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Form FAQs FI-52451 - Insurance Carriers, Except Life, Health, and Medical (Consolidated) This form is in Sector 52.

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	General Q's and A's

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Questions

Sector Questions

1.    How are holding companies classified?

2.    Which finance or insurance form should I use?

3.    Why are the 2002 forms so different?

4.    If I don't have information should I leave it blank?

Form Questions

5.    What should I report for revenue (Item 4)?

6.    What if I don't have any revenue (Item 4)?

7.    How should I report detail of sales, shipments, receipts, or revenue (Item 22)?

8.    Where should I report interest and dividend income earned from bank-held investments (Item 22)?

9.    What should I report as "Premiums by State" (Item 26)?

Answers

Sector Questions

1. How are holding companies classified?

Holding companies, including finance and insurance holding companies, are classified in NAICS sector 55, Management of Companies and Enterprises. Bank, non-bank, and active management companies are included in sector 55 and will receive a census form numbered MN-55xxx.

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2. Which finance or insurance form should I use?

Please use the census form(s) that you received. Completing and submitting the form you received will expedite your response, and any FI-52xxx form should be effective to provide information for any finance or insurance establishment. Please use the "Other..." category if necessary (for example, for Item 18 or 22), and include any needed explanation of your responses in the "Remarks" section available on most forms (after Item 29). If you need forms, please contact us.

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3. Why are the 2002 forms so different?

The 2002 Economic Census features both technical and substantive improvements. Technical improvements include use of letter-size paper and the same question numbers across all forms. Substantive improvements include use of new NAPCS product codes for receipts or revenues detail for some industries. The new NAPCS codes will provide first-ever, market-based, product data that can be linked to NAICS industry-based data.

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4. If I don't have information should I leave it blank?

No. Please provide your best estimate of any item that is not available in your business records. We find that your best estimate is much better than no information at all. If you do provide estimates, use the "Remarks" section available on most forms (after Item 29) to identify and explain them.

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Form Questions

5. What should I report for revenue (Item 4)?

Please report revenue on a gross (not net) basis. However, revenue for some establishments, such as brokers and dealers in products, should be reported on a net basis. Review your Information Sheet for examples of how to report revenue(s) in Items 4 and 22.

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6. What if I don't have any revenue (Item 4)?

Please review your Information Sheet and census form, for both Items 4 and 22. If your establishment did not generate any revenue during 2002, please report zero in Items 4 and 22 and use the "Remarks" section, available on most forms (after Item 29), to identify and explain your report.

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7. How should I report detail of sales, shipments, receipts, or revenue (Item 22)?

Please report for each listed service product that accounted for at least 1 percent of the establishment's total sales or revenue reported in Item 4, and provide the subtotals requested for selected sub-items. Report figures in either whole dollars or whole percentages, and assure that the total for all sub-items reported equals the dollar amount reported in Item 4 or 100 percent. Also, review your Information Sheet and census form information for Item 22 to find more complete instructions on how to report specific sub-items.

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8. Where should I report interest and dividend income earned from bank-held investments (Item 22)?

All revenue earned from bank-held debt investments, including interest, would be reported on Line 14 - Trading debt instruments on own account - net gains (losses).

All revenue earned from bank-held equity investments, including dividends, would be reported on Line 15 - Trading equities on own account - net gains (losses).

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9. What should I report as "Premiums by State" (Item 26)?

Please confirm that "Premiums by State" equals the sum of Lines 1 through 7 of Item 22.

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