page 13
SCHEDULE B2 – Quarterly Primary and Auxiliary Insurance Transactions with Foreign Parent(s) and
Other Members of the FPG
Are you reporting transactions with foreign parent(s) and other members of the foreign parent group ?
1
32000 2 2 ■ Yes
• If you checked “Yes” to any of the transaction codes 5-8 in Column 4 of question 8 , and you had transactions of this type with your foreign
parent(s) and other members of the FPG , then reporting below is mandatory.
• Report all currency amounts in thousands of dollars. Example: If the amount is $1,555,555.00 report as 1,556.
• Round amounts less than $500.00 to 0.
• To report additional countries, use the overflow sheet provided on page 20 (eFile users – select “Add overflow” from the survey selection page).
• For additional instructions, see Part V on page 18 of the General Instructions.
NOTE — For transaction codes 5 and 6, only report premiums and losses related to primary (direct) insurance. Reinsurance premiums and losses
should be reported as transaction codes 1 and 2 on Schedule A .
Transactions with foreign parent group
Primary insurance
BEA
USE
ONLY
Country
(1)
1. Total, lines 2–32 of this page
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
15.
16.
17.
18.
19.
20.
21.
22.
23.
24.
25.
26.
27.
28.
29.
30.
002
were less than $50,000.00 each, total
032
31.
32. Countries with which transactions
Page 14
001
--Select Country---Select Country---Select Country---Select Country---Select Country---Select Country---Select Country---Select Country---Select Country---Select Country---Select Country---Select Country---Select Country---Select Country---Select Country---Select Country---Select Country---Select Country---Select Country---Select Country---Select Country---Select Country---Select Country---Select Country---Select Country---Select Country---Select Country---Select Country---Select Country---Select Country--
003
004
005
006
007
008
009
010
011
012
013
014
015
016
017
018
019
020
021
022
023
024
025
026
027
028
029
030
031
Transaction Code 5
Transaction Code 6
Transaction Code 7
Transaction Code 8
Quarterly
premiums earned
on primary insurance
sold
Quarterly losses
incurred on primary
insurance sold
Quarterly receipts
Quarterly payments
(2)
(3)
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
2
3
1
709
Auxiliary insurance
(4)
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
(5)
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
4
000
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
(6)
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
5
000
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
6
000
000
FORM BE-45 (REV. 10/2018)
SCHEDULE B3 – Quarterly Primary and Auxiliary Insurance Transactions with Unaffiliated Foreign Persons
Are you reporting transactions with unaffiliated foreign persons ?
1
33000 3 3 ■ Yes
• If you checked “Yes” to any of the transaction codes 5-8 in Column 4 of question 8 , and you had transactions of this type with unaffiliated
foreign persons , then reporting below is mandatory.
• Report all currency amounts in thousands of dollars. Example: If the amount is $1,555,555.00 report as 1,556.
• Round amounts less than $500.00 to 0.
• To report additional countries, use the overflow sheet provided on page 20 (eFile users – select “Add overflow” from the survey selection page).
• For additional instructions, see Part V on page 18 of the General Instructions.
NOTE — For transaction codes 5 and 6, only report premiums and losses related to primary (direct) insurance. Reinsurance premiums and losses
should be reported as transaction codes 1 and 2 on Schedule A .
Transactions with unaffiliated foreign persons
Primary insurance
BEA
USE
ONLY
Country
(1)
1. Total, lines 2–32 of this page
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
15.
16.
17.
18.
19.
20.
21.
22.
23.
24.
25.
26.
27.
28.
29.
30.
--Select Country---Select Country---Select Country---Select Country---Select Country---Select Country---Select Country---Select Country---Select Country---Select Country---Select Country---Select Country---Select Country---Select Country---Select Country---Select Country---Select Country---Select Country---Select Country---Select Country---Select Country---Select Country---Select Country---Select Country---Select Country---Select Country---Select Country---Select Country---Select Country---Select Country--
31.
