2025-03320NoticeWallet

Insurers: Log Foreign Policies Quarterly for BEA

Published Date: 2/28/2025

Notice

Summary

U.S. insurance companies that do more than $8 million in business with foreign folks must fill out a quarterly survey about their insurance deals. This helps the government understand how insurance trade affects the U.S. and world economies. Reports are due 30 days after each quarter, with a 45-day deadline for the year-end report—so keep those calendars marked!

Analyzed Economic Effects

1 provisions identified: 0 benefits, 1 costs, 0 mixed.

Mandatory BE-45 Quarterly Reporting for Insurers

If your U.S. insurance company had more than $8,000,000 in combined insurance transactions with foreign persons in the previous year (or expects to exceed $8,000,000 in the current year), you must file BE-45 quarterly. Reports are due 30 days after each calendar quarter, except the final quarter of the year when the deadline is 45 days, and BEA estimates the public reporting burden is 9 hours per response. BEA will contact companies required to report; companies not contacted by BEA have no reporting responsibility. You can file electronically at www.bea.gov/efile or submit by mail or fax using the form on www.bea.gov/ssb.

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Key Dates

Published Date
2/28/2025

Department and Agencies

Department
Independent Agency
Agency
Commerce Department
Economic Analysis Bureau
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