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Market Conduct Annual Statement - Instructions

​​​​​​​​​​​​​​​​​​​​​Last Updated: October 29, 2024

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Market Conduct Annual Statement

The Market Conduct Annual Statement (MCAS) was developed through the National Association of Insurance Commissioners (NAIC) with the input of state regulators and representatives from the industry. It is a collaborative effort among states in which the 49 jurisdictions—including Wisconsin—are participating. Information regarding the participating jurisdictions is available on the NAIC website at​ content.naic.org/mcas_data_dashboard.htm ​.

The MCAS project is designed to provide analysis of certain key market performance data that will help regulators allocate market regulation resources where they can be most effective. It is an analysis tool that states use to review market activity of the insurance marketplace in a consistent manner and to identify companies whose practices are outside normal ranges.

Market Conduct Annual Statement Filing Requirements

The MCAS is a mandatory filing that collects data on a state-specific, industry-wide basis. It is comprised of the following major components:

  • Disability Income
  • Health
  • Homeowners
  • Individual Annuity
  • Individual Life
  • Lender-Placed Auto & Homeowners
  • Long-Term Care
  • Private Passenger Auto

In Wisconsin, this is a mandatory filing for licensed:

  • Disability Income: Insurers that reported at least $50,000 or more of direct written disability income premium in Wisconsin during the reporting period. The first report will cover the 2019 calendar year. 
  • Health: Insurers that reported at least $50,000 of health earned premium for all coverages in Wisconsin during the reporting period. The first report will cover the 2017 calendar year.
  • Life and annuity: Insurers that reported at least $50,000 in direct written individual life insurance premium (excluding Credit Life) or $50,000 in individual annuity considerations in Wisconsin during the reporting period.
  • Lender-placed Auto and Homeowner: All companies licensed and reporting at least $50,000 of lender-placed auto or $50,000 of lender-placed homeowners (hazard, wind-only and flood collectively) gross premium in Wisconsin during the reporting period.
  • Long-term care: All companies with stand-alone LTC policies, Life-LTC hybrid products, and/or Annuity-LTC hybrid products in force. There is no minimum premium threshold amount for LTC products. The first report will cover the 2014 calendar year.
  • Property and casualty: Insurers that reported at least $50,000 or more of direct written personal lines automobile premium or homeowner's insurance premium in Wisconsin during the reporting period.

Companies that are not licensed to do business in Wisconsin or that reported less than the minimum premium thresholds noted above do not need to file a MCAS in Wisconsin.

Additional information about the MCAS filing requirements can be found on the NAIC's website at content.naic.org/mcas_2023.htm ​.

Market Conduct Annual Statement Contact

As part of the Financial Annual Statement filing every company is required to designate a Market Conduct Contact. This person is the primary company contact for all market conduct matters and the individual to whom the MCAS data call letter is addressed. If the company fails to designate a Market Conduct Contact, the NAIC looks to the Financial Statement Contact to fulfill that role.

This individual has the sole authority to add and remove other users to the online MCAS application on behalf of their company. The Administrator may designate a specific MCAS contact to serve as the point person for MCAS filing issues and regulator questions, but the Administrator may not delegate his/her administration role except as outlined in the MCAS User Guide.

Market Conduct Annual Statement Filing Instructions and Database

Instructions and additional information about the MCAS may be obtained from NAIC website at content.naic.org/mcas_2023.htm ​​.

We strongly recommend that your contact person review the data call instructions, FAQs, and other information for the project prior to submitting the data. These documents explain in more detail the requirements of this project.

Reporting

Companies are required to use the online reporting system accessible using the log in button  located on the MCAS web​page of the NAIC's website at content.naic.org/mcas_2023.htm ​.

This online application supports both manual and electronic data entry by a company for all jurisdictions in which they are required to file. This application is also used by a company to request a waiver or extension from any jurisdiction.

A separate filing is required for each company within a group required to report in Wisconsin. Data for affiliated companies may not be combined into one submission for this project. Do not request waivers or submit filings for companies that are not licensed in Wisconsin and/or do not meet the minimum level of subject premium during the period under review.

Certificate of Compliance

All companies that submit an MCAS filing must attest to the completeness and accuracy of their submission. This is accomplished via the attestation function in the MCAS application. As a part of this process, each company will name an officer within the MCAS application that attests to the completeness and accuracy of the submission. This attestation is required once per filing period and applies to all submissions for that company code. No submissions will be accepted until an attestation is completed for the company.

Data Elements

The actual data calls and data element definitions are available on the NAIC's website. The data calls are reviewed annually and amended as needed. As such, we recommend that you review the most current data call on the NAIC's MCAS website (content.naic.org/mcas_2023​.htm ​​​) and verify that you are reporting data in accordance with the most current data call specifications.​

If you have any questions, please first check to see if an answer to your question has already been posted to the NAIC's MCAS website. If your question has not been answered on the website, you can submit new questions or request information by sending an e-mail to the NAIC Staff Support at mcas@naic.org. Questions submitted to the NAIC​ Staff Support will be reviewed and responded to by the participating states. Wisconsin-specific questions may be e-mailed to OCIMRCompa​nyAnnualStatements@wisconsin.gov.

Market Conduct Annual Statement Industry Averages

Below is a link to the MCAS ratio results housed at the NAIC. The NAIC scorecards can be searched by Year, State and Line of Business. At this time, the Health MCAS data is not available on the scorecard page. ​

​NAIC Market Conduct Annual Statement Scorecard​