32. Countries with which transactions
were less than $50,000.00 each, total
FORM BE-45 (REV. 10/2018)
001
002
003
004
005
006
007
008
009
010
011
012
013
014
015
016
017
018
019
020
021
022
023
024
025
026
027
028
029
030
031
032
Transaction Code 5
Transaction Code 6
Transaction Code 7
Transaction Code 8
Quarterly premiums
earned on primary
insurance sold
Quarterly losses
incurred on primary
insurance sold
Quarterly receipts
Quarterly payments
(2)
(3)
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
2
3
1
709
Auxiliary insurance
(4)
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
(5)
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
4
000
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
(6)
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
5
000
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
6
000
000
Page 15
GENERAL INSTRUCTIONS
Public reporting burden for this BE-45 report is estimated to average 9
hours per response. This burden includes time for reviewing instructions,
searching existing data sources, gathering and maintaining the data needed,
and completing and reviewing the collection of information. Send comments
regarding this burden estimate to Director, Bureau of Economic Analysis
(BE-1), 4600 Silver Hill Rd., Washington, DC 20233; and to the Office
of Management and Budget, Paperwork Reduction Project 0608-0066,
Washington, DC 20503.
Purpose — Reports on this form are required to obtain reliable and up-to-date
information on transactions between U.S. insurance companies and foreign
persons. The data will be used in compiling the U.S. international transactions
accounts and the national income and product accounts. The information will
also be used to formulate U.S. policy and to analyze the impact of that policy,
and the policies of foreign countries, on such international transactions.
Authority — This survey is being conducted under the authority of the
International Investment and Trade in Services Survey Act (P.L. 94-472, 90
Stat. 2059, 22 U.S.C. 3101-3108, as amended – hereinafter “the Act”), and
the filing of reports is mandatory under section 5(b)(2) of the Act (22 U.S.C.
3104). Regulations for the survey may be found in 15 CFR Part 801. The
survey has been approved by the Office of Management and Budget (OMB)
under the Paperwork Reduction Act (44 U.S.C. 3501, et seq).
Penalties — Persons who fail to report may be subject to a civil penalty and
to injunctive relief commanding such person to comply, or both. These civil
penalties are subject to inflationary adjustments. Those adjustments are
found in 15 CFR 6.4. Whoever willfully fails to report shall be fined, and, if an
individual, may be imprisoned for not more than one year, or both. Any
officer, director, employee, or agent of any entity who knowingly participates
in such violations, upon conviction, may be punished by a
like fine, imprisonment, or both. (See 22 U.S.C. 3105.) Notwithstanding
the above, a U.S. person is not subject to any penalty for failure to report
if a valid Office of Management and Budget (OMB) control number is not
displayed on the form. The control number for Form BE-45 (0608-0066) is
displayed at the top of the first page of this form.
Confidentiality — The Act provides that your report to this Bureau is
confidential and may be used only for analytical and statistical purposes.
Without your prior written permission, the information filed in your report
cannot be presented in a manner that allows it to be individually identified.
Your report cannot be used for purposes of taxation, investigation, or
regulation. Copies retained in your files are immune from legal process. Per
the Cybersecurity Enhancement Act of 2015, your data are protected from
Cybersecurity risks through security monitoring of BEA information systems.
I. WHO IS TO REPORT AND GENERAL COVERAGE
A. Who must report — A response is required from each U.S. insurance
company that was notified by BEA about the survey.
1. Mandatory and voluntary reporting
(a) Mandatory reporting – A complete BE-45 report is required from each
U.S. insurance company that engaged in reinsurance transactions
with foreign persons, that earned premiums from, or incurred losses
to, foreign persons in the capacity of primary insurers, or that
engaged in international sale or purchase transactions in services
auxiliary to insurance. Filing is mandatory if, with respect to these
transactions, any of the following eight items was greater than
positive $8,000,000 or less than negative $8,000,000 for the previous
calendar year or is expected to be in the current calendar year, on an
accrual basis: (1) premiums earned, and (2) losses, on reinsurance
assumed; (3) premiums incurred, and (4) losses, on reinsurance
ceded; (5) premiums earned, and (6) losses, on primary insurance
sold; (7) sales of, and (8) purchases of, auxiliary insurance services.
