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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). U.S. entities who are notified by BEA about this survey are required to complete and return the survey to the Bureau of Economic Analysis within 60 days of the close of each calendar quarter (or within 90 days of closing the final calendar quarter of the year).
Either your company has filed the survey in the past, or we believe that your company may have had transactions covered by this survey based on information your company reported on another BEA survey such as the BE-140 Benchmark Survey, or based on publicly available information obtained from news articles, trade journals, or business databases.
For the efficient processing of the survey and timely dissemination of the results, it is important that your report be filed by the due date. Nevertheless, reasonable requests for extension of the reporting deadline will be granted. Requests for an extension of more than 30 days must be in writing and should explain the basis for the request. You may request an extension via email at BE-45extension@bea.gov or fax the request to (301) 278-9506. All requests for extension must be received no later than the due date of the report.
A copy of the survey in .pdf and .xls format, along with additional reporting schedules, can be obtained by going to www.bea.gov/ssb, or by sending an email to be-45@bea.gov.
Completion of a BE-45 survey is required of any U.S. insurance company that has engaged in reinsurance transactions with foreign persons, that has earned premiums from, or incurred losses to, foreign persons in the capacity of primary insurer, or that has engaged in international sales or purchases of services auxiliary to insurance.
Yes. The transfer of reserves and catastrophic losses on Schedule C and Schedule D, respectively, should be included in the transactions reported on Schedule A and/or Schedule B.
Yes. The transfer of reserves and catastrophic losses reported on Schedules C and D, respectively, should reconcile back to Question 10 on Page 7. In other words, the total dollar figure for a particular Transaction ID on Schedule Cor Schedule D should match the total dollar figure listed for that Transaction ID on Question 10 on Page 7.
Yes. The Transaction ID’s from Question 10, Page 7 can be referenced more than once on Schedules C and D. However, large, infrequent transactions reported on Question 10 on page 7 should be reported separately by the country and affiliation of the foreign transactor.
The "Description of Transaction" filed should provide additional information about the large, infrequent transactions listed in Question 10.
If you are using eFile, select “Add overflow” from the BE-140 Report Homepage. You can download as many overflow sheets as needed.
For hard copy filers, additional reporting schedules A can be found on pages 33-35 of the survey, and additional schedules B can be found on pages 36-38.