Annual Statement
What you will learn:
Participants in this seminar will develop an understanding of life insurance statutory accounting concepts and acquire knowledge and skills necessary to prepare the Life and Accident & Health Annual Statement (Blue Book). Class time will concentrate on the specific pages, exhibits and schedules included in the NAIC Annual Statement. Class discussion will center on a comprehensive textbook and a completed life insurance company annual statement. In addition to the textbook, participants will receive electronic access to the current Life Company Annual Statement Handbook.
Seminar Content:
- Industry overview
- Life insurance accounting and the Annual Statement
- Policy accounting in the Annual Statement
- Introduction to reinsurance
- Premiums and commissions
- Reserves, incurred benefits and claim liabilities
- Policyholder dividends
- Assets in the Annual Statement
- Investment valuation, schedules and exhibits
- Interest maintenance and asset valuation reserves
- Admitted and nonadmitted assets
- Summary of Operations, Capital and Surplus Account and Cash Flow page
- Notes to Financial Statements and General Interrogatories
- Risk-based capital
- Line of business, separate account and other information
- Supplemental filings
Who Should Attend:
Accountants, auditors, actuaries, financial executives and staff, regulators and others responsible for the preparation, review or audit of all or a significant portion of the Annual Statement.
Prerequisites:
No advance preparation or prerequisite is required for this comprehensive introductory seminar. Those interested in a more concise survey of the contents of the Annual Statement should consider the Statutory Financial Reporting seminar, rather than this seminar.
Class Times:
Class begins at 8:30 a.m. and ends at 5:00 p.m. except on the last seminar day which adjourns at 12:15 p.m.
Estimated CPE Credit: 28.0 hours
Tuition: $2195
Note(s):
Companies that use TCP (our Annual Statement software package) and send staff to this seminar will receive the Handbook as a context-sensitive help file for use within TCP, at no additional cost.
Upcoming seminar dates and locations:
To register and pay by credit card, use the Register Now button(s) below.
To register by mail and pay by check, click here.
| Location | Start Date | End Date | Hotel and Nightly Rate | |
|---|---|---|---|---|
| Las Vegas, NV | Oct 26 | Oct 29 | Venetian Palazzo Resort (159) | |
| New Orleans, LA | Nov 9 | Nov 12 | The Ritz-Carlton, New Orleans (179) |
Upcoming Seminars
Sep 14 - Life Actuarial Concepts for Non-Actuaries
Sep 14 - P&C Annual Statement
Sep 15 - P&C Overview of Statutory Financial Reporting
Sep 16 - Life GAAP 2: Beyond the Fundamentals
Sep 16 - P&C Statutory Accounting Principles
Sep 16 - Life Reinsurance Accounting and Reporting
Sep 16 - P&C Investment Accounting and Reporting
Sep 21 - P&C Update on Accounting and Financial Reporting
Sep 21 - P&C Reinsurance