2. Exemption — A U.S. person receiving this form from BEA is not required
to report data if transactions fall below the threshold described in Part
I.A.1. However, it must complete and return the survey through page 6.
Page 16
B. Transactions involving a broker — At times, insurance transactions
between a U.S. person and a foreign person may be arranged by, billed
through, or otherwise facilitated by, a broker, agent, or intermediary. In
order to avoid duplication, the data should be reported by the insurance
company assuming the risk or recovering or paying the loss. Brokers,
agents, and intermediaries are generally not to report.
C. Consolidation — A U.S. enterprise should file a single Form BE-45
covering combined (total) insurance services transactions of all its
domestic subsidiaries, and parts, that are insurance services providers.
1. Consolidating unincorporated enterprises
Consolidate into your BE-45 report the transactions of unincorporated
enterprises in which your company has voting control. Please see
the following items on determining the voting interest in typical
unincorporated enterprises.
Partnerships – Most partnerships are either general partnerships or
limited partnerships. Consolidation of partnerships and inclusion of
their insurance services transactions (purchases and sales) on the
BE-45 survey is based on voting control.
(a) General partnerships
Determination of voting interest – The determination of the percentage
of voting interest of a general partner is based on who controls the
partnership. The percentage of voting interest is not based on the
percentage of ownership in the partnership’s equity. The general
partners are presumed to control a general partnership. Unless a
clause to the contrary is contained in the partnership agreement, a
general partnership is presumed to be controlled equally by each of
the general partners.
Managing partners – If one general partner is designated as the
managing partner, responsible for the day-to-day operations of
the partnership, this does not necessarily transfer control of the
partnership to the managing partner. If the managing partner must
obtain approval for annual operating budgets and for decisions
relating to significant management issues from the other general
partners, then the managing partner does not have a 100 percent
voting interest in the partnership.
(b) Limited partnerships
Determination of voting interest – The determination of the percentage
of voting interest in a limited partnership is based on who controls
the partnership. The percentage of voting interest is not based on the
percentage of ownership in the partnership’s equity. In most cases,
the general partner is presumed to control a limited partnership, and
therefore, have a 100 percent voting interest in the limited partnership.
If there is more than one general partner, the partnership is presumed
to be controlled equally by each of the general partners, unless a
clause to the contrary is contained in the partnership agreement.
Therefore, unless a clause to the contrary is contained in the
partnership agreement, limited partners are presumed to have zero
voting interest in a limited partnership.
Managing partners – See discussion under “General Partnerships”
above.
(c) Limited Liability Companies (LLCs)
Determination of voting interest – The determination of the percentage
of voting interest in an LLC is based on who controls the LLC. The
percentage of voting interest is not based on the percentage of
ownership in the LLC’s equity. LLCs are presumed to be controlled
equally by each of its members (owners), unless a clause to the
contrary is contained in the articles of organization or in the operating
agreement.
Managing member – If one member is designated as the managing
member responsible for the day-to-day operations of the LLC, this
does not necessarily transfer control of the LLC to the managing
member. If the managing member must obtain approval for annual
operating budgets and for decisions relating to other significant
management issues from the other members, then the managing
member does not have a 100 percent voting interest in the LLC.
FORM BE-45 (REV. 10/2018)
GENERAL INSTRUCTIONS — Continued
II. WHAT TO REPORT
A. Report transactions with affiliated foreign persons as well as with
unaffiliated foreign persons (see Part IV.K and L). File separate
schedules to report transactions with (1) your foreign affiliates,
(2) your foreign parent(s) and other members of the foreign parent
group, and (3) unaffiliated foreign persons.
B. Report transactions with alien insurance groups, whether or not funds
remitted to and from these organizations are cleared through their
American trust funds.
C. Note that the criterion for reporting is whether the transaction is between
a U.S. person and a foreign person. It is immaterial whether the assets
insured are located in the United States or abroad.
D. Report transactions with U.S. affiliates of foreign firms for the account
of their foreign parent firm. (Report them on the form covering your
transactions with unaffiliated foreign persons.)
