Can affiliated companies be consolidated into one BE-140 report?

One BE-140 survey should be completed on behalf of the consolidated domestic U.S. Reporter, which is 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.

How should transactions with international organizations be reported?

According to our conventions, international organizations (such as the United Nations, the World Bank, and the International Monetary Fund) are considered foreign entities, even if they are located in the United States. Insurance transactions with these organizations should be reported on the BE-140. Enter “International Organization” in the country details sections on Schedules A or B and enter the data for each transaction type for which you had transactions.

My company has insurance transactions with the U.S. affiliate of a foreign company. Are these transactions reportable on the BE-140?

No. U.S. affiliates or subsidiaries of foreign companies are considered U.S. persons for the purposes of this survey. Any transactions between your company and other U.S. persons are not applicable to the BE-140.