Fillable Financial Affairs Division Arizona Department of Insurance MORTGAGE (Arizona)

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Financial Affairs Division Arizona Department of Insurance MORTGAGE (Arizona)

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E-MG.MPP (v. 20191104) Arizona Department of Insurance Page 1 of 3
Financial Affairs Division
Arizona Department of Insurance
Web: https://insurance.az.gov
MORTGAGE GUARANTY INSURER’S REPORT OF POLICYHOLDERS POSITION
COMPANY NAME:
NAIC #:
ENTER QUARTER (i.e. 3/31/2017) OR CALENDAR YEAR END (i.e. 12/31/2016) PERIOD FOR
WHICH THIS REPORT IS BEING FILED
ARS § 20-1550 describes the calculation of Minimum Policyholders Position. Policyholders Position is
defined in ARS § 20-1541(5), as including the contingency reserve established under ARS § 20-1556
and surplus as regards policyholders reported in your financial statement. All calculations of Minimum
Policyholders Position shall consider layers of coverage, deductibles and excess reinsurance. The face
amount of the mortgage shall include reinsurance assumed and shall be calculated net of reinsurance
ceded under agreements which are in compliance with ARS § 20-1557(C). When reporting on the
minimum policyholder position the insurer shall make adjustments for the following:
A. Exclude the Minimum Policyholders Position provided by A.R.S. § 20-1550 on an individual or
group loan in default for which an insurer has established a loss and loss adjustment expense
reserve greater than or equal to the Minimum Policyholders Position for such loan. (Deduction
to be taken on Line 20)
B.
In the event that the loss and loss adjustment expense reserve on an individual or group loan is
less than the Minimum Policyholders Position for such loan as provided by A.R.S. § 20-1550 an
insurer shall not exclude the Minimum Policyholders Position for such loan from its calculation
of its Minimum Policyholders Position, but rather shall add the loss and loss adjustment expense
reserve for such loan to its total Policyholders Position as computed on this form. (Addition to
be made on Line 25)
You must complete the tables on pages 2 and 3 to calculate the Minimum Policyholders Position for
comparison with actual Policyholders Position. The amounts reported on Lines 1 through 19 should be
gross before any deductions or adjustments on account of established loss reserves.
Line 20 Instruction – Include on this line the total calculated Minimum Policyholder Position on all
individual and group business for which the insurer has established appropriate loss reserves that are
in excess of the calculated Minimum Policyholder Position.
Line 24 Instruction – Only include a deduction for subsidiaries’ minimum policyholders position by an
amount equal to the excess of the subsidiary’s minimum policyholders position over the subsidiary’s
contingency reserves, on a subsidiary by subsidiary basis.
Line 25 Instruction – Include on this line the loss and loss expense reserves in individual and group
contracts reported by the insurer where the calculated Minimum Policyholder position exceeds those
loss reserves. The calculated Minimum Policyholder Position for this business shall not be deducted
on Line 20.
Reset
MORTGAGE GUARANTY INSURER’S REPORT OF POLICYHOLDERS POSITION
E-MG.MPP (v. 20191104) Arizona Department of Insurance Page 2 of 3
COMPANY NAME:
NAIC #:
MINIMUM POLICYHOLDERS POSITION
A
B
C
FIRST LIENS:
DIRECT
ASSUMED
CEDED
Individual Loans [ARS § 20-1550(B)]
1. Loan-to-value more than 75%
2. Loan-to-value 50% - 75%
3. Loan-to-value less than 50%
4. Total Individual Loans (Line 1+ 2 + 3)
Group of Loans [ARS § 20-1550(C)]
5. Equity 20-50%, or equity plus prior
insurance or a deductible 25 - 55%
6. Equity less than 20%, or equity plus prior
insurance or a deductible less than 25%
7. Equity more than 50%, or equity plus
prior insurance or a deductible more
than 55%
8. Total Group Loans (Line 5 + 6 + 7)
9. TOTAL FIRST LIENS (Line 4 + 8)
SECOND LIENS [ARS § 20-1550(E)]
A
B
C
A+B-C=D
DIRECT
ASSUMED
CEDED
NET TOTAL
Individual Loans
10. Loan-to-value more than 75%
11. Loan-to-value 50-75%
12. Loan-to-value less than 50%
13. TOTAL INDIVIDUAL LOANS
(Line 10 + 11 + 12)
Group of Loans
14. Equity 20-50%, or equity plus prior
insurance or a deductible 25 - 55%
15. Equity less than 20%, or equity plus prior
insurance or deductible less than 25%
16. Equity more than 50%, or equity plus prior
insurance or a deductible more than 55%
17. TOTAL GROUP LOANS (Line 14 + 15 +
16)
18. TOTAL SECOND LIENS (Line 13 + 17)
19. LEASES [ARS § 20-1550(F)]
20. Deduct aggregate Minimum Policyholder
Position for certain loans with established
loss reserves (See Instruction on Page 1)
21. TOTAL MINIMUM POLICYHOLDERS POSITION (Line 9 + 18 +19 – 20)
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
MORTGAGE GUARANTY INSURER’S REPORT OF POLICYHOLDERS POSITION
E-MG.MPP (v. 20191104) Arizona Department of Insurance Page 3 of 3
COMPANY NAME:
NAIC #:
ACTUAL POLICYHOLDERS POSITION
AMOUNT
22. Surplus as Regards Policyholders (financial statement Page 3, Line 37
23. Contingency Reserve [ARS § 20-1556]
24. Subsidiaries’ Minimum Policyholders Position (See Instruction on Page 1)
25. Loss Reserves on Specified Loans (See Instruction on Page 1)
26. TOTAL ACTUAL POLICYHOLDERS POSITION (Line 22 + 23 – 24 + 25)
27. EXCESS OF POLICYHOLDERS POSITION OVER MINIMUM POLICYHOLDERS
POSITION, Redundancy/(Deficiency) (Line 26 – 21)
The undersigned Officer attests that the above is a true and accurate calculation of the Minimum Policyholders
Position as required by ARS § 20-1550, and of our Actual Policyholders Position, as reported in our financial
statement for the specified period and adjusted for investments in subsidiaries per Line 24 above.
Signature of Officer
Title of Officer
Name of Officer (Type or Print)
Date
DUE DATES:
Foreign and Alien domiciled insurers – On or before March 1 of each year.
Arizona domiciled insurers – On or before March 31 of each year.
FILING INSTRUCTIONS:
File this report with the Department annually and quarterly.
Name the document using this format “MGMPP-NAIC Number-Insurer Name” (e.g. MGMPP-55555-
INSURERNAME).
Email completed FORM to financialfilings@azinsurance.gov.
DO NOT MAIL ORIGINAL / HARDCOPY DOCUMENT.
Line (22 + 23 - 24) + 25
0
0
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Financial Affairs Division Arizona Department of Insurance MORTGAGE (Arizona)

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Completed 12 August 2020

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