E. Report transactions with foreign persons made by your foreign affiliate for
your account. (Report them on the form covering your transactions with
unaffiliated foreign persons.)
III. WHAT NOT TO REPORT
A. Finite insurance and finite reinsurance — Finite insurance and
reinsurance contracts transfer a limited amount of insurance risk from
the policyholder to the insurer with the policyholder retaining a significant
portion of that risk. Contract terms and features that can limit the transfer
of insurance risk include the following: (1) Contract terms that result
in the premium paid by the policyholder plus anticipated investment
income earned by the insurer on that premium approximately equaling
the reimbursements (including claim recoveries and any contract
adjustments) expected by the policyholder from the insurer (2) Adjustable
features that result in profit-and-loss sharing arrangements between the
policyholder and the insurer (3) A contract coverage period that extends
beyond one year and premiums for subsequent periods that may depend
on the loss experience of earlier years (4) Limits on the amount of claims
to be paid by the insurer (5) Loss corridors that limit or eliminate the risk
of loss for a specified percentage or dollar amount of claims within the
range of contract coverage (6) Favorable contract termination provisions,
for example, that would result in a loss to the policyholder (7) Premiums
that are a substantial percentage of the maximum coverage provided.
Types of finite insurance include, but are not limited to, loss portfolio
transfers, adverse development coverages, and spread loss coverages.
There may be other types of finite reinsurance that are not explicitly listed
but are substantially identical in function and should not be reported on
the survey as well.
B. Do not report reserve transfers or recaptures of reserves on the inception
or termination of reinsurance contracts. Such amounts do not represent
the provision of a service, and should be excluded from reporting on the
BE-45 survey. Only include current premiums on transferred amounts.
C. Do not report transactions with U.S. affiliates of foreign firms for their
own account. Transactions with these U.S. affiliates are considered
domestic-to-domestic for purposes of this survey.
D. Do not report transactions with foreigners made by your foreign affiliates
for their own account.
E. Do not report premiums to, or losses from, foreign insurance companies
on primary or direct insurance. Premiums on such insurance purchased
from foreign insurance companies are to be reported on Form BE-120,
Benchmark Survey of Transactions in Selected Services and Intellectual
Property with Foreign Persons, and Form BE-125, Quarterly Survey of
Transactions in Selected Services and Intellectual Property with Foreign
Persons.
IV. DEFINITIONS
A. Insurance companies, for purposes of this survey, includes insurance
carriers of all types and groups of such companies.
FORM BE-45 (REV. 10/2018)
B. United States, when used in a geographic sense, means the several
states, the District of Columbia, the Commonwealth of Puerto Rico, and
all the territories and possessions of the United States. NOTE: The U.S.
Virgin Islands and Guam are territories of the United States.
C. Foreign, when used in a geographic sense, means that which
is situated outside the United States or which belongs to or is
characteristic of a country other than the United States.
D. Person means any individual, branch, partnership, associated group,
association, estate, trust, corporation, or other organization (whether
or not organized under the laws of any State), and any government
(including a foreign government, the U.S. Government, a State or local
government, and any agency, corporation, financial institution, or other
entity or instrumentality thereof, including a government-sponsored
agency).
1. United States person means any person resident in the United
States or subject to the jurisdiction of the United States.
2. Foreign person means any person resident outside the United
States or subject to the jurisdiction of a country other than the United
States.
E. Business enterprise means any organization, association, branch, or
venture which exists for profitmaking purposes or to otherwise secure
economic advantage, and any ownership of any real estate. (A business
enterprise is a “person” within the definition in paragraph D above.)
F. Direct investment means the ownership or control, directly or
indirectly, by one person of 10 percent or more of the voting stock of an
incorporated business enterprise or an equivalent ownership interest in
an unincorporated business enterprise.
G. Parent means a person of one country who, directly or indirectly, owns
or controls 10 percent or more of the voting stock of an incorporated
business enterprise or an equivalent ownership interest in an
unincorporated business enterprise, which is located outside that country.
