Report of Premiums Payable for Financial Institutions Only

The information requested enables the applicant to provide EXIM Bank with the information necessary to record customer utilization and manage prospective insurance liability relative to risk premiums received. The Export-Import Bank has made a change to the report to have the insured financial institution provide the industry code (NAICS) associated with each specific export as well as specific information needed to make a determination as to whether or not the exporter meets the SBA's definition of a small business. The insured financial institution already provides a short description of the goods and/or services being exported and the name and address of the exporter. These additional pieces of information will allow EXIM Bank to better track what exports it is covering with its insurance policy and the extent to which its support assists U.S. small businesses. The other change that EXIM Bank has made is to require the insured financial institution to indicate whether the exporter is a minority-owned business, women-owned business and/or veteran-owned business. Although answers to the question are mandatory, the company may choose any one of the three answers: Yes/No/Decline to Answer. The option of "Decline to Answer" allows a company to consciously decline to answer the specific question should they not wish to answer.

The latest form for Report of Premiums Payable for Financial Institutions Only expires 2022-08-31 and can be found here.