1. U.S. parent means the U.S. person that has direct investment in a
foreign business enterprise.
2. Foreign parent means the foreign person, or the first person outside
the United States in a foreign chain of ownership, which has direct
investment in a U.S. business enterprise, including a branch.
H. Foreign parent group means (i) the foreign parent, (ii) any foreign
person, proceeding up the foreign parent’s ownership chain, that owns
more than 50 percent of the person below it, up to and including the
person that is not owned more than 50 percent by another foreign
person, and (iii) any foreign person, proceeding down the ownership
chain(s) of each of these members, that is owned more than 50 percent
by the person above it.
I. Affiliate means a business enterprise located in one country which is
directly or indirectly owned or controlled by a person of another country
to the extent of 10 percent or more of its voting stock for an incorporated
business or an equivalent interest for an unincorporated business,
including a branch.
1. Foreign affiliate means an affiliate located outside the United States
in which a U.S. person has direct investment.
2. U.S. affiliate means an affiliate located in the United States in which
a foreign person has direct investment.
J. Foreign affiliate of a foreign parent means, with reference to a given
U.S. affiliate, any member of the foreign parent group owning the U.S.
affiliate that is not a foreign parent of the U.S. affiliate.
K. Affiliated foreign person means, with respect to a given U.S. person
in a direct investment relationship, (i) a foreign affiliate of which the U.S.
person is a U.S. parent, or (ii) the foreign parent or other member of the
foreign parent group of which the U.S. person is a U.S. affiliate.
L. Unaffiliated foreign person means, with respect to a given U.S.
person, any foreign person that is not an affiliated foreign person as
defined in paragraph J above.
Page 17
GENERAL INSTRUCTIONS — Continued
M. Country means the country of location of the foreign person with whom a
transaction has occurred.
V. SPECIFIC ITEM INSTRUCTIONS
Schedule A
How to calculate transaction codes 1–4
NOTE – Do not include transfers of reserves, and/or recaptures of reserves,
on Schedule A. Such transactions should be excluded from reporting on the
BE-45 survey. If you have reported these transactions in your data during
previous quarters, please provide details about the timing and amount of
the transactions in the comment box provided on page 6 of this survey. Only
report current premiums on transferred amounts.
For property and casualty insurance companies
Calculate transaction codes 1 and 2 as follows: Premiums written
(transaction code 1) or ceded (transaction code 2) during the quarter,
plus unearned premiums at the beginning of the quarter, minus unearned
premiums at the end of the quarter. Report premiums net of cancellations.
Report premiums gross of commissions and profit commissions paid to or
received from foreign persons, including commissions initially paid to or
received from a U.S. intermediary (agent or broker) of a foreign person.
Calculate transaction codes 3 and 4 as follows: Losses paid (transaction
code 3) or recovered (transaction code 4) during the quarter, plus case
reserves at the end of the quarter, plus losses incurred but not reported at
the end of the quarter, minus case reserves at the beginning of the quarter,
minus losses incurred but not reported at the beginning of the quarter.
Losses paid or recovered should not include loss adjustment expenses
(reportable on Schedule B).
For life insurance companies
Premiums received (transaction code 1) and paid (transaction code 2) reflect
premiums accrued on reinsurance assumed from or ceded to insurance
companies resident abroad. These amounts, therefore, are adjusted for
changes in due, deferred, and advanced premiums for each quarter. Report
premiums gross of commissions and profit commissions paid to or received
from foreign persons, including commissions initially paid to or received from
a U.S. intermediary (agent or broker) of a foreign person.
Losses paid (transaction code 3) and recovered (transaction code 4) reflect
policy claims on reinsurance assumed or ceded, adjusted for changes in
claims due, unpaid, and in the course of settlement.
Schedule B
How to calculate transaction codes 5 and 6
For property and casualty insurance companies
Report premiums (transaction code 5) as follows: Premiums written during
the current quarter, plus unearned premiums at the beginning of the current
quarter, minus unearned premiums at the end of the current quarter. Report
premiums net of cancellations. Report premiums gross of commissions
and profit commissions paid to or received from foreign persons, including
commissions initially paid to or received from a U.S. intermediary (agent or
broker) of a foreign person.
Report losses incurred (transaction code 6) as follows: Losses paid during
the quarter, plus case reserves at the end of the current quarter, plus losses
incurred but not reported at the end of the current quarter, minus case
reserves at the beginning of the current quarter, minus losses incurred but
not reported at the beginning of the current quarter. Losses paid or recovered
should not include loss adjustment expenses (reportable under transaction
codes 7 and 8).
Calculate transaction code 6 as follows: Losses incurred reflect policy
claims on direct insurance assumed, adjusted for changes in claims due,
unpaid, and in the course of settlement.
How to calculate transaction codes 7 and 8 (all companies)
Include agent’s commissions, insurance brokering and agency services,
insurance consulting services, evaluation, allocated loss adjustment
expenses, and other adjustment services, actuarial services, salvage
administration services, and regulatory and monitoring services on
indemnities and recovery services.
VI. REPORTING PROCEDURES
A. Due date — A completed BE-45 is due within 60 days of the close of
each calendar quarter, except the final quarter of the calendar year,
when the reports are due within 90 days of the close of the calendar
year.
B. Calendar year — For the purposes of this form, you must report on
a calendar year basis. For example, your fourth quarter report is your
reporting quarter that ends in the fourth calendar quarter.
C. Extension — Requests for an extension of the reporting deadline
will not normally be granted. However, in a hardship case, a written
request for an extension will be considered if it is received at least 15
days before the due date. You may fax the request to (301) 278-9506
or e-mail the request to [email protected]. BEA will provide a
written response to such a request.
D. Assistance and additional copies of the forms — Phone (301) 2789303 for assistance, or send an email to [email protected]. Copies of
BEA survey forms are also available on BEA’s web site: www.bea.gov/
ssb.
E. Rounding — Report currency amounts in U.S. dollars rounded to
thousands (omitting 000). For example, if the amount is $1,334,515.00,
report it as $1,335.
F. Estimates — If actual figures are not available, report estimates and
label them as such. When data items cannot be fully subdivided as
required, report totals and an estimated breakdown of the totals.
G. Original and file copies — File a single original copy of the form.
Please use the copy with the address label if such a labeled copy has
been provided. In addition, retain a copy of the report in your files to
facilitate resolution of problems; these copies should be retained by
the U.S. Reporter for a period of not less than three years beyond the
original due date.
H. Where to send the report – To file a report electronically, see our web
site at www.bea.gov/efile for details.
Send reports through the U.S. Postal Service to:
Bureau of Economic Analysis
Balance of Payments Division, BE-50 (SSB)
4600 Silver Hill Road
Washington, DC 20233
Send reports filed by direct private express delivery to:
Bureau of Economic Analysis
Balance of Payments Division, BE-50 (SSB)
4600 Silver Hill Road
Suitland, MD 20746
Fax reports to: (301) 278-9506
For life insurance companies
Report premiums earned (transaction code 5). These amounts should be
adjusted for changes in due, deferred, and advanced premiums for the
current year. Report premiums gross of commissions and profit commissions
paid to foreign persons, including commissions initially paid to a U.S.
intermediary (agent or broker) of a foreign person.
Page 18
FORM BE-45 (REV. 10/2018)
OVERFLOW SHEET FOR Schedule A OF FORM BE-45, QUARTERLY SURVEY OF INSURANCE
TRANSACTIONS BY U.S. INSURANCE COMPANIES WITH FOREIGN PERSONS
Company Name ________________________________________
Control Number________________
(X) one
Form BE-45 Schedule A This schedule covers transactions with — Check
Overflow Page # ___ of ___
1 11 ■ Foreign affiliates
2 12 ■ Foreign parents and/or other members of the FPG
3 13 ■ Unaffiliated foreign persons
BEA
USE
ONLY
Country
(1)
01. Country total for this page
(sum of 02–23). . . . . . . . . . . . . . . .
02.
--Select Country--
03.
--Select Country--
04.
--Select Country--
05.
--Select Country--
06.
--Select Country--
07.
--Select Country--
08.
--Select Country--
09.
--Select Country--
10.
--Select Country--
11.
--Select Country--
12.
13.
14.
15.
--Select Country---Select Country---Select Country---Select Country--
16.
--Select Country--
17.
--Select Country--
18.
--Select Country--
19.
--Select Country--
20.
--Select Country--
21.
--Select Country--
22.
23.
--Select Country---Select Country--
Transaction code 1
Transaction code 2
Transaction code 3
Transaction code 4
Quarterly premiums
earned on
reinsurance
assumed
Quarterly premiums
incurred on
reinsurance
ceded
Quarterly losses
incurred on
reinsurance
assumed
Quarterly losses
recovered on
reinsurance
ceded
(3)
(2)
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
(4)
(5)
4
000
000
4
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
6
000
5
000
000
6
5
4
000
6
5
4
000
6
5
4
000
6
5
4
000
6
5
4
000
6
5
4
000
6
5
4
000
6
5
4
000
6
5
4
000
6
5
4
000
6
5
4
000
6
5
4
000
6
5
4
000
6
5
4
000
6
5
4
000
6
5
4
000
6
5
4
000
6
5
4
000
6
5
4
000
6
5
4
000
000
000
000
6
5
4
000
(6)
5
000
6
000
000
NOTE — You may use this Overflow Sheet if there is insufficient space on the Form BE-45, Schedule A , to list every individual
foreign country with which you had transactions.
FORM BE-45 (REV. 10/2018)
Page 19
OVERFLOW SHEET FOR Schedule B OF FORM BE-45, QUARTERLY SURVEY OF INSURANCE
TRANSACTIONS BY U.S. INSURANCE COMPANIES WITH FOREIGN PERSONS
Company Name ________________________________________
Control Number________________
(X) one
Form BE-45 Schedule B This schedule covers transactions with — Check
Overflow Page # ___ of ___
1
1 1 ■ Foreign affiliates
2 12 ■ Foreign parents and/or other members of the FPG
3 13 ■ Unaffiliated foreign persons
Primary insurance
(1)
01. Country total for this page (sum
of rows 02–23)
02.
03.
04.
05.
06.
07.
08.
09.
10.
11.
12.
13.
14.
--Select Country--
--Select Country---Select Country---Select Country---Select Country---Select Country---Select Country---Select Country---Select Country---Select Country--
--Select Country---Select Country---Select Country--
15.
--Select Country--
16.
--Select Country--
17.
18.
--Select Country---Select Country--
19.
--Select Country--
20.
--Select Country--
21.
22.
23.
--Select Country---Select Country---Select Country--
Transaction code 5
Transaction code 6
Transaction code 7
Transaction code 8
Quarterly
premiums earned
on primary
insurance sold
Quarterly losses
incurred on primary
insurance sold
Quarterly
receipts
Quarterly
payments
BEA
USE
ONLY
Country
Auxiliary insurance
(2)
(3)
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
(4)
(5)
4
000
000
4
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
6
000
5
000
000
6
5
4
000
6
5
4
000
6
5
4
000
6
5
4
000
6
5
4
000
6
5
4
000
6
5
4
000
6
5
4
000
6
5
4
000
6
5
4
000
6
5
4
000
6
5
4
000
6
5
4
000
6
5
4
000
6
5
4
000
6
5
4
000
6
5
4
000
6
5
4
000
6
5
4
000
6
5
4
000
000
000
000
6
5
4
000
(6)
5
000
6
000
000
NOTE — You may use this Overflow Sheet if there is insufficient space on the Form BE-45, Schedule B , to list every individual foreign
country with which you had transactions.
In Columns (3) and (4), only report premiums and losses related to primary (direct) insurance. Reinsurance premiums and losses should
be reported as transaction codes 1 through 4 on Schedule A .
Page 20
FORM BE-45 (REV. 10/2018)
| File Type | application/pdf |
| File Title | untitled |
| File Modified | 2020-03-24 |
| File Created | 2019-08-29 |